Setting Financial Goals
Being in control of your finances is a great feeling. Creating a budget is the simplest way to achieve your financial goals and ensure that you don’t overspend. When you compare how much money you have available to those things you want or need, you’ll be able to set priorities and develop a spending plan. Once you have your plan in place, you can save for emergencies, avoid unnecessary debt or, if you’re currently in debt, develop a step-by-step way to pay off your obligations. With a little bit of planning, you’ll be on your way to financial freedom. Remember-the simplest plan is the easiest to follow.
Determine how much money you have available
Compare what you have available to your obligations and determine if you have flexibility
Decide ahead of time how you'll spend and follow your plan
In the next sections, we’ll help you get organized so you’ll be able to manage your money effectively.
How to Create a Budget
Once you have an idea of what you’re spending and how you might adjust it, you’re ready to create a more detailed budget. Our template can help you break down your budget by item and by week. Try sticking to this budget for a month and then adjusting as needed. Keep in mind: nothing is set in stone! You can keep refining your budget as situations change or you become more comfortable with it.
View and edit your budget worksheet here:
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