Have you been trying to budget and it just doesn’t seem to work? Are you tired of constantly allocating money but always spending more than you intended to? There are several reasons why your budget may be failing and mostly it’s basic human error. The key is patience and making sure you are not making any of the mistakes listed here. 

You Do Not Have Goals 

A budget without goals is useless. Why are you saving money? Why are you spending money on these specific things? Most importantly, what is your financial goal? Setting goals helps you stay motivated and determined to reach them. Make sure you set achievable goals for yourself, starting from short term, all the way to long term goals. You may also set rewards for yourself each time you achieve a goal.

You Have No Emergency Fund 

Not having an emergency fund can set you back ten steps! You never know when you’ll have an emergency or need that extra money and if you are not prepared for it, you’ll be forced to take out of your savings initially disrupting your budget. Set aside an emergency fund for when a rainy day comes and that way, you won’t have to disrupt your budget. 

You Are Impatient 

Lack of patience can really make your budget suck. Budgeting requires a lot of time, love and patience. You won’t immediately see results and more times, you might want to quit the whole thing. It’s important to remember that the moment you quit, you set yourself another ten steps back.