Reading lots of books and articles about how to become millionaire, I discover that most of the millionaires are preparing budget to control their cashflow.
Even I know how to prepare a budget for my daily spending and know how budget is so important to control my money, I do not like to prepare budget!
I just do not like to prepare a lot of paper work just for controlling my expenses.
Yes, there are lots of software that I can use to prepare my budget, but to me, it still requires me lots of time and work to prepare budget.
However, if I want to become a millionaire, how should I control my money without prepare budget?
This question comes in my mind quite a period, and finally find out how to control my money.
Answer is simple.
What I do is just ready 100 bucks for one week expenses. In other words, every week I can only spend 100 bucks.
This trick is simple and everyone can apply immediately. In one week, I can spend this 100 bucks to buy everything I like, to eat and use for any expense, as long as I don't over spend this hundred bucks.
After I apply this simple trick, now I don't have to prepare any more paperwork and at the same time, I can control my cashflow without over spending.
But, sometimes I still cannot control my spending for hundred bucks in one week. This is mainly due to some emergency cases.
For this reason, I set up another limit, there is every month when I receive my monthly salary or other incomes, I will transfer part of my money into another saving account.
The main purpose of this saving account is I only can use the money from this account for my monthly spending.
This is my simple way to control my cashflow.
If you like me, who want to control your money but lazy to prepare your own budget, then these two simple tricks could help you control your money without prepare any budget.