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Fortunately or unfortunately, there is no getting around this. As Allison mentioned, when they didn’t track their spending, those small $5 or $10 expenses didn’t seem like a big deal. But when they looked at them all together, they made a big impact.
And while reviewing your spending once can make you aware of those small purchases, you have to keep tracking if you actually want to cut back. Because those emotional and habitual expenses sneak up on us, especially when we’re tired, stressed, or overwhelmed.
I promise, even once you’ve done it for a while and feel like you don’t need to budget anymore, as soon as you stop tracking—your expenses will go up. And chances are, you’ll be spending money on things that don’t bring you any more joy.
Allison made such a good point about us all needing to find the money systems that work for us. Just like you have to choose a budgeting method that works for you, the process you use to manage your money also has to work for you.
When we think about systems and routines, I think we sometimes start to believe we’re robots that just need the right programming. But all of our lives run a little differently. Our personalities are all different.
Learn from experts like Allison and I. Try different apps and strategies. But tweak what you learn to fit who you are. You know yourself best. And it will make creating long-term change so much easier.
Allison is a blogger, influencer, speaker, and the founder of Inspired Budget. As a teacher and small business owner, Allison combined her passion for teaching and finances to help others learn how to start budgeting. Since starting Inspired Budget in 2017, Allison has been able to retire as a teacher and take her desire to help others full time. Now she is helping women all over the world get started with budgeting when they feel lost and overwhelmed. She has built a tribe of over 88K Instagram followers that turn to her for budgeting advice and inspiration to save more than they ever imagined!
Are you subscribed to the Smart Money Mamas podcast? If you’re not, I want to encourage you to head over to Apple Podcasts (or wherever you listen to your podcasts) and subscribe! I release episodes twice and week and as a subscriber, you’ll be notified right away so you can take checking the feed for new content off your mental to-do list.