Instead of setting a budget for the year, or even for the season, try structuring your spending and saving plan on a much smaller scale. Try a paycheck-to-paycheck budget, said Alise Kraus, president of the Financial Planning Association of the East Bay. Zoom OutOnce your micro budget is set up, you have a scheduled place to adjust your plan. The Fresh Start EnergyThe psychological torpor of 2020 has also deprived us of the “fresh start effect," which typically infuses milestone birthdays and the start of a new year with a little extra specialness. Luckily, a shorter-term budget automatically gives you several smaller opportunities to reclaim that “fresh start" effect.

Source: Mint December 30, 2020 03:23 UTC