Budget. We’ve all heard that word. However, according to a recent Gallup poll, nearly 2/3 of Americans do not have a budget!! YIKES!!
I know it can be scary to create a budget. But, I make it simple for you. Everything you need to know about creating a budget can be found right here.
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IS A BUDGET REALLY THAT IMPORTANT?
Think about the last vacation you took. Chances are you planned things about before you left. First, you decided where you would go. Then, you decided how you would get there (drive, fly, etc). After that, you determined where you would sleep and even the different activities you would do when you arrived.
Now, imagine that same trip, but without planning. It would never work, would it? Well, it could, but it would probably cause you a lot of stress.
The same is true when it comes to your budget. If you don’t have a budget, you have no idea where you need to spend your money. You never understand where every single dollar goes. Without a budget you have no control.
Before you create your first budget, get into the right mindset. Without that, your budget is destined to fail.
- Why Your Budget is About More Than Money
- Understanding Your Money Attitude
- 6 Reasons Why Your Budget Doesn’t Work — And How to Fix It
- Managing Family Finances: Tips and Strategies for a Better Financial Future
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GETTING STARTED WITH YOUR BUDGET
If you have never used a budget, you may not know where to start. You might even ignore budgeting because you don’t make much money. It’s possible you think a budget will not work if your income changes from paycheck to paycheck.
It is simple to do. You just need to know where to start.
- Why the Spending Plan is the First Step in Your Budget Plan
- Creating Your First Budget
- Learn to Budget with Irregular Income
- Creating a Workable Budget When You Are Broke
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GETTING YOUR PARTNER OR SPOUSE ON BOARD
If you are in a relationship, a budget is even more important. You need to work together to create a budget that work for both of you. Your budget will never work if you can’t agree – or more importantly – if you just hand it over to one person.
- Convincing Your Spouse That You Need a Budget
- How to Talk About Money with Your Spouse or Partner
- How to Get Your Partner on Board with Your Finances
- Being Fair When it Comes to Money
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DIFFERENT TYPES OF BUDGETS
There is never a one size fits all method to creating a budget. That is why it is important to find the right type of budget that works for you!
- The Simple Zero Based Budget
- The Half Payment Method
- Best Budget Apps
- Cash Envelope Budget
- Free Online Budget Calculator
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MAKING YOUR BUDGET WORK
It’s one thing to have a budget. It is another to follow it. Making your budget work is not always easy, but you can do it.
Having a workable budget means sticking to it and always analyzing the numbers. Your budget is never one and done. It requires continual maintenance and review to make it work effectively.
- How to Stick to Your Budget
- Annual Changes Your Budget Needs
- How to Cut Your Budget (When There Is Nothing Left to Cut)
- How Your Are Killing Your Grocery Budget
- Why You Need to Track Your Income
- What To Cut From Your Budget When Getting Out of Debt
- How to Change Your Payment Due Dates to Make Your Budget Work
- How to Get Your Budget Back on Track When You Overspend
- Tricks to Making Your Budget Work
- My Tricks to Spending Less and Saving More
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ITEMS FOR YOUR BUDGET
You know you need to budget for your living expenses such as food and housing. But, how do you do this? And, how do you figure out how much to budget for different categories? It can be overwhelming if you are new to budgeting. These articles can help you with some of those items on your budget.
ADDITIONAL BUDGET RESOURCES
It is important that you create a budget you can follow regularly. Above I shared many tips and ideas to help you do that. Below are some additional resources you should use when it comes to managing your money
- The Cash Envelope Method
- The Budget Apps That Simplify Your Life
- Free Budget Templates (via Resources Library)
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Please note that I am not a certified financial advisor and the information shared on this site is based on my personal experiences. It is important you consult with a tax or financial professional for assistance for your financial situation.