How To Save Money On A Budget -Consistently And Effectively

Photo by Sasun Bughdaryan on Unsplash — No, you don’t HAVE TO lock up your money. Although that would work, I guess.

This is the question most people have no answer for. I guess that makes it impossible to answer, right?

Nah, not really.

You see, the reason why most people don’t know how to keep themselves on a budget is simply bad habits. People are encouraged to develop terrible financial habits from a very young age.

But with proper knowledge, you can develop new habits and become a different person (financially speaking, of course).

So, first, let’s begin with the knowledge part.


First of all:

Forget credit.

Let me repeat that…


(Sorry for yelling at you and repeating myself… but I really want you to understand that, unless you’re going into something called “good debt”, credit is always bad. Live according to the money you have, not the money you don’t have)

And, in this particular case, by credit, I mean taking out loans. A credit card can actually be a good decision, but it can also be a terrible one, depending on how you use it.

If you use it irresponsibly, you’re just ruining your own future. BUT, if you use it in an extremely responsible way and with the goal of getting a great credit score, then you’re golden! That’s exactly what you should do with a credit card: improve your credit score. That means, ALWAYS paying on time and never owing the bank shit.

But other than the credit card situation and the “good debt” exception, it is ALWAYS a bad idea to borrow any money you don’t have.

(Side note: if you don’t know what “good debt” is, you probably shouldn’t pursue it)

Think about it, how could it possibly be a good financial decision to buy something when you don’t have money for it? Especially when you get credit to buy a car or something else that loses value as time moves forward.

This smoothly takes us to the next important piece of knowledge:

If you can’t afford something twice, you can’t afford it. PERIOD.

NEVER buy something you can’t buy twice. That’s one of the best pieces of advice I can give you.

Unless it’s your health, I don’t care if you think you need it and I don’t care if you think you can’t live without it. Don’t buy it. DO. NOT. BUY. IT.

Most people’s financial woes are caused by their inability to control their own unnecessary purchasing impulses. People who feel unhappy are most likely to be victims of this. And that’s normal. If you’re feeling blue, you would want a dopamine boost, right? Buying cool shit has always given you that boost, so you do it again and again…


So, why not do it whenever you need to? Hmm…

Maybe because you’re trying to become financially responsible.

That quick dopamine boost will wear off soon.

Spending money to feel better about your shitty life is like hanging a painting with some duct tape. After a short while, the painting is going to fall off.

Sure, you can keep hanging it back up with the duct tape, but guess what? Eventually, that duct tape is also going to run out. And then you’re going to have to face your reality anyway. Why waste money and make the process longer, when you can save money and just face the truth faster?

Lastly, you have the advice of wealthy people saying you should save a certain amount, and spend another on utilities and then spend 10% on your enjoyment or whatever… but let’s face it.

If you’re poor, you live in a mindset of scarcity, so that advice comes in through one ear, and goes out the other.

What you DO need to do is:

Look at how much you earn and see what is REALISTICALLY possible to do with it.

This brings us to the habits…


Say you have a $500 budget for the entire month.

Think back on your last 6 months and write down EVERYTHING you spent money on that you can remember.

Once that is done, sort them all by categories. Here’s an example:

Gas (self-explanatory)
Self-Improvement (expenses like books, online courses, life consultant sessions, fitness coach sessions, etc…)
Gym (expenses like protein powders or creatine and the actual gym membership fee)
Eating Out (anything related to eating outside of the house)
House Food (anything related to food bought as groceries)

This is just a simple example for you to get the point.

Now, you take your $500 budget and you allocate a piece to all of them. Like so:

Gas — $50
Self-Improvement — $75
Gym — $45
Eating Out — $30
House Food — $200

All added up, you’ve allocated $400 in total.

That means you’ve got $100 left.

(This is just a VERY simplified example. Obviously, you’d have other expenses like rent and utilities, but hopefully, you’d also have a bigger budget than $500. If you don’t, you need to really focus on that part and not on how to manage your extremely small budget.)

Now, your goal would be to register every single expense you make (there are many apps for that) and, more importantly, STICK TO YOUR BUDGET.

That means respecting yourself. If at the beginning of the month you set yourself a limit of only spending $50 on gas, then that’s what you’re going to do. You won’t go a single dollar over budget.

If you pull it off with all the categories, you’ll be saving $100 in this example. Which is also 20% of the example budget.

HOWEVER, don’t be discouraged if you can’t pull this off in the first month.

Your first 3 months will be an adjustment period, where you’re trying to figure out if you picked realistic budget caps for each category.

Essentially, you just need to keep testing and adjusting as you go. But no matter what, NEVER give up and respect yourself.

If you don’t think you can do it on your own, I’m a life consultant and I can definitely help you out with your financial self-discipline. If you’re interested, you can simply check out my official website at and book a free call with me to see if I can help you out or not.

But it’s not impossible to do it on your own!

I wish you the best of luck,

- Dez




I’m a Life Consultant writing about topics that help people around the world with mindset struggles. You can learn more about me here:

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

What does buying a car look like during a pandemic?

Good first car options?

What happen if you borrow tons of money and then leave the country?

Is The Art Institute Online an accredited school?

CHASE overdraft protection?

ONLY 50% of Employees Utilize Their 401k

3 ways to save big on your IT equipment

2 potentially explosive penny shares to watch in 2022

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


I’m a Life Consultant writing about topics that help people around the world with mindset struggles. You can learn more about me here:

More from Medium

The “1% Rule” Of Ambitious & Successful People

How to get approved for your first mortgage

My experience interning at Microsoft and living in Los Angeles

Let nerdy Youtube teach you how to easily get a perfect pot of coffee