Do you know—really know—where all your dollars go? One way to become a better money tracker, and hopefully to attack your financial goals more strategically, is to follow a budget.
Many of you probably already do this. If you do, great—although there are different strategies and ways to refine your spending and saving. Many of you probably do not have a budget—but no worries. Half of the battle is starting and figuring out what budgeting path works best for you.
There are a number of different broad ideas you can put to work to balance your budget. For starters, you can divide the money you earn into different percentages or buckets, and allocate those based on needs, wants, and goals. You can also completely customize your budget to meet your specific approaches to money you spend and money you earn. What’s important? Budgeting, for sure.
Want to learn more? Follow the ideas in this graphic.