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Be the CEO of Your Home: 4 Tips for Sticking to Your Monthly Budget

Do you wish you were more savvy about your spending and budget?

It can be tough to break bad habits, but the first step to fixing these bad habits is to get started! These are a few handy tips to help keep your monthly budget in line. It's easy to spend outside of your budget — but that gets much easier once you put your goals in writing...

1. Set Realistic Goals

We're all about dreaming big... if it's in your budget.

Make the impossible possible by setting monthly limits for your pocketbook. Mattress Firm recommends budgeting out all of your major expenses, like credit card bills, rent, groceries, and utilities. Segmenting your finances into needs versus wants can also help you get a handle on your money. Breaking down your goals into smaller milestones will make it simpler for you to achieve them — for example, saving $5,000 may sound daunting... but try breaking that down into a monthly amount that is realistic for you, and then seeing that money add up over time. Finally, make a wish list to help you to keep track of payments/savings and plan for the future. Can you say vacation? ?

2. Track your Spending (Daily!)

The receipts don't lie.

Eight in ten Americans  love online shopping, and so do we. But this added convenience comes at a price: overspending. To remedy this, keep an updated record of every dollar that leaves your hands. It can be easy for expenses to get away from you — especially when your credit card is already programmed into a website, so it doesn't even feel like spending when you check out.

This might sound difficult, but it doesn't have to be! Check out this list of apps that can help you see where your money is going.

3. Do Your Research

Before you drop big dollars on your next major purchase, you better shop around. ?

When it comes to your budget, you should be interested in getting more bang for your buck. Make a list (and check it twice!) to find the best value at the right price.

Mattress Firm recommends checking prices and reading reviews to get educated and avoid ripoffs or scams.

In conclusion: Stay away from impulse buying by making a plan BEFORE you purchase.

4. Make Discounts Count

good deal goes a long way.

Simply put: be on the lookout for savings

From promo codes to coupons, resources like  RetailMeNot and Honey will hunt for discounts for you.

The next time you feel the urge to shop until you drop, consider the limits of your budget.

And of course, if you're in the market for ways to stretch your budget a little further, Mattress Firm is the perfect place to save. We'll help you keep more of your money for you.

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