Help for 6 Common Money Issues
Burden #2: You Feel Out of Control When It Comes to Your Spending
How to Shed It: To build better awareness of your spending tendencies, Anderson recommends adopting a daily “Money Minute,” in which you take 60 seconds to see how much you’re spending—and how much you have left. This daily check-in will help
you to stay accountable in relation to your monthly budget.
The next step is to figure out your spending triggers—and put measures in place to thwart them. “Plan for the spiral,” Anderson says. “If you know that your inner child loves to shop, set up a special splurge ‘shopping’ account that’s linked to its own debit card.” Once that money is gone, your shopping is done until next month.