The easiest way to set up a budget is to use an excel spreadsheet, if you’re not familiar with excel, you could also use good ol’ pen and paper.
Here are the step I’d use to make a simple weekly budget.
Here’s an example.
TOTAL = $500
Eating out $200
TOTAL = $650
What this means is that the money that is being spent is greater than what you’re making, so you’re using saved funds to dip into or funding it through credit.
So given we have this picture, what can you do to save more?
Budgeting helps you make decisions.
Next: About the Managing and Saving Money category