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How to budget your money

Saving money can be difficult, but it is an essential part of adulthood. Prophets have counseled us to get out of debt. Paying debt will release us from bondage, according to Doctrine & Covenants 19:35. Following these eight tips and having self-control can help you save money.

1. Get out of debt, and stay out of debt.

Staying out of debt allows people to keep their money. It allows people to avoid bondage and paying interest, according to

2. Save money

Having money on hand gives you options. It helps to be prepared for unplanned tragedies, and buying big-ticket items in cash can save you money, according to

3. Find your weak spots

For one month, keep track of all of your purchases. This can help illuminate frivolous spending and curb bad spending habits.

4. Write a budget for each month

Planning where your money goes can prevent impulse spending and can bring great rewards, according to But a plan is only as good as it is followed, so make a budget that you can realistically follow.

5. Pay attention

Keep track of your bank/checking account. Overdraft fees can pile up before your card is even declined, according to

6. Use cash

Handing the cashier $50 in cash is harder than handing a cashier a piece of plastic. Paying in cash helps us realize how much money we are spending.

7. Plan your shopping

Planning shopping trips can help you avoid reckless spending, according to And, when you’re at the store, looking at the price per unit can help you get the best deal.

8. Give

Giving can help limit spending and can attract blessings, according to We have been promised in Malachi 3:10 that if we pay our tithing, blessings will come.

It is never too early to start saving money. Even saving pennies is better than nothing. Saving money and budgeting can be difficult, but it is worth the effort.

Following these eight tips and having self-control can help you save money.

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