How To Make A Budget And Stick To It

Cream Section Separator

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.

Cream Section Separator

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. 

Cream Section Separator

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.

Cream Section Separator

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.

Cream Section Separator

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!

Read More

White Scribbled Underline
White Scribbled Underline