Why have a budget?
Think of your household budget as your map for financial success. Without the map provided by your GPS, you will get lost.
Examine the following ideas and begin creating your map.
- Define your spending priorities.
- Food expenses.
- Entertainment expenses.
- Utilities (water, gas, electricity)
- Organize your expensive debts and pay them down/off.
- Build a safety net. Automatically deposit money into your savings account.
- Don't charge.
- Live within your means.