8. Set Up A Spending Account
- Present the idea of creating a dedicated spending account to separate funds for everyday expenses from savings.
- Explain the advantages of this approach in preventing overspending and providing a clear overview of available funds.
- Advise readers to consider banking fees and explore options for fee waivers when setting up a spending account.
9. Record Everything
- Highlight the importance of diligently recording expenses, whether using spreadsheets, pen and paper, or budgeting apps.
- Discuss how tracking expenses enhances discipline and accountability, leading to better adherence to the budget.
- Suggest the use of spending tracker apps to simplify the process and develop a habit of recording transactions.
