![]() There’s science to back up the change to weekly budgeting.ĭuke University’s Center for Advanced Hindsight approaches a wide range of topics from a behavioral science perspective. The suggestion isn’t a whimsical idea, either. It’s Easier to Avoid Overspending Early On Here are three big benefits of using a weekly budget planner: 1. That’s where making the strategic shift to weekly budgeting can help. However, discretionary expenses-meals, entertainment, and the like-are where it’s easy to stray off course and overspend. You may even want to continue tracking variable yet consistent expenses, such as gas or transportation, monthly. The same goes for other fixed bills, like bi-annual insurance premiums or annual car registration fees, which you can break up and include in your monthly budget. Sticking with monthly tracking for fixed monthly bills, such as mortgage payments, could make more sense. ![]() ![]() The transition from a monthly to weekly focus isn’t particularly difficult, but it does take a little upfront planning.įirst, know that you might not want to use a weekly budget for every category. But if your monthly budget is your big-picture strategy, the weekly budget planner is your tactical plan that ensures you stay on track. Most bills are due once a month, you might get paid once or twice a month, and budgeting software often starts you out fresh each month. Not to say you shouldn’t use months to frame your budget. A monthly budget is an intuitive default-but a weekly budget might be the better option. ![]()
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