Creating a budget is an easy way to manage your money, pay your bills on time, and even set aside money for extras like vacations or large purchases. When creating a budget you need to consider both your income and your expenses. You then need to figure out how your income can meet your expenses (hopefully with some money left over for the fun stuff!)
Although this sounds difficult, it can actually be quite easy. The hardest part is often making yourself stick to your budget! But the first step to doing that is to set a goal for yourself (this can be as simple as "I want to pay my bills on time and in full" or as fun as "I want to save money for a car by the end of the year"). Then create a realistic budget that will help you meet your goal.
To help you do this, we have developed the following tools:
Next: Sample Budget