Fight Budget Burnout With Smaller, More Frequent Indulgences
It takes discipline to stick to a budget or spending plan. And while most experts agree that periodic relaxation is important to maintain discipline, the nature of the relaxation does matter.
We told you earlier that it’s helpful to tackle one financial clutch to control your overall spending . People often create a budget that is too tight, which they end up splitting up because it’s too unrealistic to keep up with it.
This is where waste budgeting can help. However, instead of spending money on one giant bust, it may be more beneficial to budget for cheaper and more frequent spending. As financial planner Rebecca Schreiber at Bankrate says, “Be kind to yourself often, not just once.”
Everyone has a different budget, so the amount you spend will be different. And everyone has different interests, so your vices will also be different. But the bottom line is this: choose your pleasure, assign a cost to it, and then focus on treating yourself often, not all at once. This works for the same reason as it does for establishing smaller milestones for achieving your goal . This makes your financial plan more affordable, less complex, and therefore easier to follow.
This method is not for everyone. But if you’re having trouble keeping to your budget, you can give it a try. Read the full Bankrate white paper to learn more about combating burnout.
Cheerful Ways to Fight Budget Burnout | Bank rate