5. Review and revise your budgeting strategies
Check your budget at the end of the first month and each one afterwards. Did your spending habits change? Are you still on track? Ask yourself these questions and see if the budget is really helping you. If it isn’t, don’t be scared. The first one was a test run. Revise those percentages in your budget, see where overspending still exists, and keep trying.
The virtue of budgeting is in the effort to manage money better on your own terms, not in making the ideal budget that will never be followed. As you get a better hold on your finances, things will change. You’ll be able to put more into an emergency savings account, more into investments, and more wherever necessary.