First, most of us aren’t used to using actual dollar bills and coins. Secondly, many stores prefer cards over cash. And third, most of us get paid by direct deposit, and going to the bank every payday to get some money for your budget isn’t very convenient.
You really need to be in the right mindset to take on this challenge. You need to understand that the majority of the things you buy, you don’t need.You will also need to find ways to cut back on paid daily living activities to fit your expenses in the new budget. I have a whole bunch of tips to help.
Before you start saving half your income, you need to know where your money is going. By taking a look at your online banking or receipts, you will easily be aware of how you spend. This will make it easier to know where the spending holes are.