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How To Start Budgeting?

 How to start budgeting?

Budgeting can be a scary topic but it doesn't have to be hard. The first thing you need to ask yourself is: How much money do I make every month? How much money am I spending? 

1. Add up both paychecks you've received for the month or previous month. This will determine how much you make in one month.

2. Write down all of your bills starting with the largest. ex) rent, car note, car insurance, electric, phone bill, subscriptions. 

3. Create a category for all of your bills. either write them down or use Dave Ramsey's Everydollar app. Now you know how much money you're receiving monthly and how much you're spending on just bills. 

We need to be in control of our money, otherwise every month we will wonder where all of the money went. 

How to start saving more money?

  • The first thing you can do to start saving more money is cut back on expenses. How many TV subscriptions are you paying for? Music subscriptions? Most people don't realize how much they are paying for subscriptions; they add up fast.
  • Another thing you can do is pick up some over time at work if your job allows it. An extra $200-300 a month adds up if you're paying off debt.
  • Uber or Uber Eats make some extra money by delivering food or rides. It's a quick easy way to make an extra $100 in a day or weekend. 
  • Sale items in your house that you don't use anymore. We all have clothes or junk that's no longer needed.




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