The Benefits of Budgeting

Getting Rid of Debt

Generating Savings

Reducing Stress and Anxiety

Lessening Family Conflicts

What to Consider Before Creating a Budget

Understand Your Income

Determine a Budget Duration

Determine Expenses

Track What’s Being Spent

Types of Fixed Personal Expenses

Utility Bills

Housing Bills

Transportation

Debt Payments

Types of Fluctuating Personal Expenses

Personal Care

Non-Fixed Transportation Costs

Entertainment

Eating Out

Establish Your Goals

Short Term vs. Long Term

Be Realistic

Get Rid of Debt

Save for the Future

Determine Where Cuts Can Be Made

Cut Bad Habits

Decrease Transportation Costs

Reduce Utility Bills

Decrease Entertainment Expenses

Tools

Software

Phone Applications

The Envelope System

Expenditure Notebook

Stick With Your Budget

Use Cash for Weekly Allowance

Accountability to Family or Friends

Set Up a Different Account for Savings

Remind Self of Benefit to Sticking With Budget

Additional Ways to Make Money

Make and Sell Items

Sell Unused Items

Small Part-Time Job

Recycle for Money

Paying Off Debt

Get Three Credit Reports

Start With Small Stuff and Work Your Way Up

Credit Card Hacks

Investigate Student Loan Repayment or Consolidation Options