Greetings!
My name is Bill. I am here to help promote financial knowledge and economic education. Please tune in each Tuesday as I give you a money tip of the week.
TIP: The first step to creating a realistic budget is to track your expenses.
This month is all about budgeting. A budget is simply a plan to help you use your money the way you want it to be used—it’s telling your money where you want it to go instead of wondering where it went.
The first step to creating a budget is to identify how you are currently spending your money. To do this, you’ll need to track your expenses. Keep a log of everything you spend whether it is a mortgage/rent payment or fifty cents in a vending machine. Once you have a good idea of how and where you are spending money, you’ll be in a better position to create a realistic spending plan.
So start tracking today! And stay tuned for more budgeting tips all month long!
Check out these great budgeting resources available via the Believe website!
