1. Kentucky Unemployment Updates Extra Cash On Kentucky Unemployment Planning Kentucky Unemployment Finances
Kentucky
Unemployment
Updates
Kentucky Unemployment Updates & Tips: Budgeting Your Kentucky Unemployment
Compensation Benefits
So you’ve made your budget for your Kentucky
unemployment and it looks good on paper. Great! Now it
is time to implement it. But are you ready to follow the
budget you’ve developed? Here are some helpful tips to
keep you on track with your budget.
1. Determine why you made a budget for your Kentucky
unemployment benefits. There is a reason you have put time
into developing your budget, now you need to put into writing
what your goals are. Do you want to be debt free, live on one
income, or save for retirement? Make this into your personal
or family financial mission statement. Write it down or type it
up nicely and then have it laminated and display it in a
prominent place where you can see it often. Many times we
just need a reminder to ourselves for why we are doing a
particular thing, and that can be just enough incentive when
things get tough.
2. Set small range goals so you can see progress. It can be
very difficult to keep up the discipline necessary to stay on
budget if you can’t see any measurable progress. Develop
some short term goals that you can celebrate meeting. If your
goal has been to reduce your grocery spending by $100 per
month, then your weekly goal would be to cut grocery costs by
$25. Likewise, if your goal is to pay off debt, make a chart to
show how much you’ve paid off. Reward charts just aren’t for
children! Use a type of chart where you can color in a bar to
show your progress with your Kentucky unemployment
insurance, and then color it in every time you make a payment
so you can see the progress you are making. Put it up on your
refrigerator or bathroom mirror as a reminder that your hard
work is paying off!
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2. 3. Identify your weak spots and develop a plan to battle them.
In sticking to your budget, you need a clear idea of where you
may be tempted to break the budget. If you are prone to
impulse spending, then you must remove that temptation from
yourself. If you go window shopping, leave your credit cards
and check book at home! Especially in the early days of
sticking to your budget, it is important to re-train yourself to
curb spending.
Making a budget with Kentucky unemployment compensation
is really the easy part in financial management. It is sticking to
the budget and making your spending match your plan that is
the difficult process. By disciplining yourself and retraining
your spending habits, you can achieve your budget goals.
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