Learn About Your Money Habits Through A Spending Ban

Published on 30 Jul 2017, 13:44
For anyone trying to save up some money, Emily Guy Birken, author of "End Financial Stress Now," recommends doing a spending ban. According to Guy Birken, a spending band will help you learn what you spend money on unnecessarily and will help you understand what you really need to spend on. To start this spending ban set a range of time, make it long enough so you learn from it but not too long where you will feel overwhelmed. Before starting the ban define what a "necessity" is and stick to it. The next thing to do is plan ahead for any upcoming holidays or birthdays and then also plan for what will happen will all the money you will save.

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