When it comes to keeping your money, it doesn’t have to be an either or situation. People save money, and when they see something they want, they wonder, “OK, I have saved the money, I can make the purchase. But if I make the purchase, I won’t have any money. So what’s the point of saving?”
What if there was a way to do both? Have a savings and still be able to buy certain luxury items from time to time. It all comes down to money management.
And it all starts with your budget. There is an old expression: “It’s not what you have, it’s what you owe.” By writing out a budget, and understanding what your expenses are, you will be able to properly plan.
Putting bills on a credit card might be a good short-term solution, but it won’t be a long-term plan. Once you have your budget figured out, it’s time to start thinking about how much you have left over and what you can do with those funds.