Let's be honest. The word "budget" doesn't usually elicit happy feelings. Every time you try to stick to one, you end up spending more than you expected. You're fed up and ready for a change.
Have no fear! In this path, you will learn how to: track your spending, find the best budgeting method for your lifestyle, seamlessly implement your budget, and adjust when necessary. If you're ready to make a commitment to your financial health, let's begin!
Personal Budgeting Basics
First things first, how much money are you really spending per month? This is a crucial step of creating your budget! Many of us underestimate how much money we actually spend which causes our budgets to fail in the end. The links below will teach you how to calculate both your monthly income and your monthly expenses.
The second step is probably the most *fun* part of creating your monthly budget. The links included below provide four proven budgeting methods. For creatives who need to see their numbers written out, the bullet journal may be for you. For people on the go who want easy access to their finances, maybe you should try a budgeting app. After trying different methods, you may decide that you want to combine two methods. The method you choose is whatever works best for you and your lifestyle!
The most important part of creating a budget is actually following it. You have to stick to it for it to work for you! Check in weekly to assess your progress and set financial goals for yourself. Also, remember to tweak your budget according to how your life plays out. Maybe you realized that you spend more money on food than you thought you did. Making small adjustment will help you implement your plan overall and stay on track.
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