Practical ways to tackle overspending
By Kimberly Palmer, NerdWallet
Mykail James is not ashamed to call herself a “recovering overspender.”
Related Articles
-
It might be tempting to put 401(k) contributions on hold, but sticking with it is a better strategy -
Edmunds: These five vehicles are hidden automotive gems -
Where to park cash if you’re worried about the stock market -
Shoppers are wary of digital shelf labels, but a study found they don’t lead to price surges -
As feds resume student loan collections, states try to catch borrowers before they sink
The Washington, D.C.-based financial educator, who also goes by “the boujie budgeter” online, says she used to spend too much money on splurges like concert tickets and clothing.
But today, she has her spending under control thanks to a set of rules she follows.
One rule? She gives herself a limit for how much she can spend in certain categories. She can buy a concert ticket, but not if it costs more than $45, for example.
She also keeps her spending money separate from her bill-paying money. That way, she has a set amount dedicated to “fun” each month. Once it runs out, she can’t spend any more.
