The discretionary items in our budget -- the ones we have the most control over -- are often the hardest ones to budget. One way to make your budget work better? Prioritise your expenses according to how much happiness they bring you.
Rank your top 10 discretionary items in order of happiness, Lule Demmissie, managing director of TD Ameritrade, says on Huffington Post. Then cut (or decrease) the bottom three items.
You'll still have the same amount of money to spend, but you can allocate it in a way that best enhances your life. Keep tweaking as you go along and discover what really does bring you happiness.
It's a simple approach, and you'll still need to make trade-offs, probably, but one that could make you stick to your budget better.
How to Save for Retirement Without Kicking Your Starbucks Habit [The Huffington Post]