Budgeting and Saving in 2023

Are you frustrated with being in debt, overspending and being broke? As we prepare for the new year, we need to make some changes to live a life we truly deserve. The path to financial freedom starts with changing our spending habits and learning the art of budgeting and saving. Remember, every rand counts!

Continuously drawing up a budget, being consistent and committed to changing your life, will be the best decision you’ll make for 2023. 

 
So where do you start? 

Here are some steps you can take to reach your financial goals.

Step 1

Set financial goals. Purchase an affordable journal or budget binder where you can set goals and view them on each day. If you struggle with goal setting you can even set weekly goals that you know you can achieve, the confidence will allow you to plan even further.

if you cant afford a journal we have a free pdf faith and finance journal here

Step 2

Set a daily budget, focus on saving R10 a day for 7 days. Remember, no over spending for the whole week. Google some savings plans that you think you can work with. Consistency is key, try it for 7 days and another 7 days and another 7 days. After 21 days you will have created a habit that will bring you closer to loving the soft life you deserve.

Step 3

Follow and subscribe to a financial podcast and social media platform that can motivate you to stick to your goals. Motivating yourself with these tools, can enable you to keep going even when it gets hard. 

Step 4

Find an accountability buddy. Someone who you can track progress with. Make sure the person is disciplined and also wants to achieve their financial goals. 

Step 5

Reward yourself each month for achieving your goals. Pay yourself first, a key element to decrease the burden when you start this process. Remember to budget for this reward so that you don’t spend all your savings. 

 

That concludes our 5 tips to help you get closer to a prosperous 2023.
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