If you were to ask anyone what’s the best way to save money, it is quite inevitable that the conversation will somehow lead to the word “budget”.

What does budgeting really mean anyway? In my definition, it is to place certain boundaries around different portions of your paycheck to know where the money is all going to. And if you cross those boundaries, it means that you haven’t been disciplined enough to have done what should be best for you.

Imagine yourself going on a diet. A typical diet plan would go like this: You try to restrict yourself from eating all kinds of food – junk food, ice cream and anything fried. You are sure that you’re going to be 100% disciplined and you’re gonna go carb-free or vegan until you lose those extra pounds.

How sure are you that you would stick to this diet for the next …