Business Loans Accounts Style 02 Car Loans Checking Credit Cards Digital Banking Accounts Style 01 Home Equity Loans Insurance Investing Membership Mortgage Personal Loans RV, Boat, Motorcycle Loans Savings
Skip to main content
Back to Budgeting

8 Tips for Staying on Track

Featured Image
A high school track field.

You’ve planned your budget and set your financial goals. Now it’s time to put that budget plan into motion. Here is a helpful list of tips compliments of BALANCE to help you stay on track with your budget.

  1. Make it a family affair - If you share your finances with someone, talk about your goals, compromise where necessary and work together. Let your kids know your goals (especially if you’re planning for something that will benefit them – a vacation, a house with a bigger yard, etc.) and remind them of these before you go shopping together.
  2. Be good to yourself - Leave a little room in your budget for the occasional treat. Too much sacrifice can be overwhelming and frustrating.
  3. Stay motivated - Keep a picture of your goal in your wallet, on your computer, in your car—wherever you need it to stay inspired.
  4. Direct deposit - Set up automatic deposits to savings each pay period. This will help you get in the habit of saving.
  5. Be flexible - Expect the occasional setback and be willing to make changes when necessary.
  6. Seek help - Know there are experts who can help you decide how and where to invest, how to create a money management plan, and more.
  7. Build a support system - If you’re changing spending habits, let people close to you know so they can help. They’ll understand meeting for coffee instead of dinner or going for a walk in the park instead of a stroll through the mall.
  8. Review your budget - As time goes by, your financial life will change. Debts are paid down, new expenses arise. Keep track of your budget throughout the process and make adjustments as you need to.

If you have any questions about building a budget or if we can help you in any way, please contact Member Services at 804-323-6800 or 800-285-6609.