Many kids are taught money management when their parents start giving them a regular, periodic allowance.  Then kids become adults, get their own jobs, and allowances disappear.  But maybe allowances should continue into adulthood.

Have you ever considered giving yourself an allowance?  Separating “bill” money from “spending” money can help keep you within your budget and force you to make wiser decisions about spending money.

Physically separating your spending money, either by withdrawing the cash or by putting it in another account, will allow you to spend without tapping into your bill money.

How much should you give yourself as an allowance?  Subtract your expenses and monthly savings from your income and that’s the amount you’re allowed to spend each month.