It’s not how much money you have, it’s how you manage it. Everyone has financial priorities to juggle – groceries, car payments, rent/mortgage payments, education expenses, clothes for the kids, and insurance – and those annoying surprises that can pop up. The key to managing your money is a budget.
Achieving the right balance among your income, expenses, and savings can pave the way for a healthy financial life and reduce personal stress and anxiety about money. A budget helps you track your spending against your income, and helps you find ways to save money toward your goals. Our Budget Calculator can help you get started by balancing your total monthly income against your monthly expenses to see if you are on the right track.
Need help creating a budget? Visit your local library and look for financial magazines and books that can teach you how to get started.
Some helpful books for budgeting are:
- The Budget Kit: The Common Cents Money Management Workbook, by Judy Lawrence
- The Money Tracker, by Judy Lawrence
- Half-Price Living: Secrets to Living Well on One Income, by Ellie Kay