Resource Center - Budgeting

Choose from the resource categories below to discover and learn more about personal finance across the topics of budgeting, debt, income, insurance, investing, and retirement.

Budgeting 101 - Everything You Need to Know About Budgeting

Budgeting lies at the foundation of every financial plan. It doesn’t matter if you’re living paycheck to paycheck or earning six-figures a year, you need to know where your money is going if you want to have a handle on your finances. Unlike what you might believe, budgeting isn’t all about restricting what you spend money on and cutting out all the fun in your life. It’s really about understanding how much money you have, where it goes, and then planning how to best allocate those funds. Here’s... Read More >>>

Successful Budgeting for Those Who Hate to Budget

This column includes our printer friendly budget worksheets and much more to help you plan a successful budget and get out of debt. If you try one budget system and it doesn't quite work for you, try another one. Or, create your own with our help! Before we get to our free budgeting worksheets, don't forget that our Web site and free monthly Ezine, Living a Better Life®, are overflowing with great money-saving tips (on hundreds of various topics!) so be sure to sign up for your free membership i... Read More >>>

The Truth About Budgeting - Myths and truths about budgeting

Myth: I don't have time to work on a budget. Truth: You don't have time not to make a budget! The dreaded "B" word. Budget. The only other word that starts with "B" that might generate a worse reaction in most people is the word bankruptcy.Unfortunately, the word budget has gotten a bum rap – it is basically just a PLAN. When you budget, you're spending on paper, on purpose, before the month begins. But many people view a budget as a straight jacket that keeps them constrained. Freedom and budge... Read More >>>

Budgeting

A budget is a plan for your future income and expenditures that you can use as a guideline for spending and saving. Although many Americans already use a budget to plan their spending, the majority of Americans also routinely spend more than they can afford. The key to spending within your means is to know your expenses and to spend less than you make. A good monthly budget can help ensure you pay your bills on time, have funds to cover unexpected emergencies, and reach your financial goals. Mos... Read More >>>

10 steps to making a financial budget

Learn how to budget by following these 10 steps on how to bring your spending under control. 1. Budgets are a necessary evil. They're the only practical way to get a grip on your spending - and to make sure your money is being used the way you want it to be used. 2. Creating a budget generally requires three steps. - Identify how you're spending money now. - Evaluate your current spending and set goals that take into account your long-term financial objectives. - Track your spending to make sure... Read More >>>

Budgeting 101

1. KEEP IT SIMPLE (AT FIRST) The best way to get started is to put together a very basic list of your monthly income (i.e. your paycheck) and expenses. Just give it your best guess. Stick to listing things you can easily identify: rent, car payment, insurance, utilities (you get the picture). As time goes by you can add more detail. 2. DETERMINE YOUR MONTHLY INCOME (after tax how much can you spend) To be effective, you must determine how much you make each month. This is not as straightforward... Read More >>>

Create budgets you can actually stick to

We calculate average spending by category with a click so you can easily create a budget based on spending patterns. See how much youre spending on what, year-to-year or month-to-month. Create and adjust budgets as you go based on what you actually do. Plan ahead by seeing how much you’ll save cutting back in any category. You can even plan for one-time-only expenses and recurring monthly expenses. Mint shows you exactly how your spending decisions affect how much you have left at the end of... Read More >>>

Budgeting

A budget is a plan for your future income and expenditures that you can use as a guideline for spending and saving. Although many Americans already use a budget to plan their spending, the majority of Americans also routinely spend more than they can afford. The key to spending within your means is to know your expenses and to spend less than you make. A good monthly budget can help ensure you pay your bills on time, have funds to cover unexpected emergencies, and reach your financial goals.... Read More >>>

Live Within Your Means

If you are like many Americans, you may find that you are spending more than you're saving and steadily going deeper into debt as a result. This is an easy and common pattern to fall into, and one that requires some planning and discipline to reverse.... Read More >>>

Budgeting: Back-to-School

As summer comes to a close, it's time to sharpen those fresh pencils and prepare for school starting again. But perhaps the most important back-to-school item you'll need is your budget. Take a look at these tips for creating – and sticking to – a back-to-school budget. Plan it out. Before you buy even one notebook, estimate how much you can afford to spend overall and what the costs are likely to be. Don't leave anything out! It's better to know ahead of time if things will be tight.... Read More >>>