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5 Minimalist Budgeting Hacks That Work

The daily financial demands you may be consistently facing can be a huge reason why budgeting may seem like a tough thing to do. The price of everything – from basic necessities to wants – rises higher and higher each year. But, no matter your financial inflow and overall economy, it’s very important to keep a budget. As hard and impossible as it may sound, it can be achievable for as long as you make it a priority and put your mind to it.   

One thing you can do is start with a minimalist budget. This means choosing to spend on things that you actually value. It’s like decluttering your home; once you clear out the things you don’t use or need, there is more room in your house. You might feel lighter, as well. The same thing goes with money – minimalist budgeting can mean you’ll have more funds for savings or paying off debts.

There are many websites you can read through such as Crediteck and other online resources. Those are all useful to visit as not everyone has budgeting skills and tricks as an accountant does, so it’s important to be very strategic. The more minimalist and simpler your budget style is, the better.  

Here’s a round-up of the best tips and tricks you can apply for budgeting that works.  

Don’t Spend Any More Money Than You Have  

First on this list is one of the most obvious budgeting hacks you can follow. Don’t spend any more money than what you already have. Whether it’s for your needs or for your wants, stay within budget. If you know you can’t pay something in full the next payday, don’t buy it. There’s no harm in saving up for the things you want to buy and waiting until you can afford them.   

When you start spending more than what you have, this can turn into a vicious cycle of debt. If you make it a point to spend only what you have, the easier it may be to spend money on the things you actually need.

Distance Yourself From Financial Distractions  

You may not be aware of it but perhaps one of the reasons why it’s so hard for you to stick to a budget is because you’re filled with a lot of financial distractions. These refer to those temptations that trigger you to spend more. Think shopping apps, email subscriptions, and even social media e-commerce sites.  

If you have so many shopping apps on your phone, you may want to start clearing those up. It may seem challenging at first but once you get used to not online shopping, that’ll become your new way of life.   

Then, there are also your email subscriptions. These are top temptations as you may have signed up to so many brands’ updates on their latest promotions and offers. Then, when you read through those emails, there’s that adrenaline in you thinking you need it as it’s a promotion that’ll soon end.

There are so many financial distractions that may be surrounding you now. If you slowly distance yourself from those, you’ll soon see yourself spending less and being more able to stick within your budget.

Set Financial Goals 

Setting financial goals is something you should at least strive to do at the beginning of each year. You can divide those goals into short-term goals and long-term goals, to make it easier for you to monitor and follow. Be realistic with your goals as well. That way, those goals can, in fact, work their magic in giving you a good head start to creating your budget. 

Even with how little you think you may have right now, it’s important to have something you want to work towards financially. Those goals can help you stay on track with your budget as you have that motivation you’re aiming for. You’re constantly reminded that if you don’t stick to your budget, the exchange is you aren’t going to meet your goals. 

The best way to set your financial goals is to write them down. Don’t just keep them in your mind. It’s better if you write them down and post them on your desk or office. When you’re making your budget, you can have those goals to keep you motivated to make your budget as achievable as possible.

Be Honest About Your Expenses

One of the hardest aspects of creating a budget is being honest about your expenses. Perhaps one of the reasons why you’re always struggling with your budget is because your expenses aren’t realistic enough. When you underestimate your expenses, you might just find yourself getting caught up with the bills, month after month.

When you go through the expenses list on your budget, do make it a point too to check for any area where you may be overspending. Perhaps you don’t really need to spend that much on your utility bills if there are workable ways for you to be more practical about it. Whatever approach you have for reducing any excessive expenses, that’s good enough to keep your budget in check.

Some of the most common expenses that almost everyone is going to find on their budget include:

  • Rent;
  • Phone bills;
  • Utilities;
  • Health insurance and other insurance premiums;
  • Car payments;
  • Gasoline;
  • Food.

Stick To Your Grocery List

Even with a budget, another top struggle when budgeting is spending more than you should at the grocery. No matter how tempting it is to reach out for the ‘luxury’ items or the ‘wants,’ stick to your grocery list as much as possible. If you really want to buy one extra item, at least have a limit.

Don’t just go through the grocery thinking you can max out your budget. If you can spend less than how much you intended to for your groceries, that’s great. Even a few extra cash to spare and tuck away for your savings is good.

In a similar vein, never go to the grocery store hungry. If you do, the chances of spending more than you intended will be even higher.


If you’ve long been the type of person who mistakenly believes that you don’t need a budget, you might be wrong. Securing your financial stability necessarily entails having a budget. This gives you set ground rules on how much you can spend at any given time.

When you have a budget, it’ll also be easier for you to keep your expenses in check. You can avoid overspending when you know what you can and can’t spend on, all because you know it’s not yet within your budget. With the simple tips above, budgeting doesn’t have to feel like you need an accounting degree to perfect it.