The month just ended and a new month arrives with your salary being paid and business clients or customers are paying their debts, you need financial intelligence to achieve financial goals and remain happy.

Has it ever happened to you? Immediately your bank account reduces to a very low amount, you become unhappy and discover that you just blew away an amount of money that you can’t account for.

And you begin to count fingers and try to be careful but its already late. Well, it happens to many people so these tips will guide anyone who consciously want to apply financial discipline and stay to budget.

1. Make Budget Before Money Arrives

When we don’t have money we seem to think right and better than when the money arrives. So before that big chunk of money or your salary hit your account pick a pen and write needs and wants that you should genuinely spend on. And also make provision for your savings which should be at least 30 percent of your income.

2. Don’t Take Extra Cash to Shopping

If you know what to buy and the prices, why carry an extra money to the supermarket? Including stepping out for work, not carrying extra money means you won’t buy things that are brought to the office which we purchase on emotions whereas we could do without them.

3. Make Provisions for Leisure and Luxury

If you drink or you are a womaniser or ‘maniser’ please make provisions for it in your budget. This are the real causes of impulsive spending. When you set aside money for it you will do them within the limits. Otherwise when a friend give you a bottle of drink and you are tipsy, you will say to hell with budget, and you will buy for everyone on the table. So drinks, gifts should have their place in the budget.

4. Periodically Evaluate Your Income and Expenditure

You have to ensure that your income surpasses your expenses. If the reverse is the case, it means you will spend more than what is coming in and it’s very unhealthy to live above your income. If extra budgetary income comes in, it should be divided equally between savings and expenditure.

5. Commitment

Creating a budget is not enough, being consciously committed to it will enhance the achievements of your financial goals. Truly, sticking to a budget is not easy, so the financial goals should be very realistic. Ensure that your savings account has not provision for mobile transfers and other easy spending banking services.

Good luck.