It can seem tough to create a budget — not to mention stick to it — but "it's actually not as hard as you think," said certified financial planner Stacy Francis, president and CEO of Francis Financial. Three simple steps can help you reach your budgeting goals and live the financial life you've always dreamed of.
First, get real — a realistic and practical budget is key. "Just like diets fail, that's the same reason budgets fail," said Francis. "That's because we deprive ourselves."
Next, find the "leaks" in your budgeted spending and then plug them. "It might be those small things that you spend money on every day — the things you may not notice."