Get Smart About Money! Interestingly, 40% of us would prefer to receive a large tax refund, while...

February 13, 2018

An addictive money tracker, The Birdy works like this: You reply to a daily email the money managing app sends you with a list of transactions you remember from the day, and it immediately provides you with an illustration of where all your money goes. Think: handy - and pretty - pie chart. This spending tracker is free, and doesn’t require a password.

We mean scrutinise everything, big and small, over a year, to prioritise what抯 important and cutting anything that pushes your spending beyond your income. Use the free Budget Planner tool to do it for you. Yet be warned, it抯 the real deal, so set aside two hours and prepare for a sinking feeling when pressing the 揇o I spend more than I earn?? button.
In follow-up research, Rick also found that tightwads and spendthrifts tend to marry people who have opposite spending behavior to them. That dynamic is present in Rick’s marriage; he is a spendthrift, he says, and his wife is a tightwad. She sometimes goes shopping and comes home with what Rick calls a tightwad report” — almost symptoms of buyer’s remorse, but in reverse, regretting that she couldn’t bring herself to buy all of the things she wanted. That is a classic characteristic,” Rick said. It’s knowing you should or want to buy something, having the money to do it, and you just can’t do it.” It’s hard to break tightwad” behavior, he said.
It took a while, but after a few weeks of blowing through all of his weekly spending money in the first day, he got used to the budget and the amount that he had to spend. And once “> he got used to it, it really worked for him. Having cash really helps to put in perspective just how much money you have to spend or how much money you spent on something silly.