Successful budgeting

Thinking about trying to create a budget for your household but aren’t sure how to go about it? Here are a few tips to get you started and keep you going.

1. Mentally prepare yourself.

  • Think about and understand why you’re budgeting in the first place.
  • Be prepared to adjust your lifestyle to help you reach your goals.
  • Be realistic.

2. Set your budget.

  • Calculate your expenses. Make sure to include those that only occur occasionally, such as quarterly water bills and semi-annual insurance bills.
  • Determine your total household income.
  • Set goals for saving money and paying off debt.

3. Keep yourself on track.

Talk to your financial advisor about the best course of action for your specific situation.


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