How To Make A Budget And Stick To It
If you don’t have a budget, you are living dangerously. You have either fallen off the proverbial financial ship or are taking on water and sinking slowly without even realizing it.
Why You Need A Budget
Budgets have a negative connotation with them, don’t they? In my early days, budgets meant no fun. All work and no play is awful, and I felt a budget meant no eating out, no video games, and no freedom in general.
The Basic Steps For How To Make A Budget
The truth is, you can have a budget and enjoy life at the same time. There is a secret budget fund known as “fun money.” This fund allows you to spend money on junk – just because you can.
Pre-Budget: Find Your “Why”
How To Create A Simple Budget
By establishing your why and setting goals, you will help make your budget work for you, rather than wonder why you work so hard and are always living paycheck to paycheck.
Step 1: Determine Your Minimum Monthly Take Home Pay
Estimate and write down as close as you can, to the exact dollar, how much income you expect to receive next month.
Next, write down all your monthly bills by going over your bank account statement from the previous month and putting them into budget categories.
Step 2: Write Down Your Monthly Expenses
Swipe Up now to read the full post!