Four Ways to Build Better Budgets

4 Ways to Build a Better Budget

Budgeting is the toughest. We know that spending wisely is important, but if they’ve ever tried to budget before then, they can attest to just how tough it can be. But there are ways to improve their finances and build a better budget that will help them get on track and keep up with their monthly expenses. Here are four ways to build a better budget for themselves according to Alexander Djerassi.

1. Set expectations in advance.

It’s important to set reasonable expectations for what they will be able to accomplish on a monthly basis. This way, they can keep their expenses in check and not feel discouraged when things don’t go as planned. Realistic goals are important so that they can measure their progress towards those goals in the beginning and then adjust accordingly as the month progresses if necessary. It also helps to keep them motivated.

2. Have a plan.

A budget is only as good as its execution. They need to have a strategy for how they will be spending their money and stick to it to keep themselves on track. If they don’t have a plan for how they will spend their money, then they will likely find themselves in the same situation over and over again. By having a plan, they can work towards their goals and achieve them without giving up or feeling defeated when things don’t go as planned.

3. Set realistic goals.

If they have a plan, they should have an idea of what they will be able to accomplish in the month. This way, they can set realistic goals and not feel discouraged when things don’t go as planned. For example, if their goal is to save up $100 for a new TV, set a goal of saving $25 each week, and that should be more than enough to achieve that goal. If the month doesn’t go as planned, then it’s okay because it was only one month, and there are many other months left to work towards their goals.

4. Budget like you earn money.

Budgeting is all about being disciplined, and having discipline can be difficult if you don’t know where to start. According to Alexander Djerassi, they can set a budget that is realistic and stick to it regardless of how they feel. They need to budget like they earn money so that they can budget as if they have a job and will get paid at the end of each month. If they don’t make enough money in one month, then it’s okay because there are many months left to work towards their goals.


Budgeting is not only important for everyday expenses but also for the bigger picture expenses such as education and retirement. With their budget in place, they should know exactly how much money they need each month so that they can save up for things they want to accomplish. They can use their budget to help them determine where they should be investing and how much they can invest each month. They should also use their budget to plan for unknown expenses such as medical bills or unexpected expenses that may arise.