How To Budget

Are you wondering how to budget?  Here are some suggestions to get you started:

• Figure out how much you are currently spending every month, and compare it to your monthly income.
• Make a list of fixed expenditures, or bills that are due every month, like rent, electricity, or car insurance.  Add that number together, and subtract it from your monthly income.
• Now, create a list of other expenditures like groceries and entertainment.  Try to be as realistic as you can; if you budget too little for a particular thing, you are liable to over spend.
• It seems simple, but make sure your spending doesn’t exceed your income.