Discovering methods to cut costs is a continuous process that calls for commitment and self-control. Effective money management requires ongoing work rather than a one-timeall.satta.king effort. On the other hand, saving money can have a big impact and eventually result in security and stability in one's finances. To keep an eye on your finances, you must periodically review and tweak your budget. Reexamining & modifying your budget is crucial when life events occur, such as receiving a raise at work or incurring new costs.