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How To Make A Budget

Tags: budget

At this point I’m sure you’re asking, how to make a budget that works for me? I totally see the importance in having one but where do I start? You probably just searched How to make a budget and maybe didn’t come up with many answers? And you If you’re feeling more stressed, that’s a good thing. No seriously. It means you’re starting to process all that it means in your life. It means that you know it’s going to take some work. But hopefully (if you’re still reading), it also means you see the significance.

How To Make A Budget?

First, we recommend using the best budget with a super easy user interface, everydollar.com. It’s beautifully clean and simple in its design with some great features and more on the way! We love that you want to know how to make a budget and we want to help you the best we can. Do these steps below, but ALSO join our community! Stop search “How To Make A Budget” and just register to one of our ONLINE EVENTS. We will give you everything you need including training and coaching for your next steps of how to make a budget.

Step 1: Create Your Account

Step 2: Add Your Income

  1. Add each individual check you expect in the month of your budget
  2. If your check can fluctuate, just put in a conservative estimate (you can modify this)

Step 3: Customize The Categories & Items

  1. REALLY IMPORTANT – make every item a FUND (click on the item and click “Make This A Fund”). What this does for you is make sure the software knows to carry the balance into the next month. So if you have $5.43 remaining in your food budget, making this a fund carries that balance into the next month. Without it being a fund, you would lose “track” of that $5.43.

Step 4. Add Your Bills

Step 5. Add Other Category Needs Like Food, Gas, Haircuts, Gifts, etc (Refer To The Video Above)

Step 6: Long Term Categories

  1. Think about things like Christmas and make a plan for how much you are going to spend (i.e. we listed out everyone we were getting a Christmas gift for this year, and even all our Christmas decor). Then you add everything related to Christmas up into one number and divide by the number of months between now and Christmas. ADD that monthly savings number into your budget! Start to think about things like car maintenance, medical costs, and non-Christmas gifts and do the same thing with them.

Step 7: Plan EVERYDOLLAR Of Your Income

  1. It might sound scary, but this is incredibly important.
  2. Putting 100% of your income into the budget proves to your self that you have a plan for every dollar you make and nothing will be wasted.

Step 8: MOST IMPORTANT

  1. Track your expenses
  2. A budget is nothing more than a waste of time, unless you track EVERY transaction you make. The budget should be an accurate depiction of how much money you have remaining in each category!

Join us as we teach you what Overflow really means and also how to get there for yourself in your finances and also your marriage! The Overflow Show will be airing LIVE on Facebook//Youtube//Instagram Thursday Nights!

Follow us on Facebook or Instagram AND Subscribe on YouTube to see all our videos and learn more on how to make a budget!

Accept the 7 Day Finance Challenge to get you ready for your first budget!

The post How To Make A Budget appeared first on The Overflow Show.



This post first appeared on Money Fights | Relationship Problems, please read the originial post: here

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How To Make A Budget

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