7) Set a Monthly Allowance
Having a budget doesn’t mean you need to eliminate having fun. It just means you need to have a reasonable sense of proportion about it. After all, life is not just about working and paying bills. Life is meant to be lived and enjoyed. You will most likely enjoy it better if you have the security of a savings plan, along with your leisure and entertainment. So, as part of your budget, plan a certain amount to be spent on fun. Just be sure not to go overboard. If you have plans for something a bit out of the ordinary and more expensive, such as pricey concert tickets, take a certain amount from each monthly allowance and allocate a portion towards it. This way you won’t be dipping into your savings or using your credit card, and can still go to that show you’ve been hankering to see.