4 Reasons You’re Not Sticking to Your Budget

Brought to You by our Partners at College Ave Student Loans

We’ve said it many times before – creating a budget is one of the most effective ways to manage your money. However, what good is said budget if you just can’t stick to it? Our partners at College Ave Student Loans pulled together four reasons you might not be sticking to the budget you’ve laid out for yourself. See if any apply to you!

You’re not being realistic about your spending.

You set your budget up with the best of intentions, but maybe you went a little overboard with cutting down on spending. It might be tempting to say you’re going to cut out all of your coffee, food, or clothing purchases each month, but it’s just not very realistic. Instead, build these indulgences into your budget and identify where you might be able to cut back. For example, allow yourself to splurge on a cold brew every Friday, rather than every weekday afternoon.


Sticking to Your Budget


You’re not accounting for miscellaneous expenses.

Simply put: things happen. A birthday party here, a flat tire there…life happens and the subsequent costs can add up. Rather than scramble when the unexpected happens, plan ahead. Build in some extra spending money each month so you’re ready if something pops up.


You haven’t updated your budget to account for lifestyle changes.

Your budget should be built around your life and, therefore, should change if and when your situation does. For example, if you’re planning to move to a more expensive apartment in the fall, account for that by altering how much you’re allowing yourself to spend or save (or both). Plus, don’t hesitate to update your goals as well.


Sticking to Your Budget


You don’t have a goal in mind.

Why did you set up a budget in the first place? Are you hoping to save up for something in particular? Just trying to cut back on expenses? Constantly remind yourself of why you’re operating under the budget you set up, so it doesn’t feel like a punishment.


Want more advice about budgeting and sticking to your budget? Check out our starter guide, The College Student’s Guide to Budgeting.

Money Saving Tricks



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Popular Articles
9 Mindless Games to Play for Stress Relief

9 Mindless Games to Play for Stress Relief

After a long day of classes, projects and exams, do you ever find that it's hard to unwind from all that mental clutter you've just accumulated? Read More…
5 Goals to Make at Your Internship

5 Goals to Make at Your Internship

Internship season is officially here. Whether you're getting your hands-on experience at a bustling start-up or diving right in at a major corporation, you can bet Read More…
10 Things to Do During Your Study Break

10 Things to Do During Your Study Break

Put down the books and take a break from studying. No, really...We're serious! Taking about 10-15 minutes to de-stress for every hour you study is much-needed. Read More…
8 Self-Care Apps That Are Worth the Download

8 Self-Care Apps That Are Worth the Download

We're not ragging on college life or anything (honestly, we think it's the best), but it's way too easy getting caught up in all the excitement and Read More…
The College Juice © 2019