A good budget captures all your income, expenses and savings. If you’ve started using a budget but find that it’s not working as expected, you’re bound to feel discouraged and abandon it altogether.
However, a look into your budget, expectations as well as spending habits could provide useful information as to why your budget isn’t working.
Below are five reasons why your budget isn’t working for you and what you can do to remedy that:
5. You have unrealistic expectations
Just like any other goal you wish to attain, it takes time to see the results of a budget. If you have made a good budget, give it time to start reflecting the desired results. In the first few months, assess if your budget is working for you and make the required adjustments and then give it time to start working.