Budgeting

Using a budget, which is a simple money management tool, can help you focus on meeting your financial goals. The first step in developing a budget is understanding how much money is coming in and how much money is going out.

Follow the simple steps for creating your spending plan by launching this interactive budgeting worksheet.

Additional Tips

Try reducing your monthly fixed expenses by:

- Reducing the number of cable channels you subscribe to or the data package on your phone service. You may find that you are paying for channels or data you aren’t using.

- Changing the temperature on your thermostat. Just one degree can make a difference!

Don’t use credit cards to bridge the gap between your monthly income and expenses. Reduce expenses or increase income to balance your budget.