How do I maintain my budget after I start it?
The key to budgeting is maintaining simple but good records. Just like you did when you started your budget, you'll need to keep track of where your money comes from and where it goes. Use the system that works best for you by writing down what you spend in a notebook or keeping receipts for what you buy.
One of the easiest ways to keep track of your spending is to have a checking account. That way, when you pay for purchases with checks or your ATM or debit card, you already have a record of them. Then, you only need to track a few expenses that you pay for in cash. More on the benefits of a checking account
At the end of each month, compare your actual expenses to your budget. Try to keep your spending within your plan, and look for ways to cut your expenses.
Don't give up if maintaining your budget is hard for the first few months. It may take some time to set up a plan that works for you. Be flexible. If your budget is not working for you, fix it so it will. Software like Quicken can help you do it.
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