There are lots of budgeting techniques that people swear by and a lot of times they work. However, every person is different, and if you haven’t found something that works for you or you don’t know where to start, you’re not alone. Creating a budget can be super difficult, let alone sticking to one and we are here to help you out.
The first step to creating a budget is figuring out how much you make and how much you spend. For 2-4 weeks right down every time you make and spend money and then add everything up at the end of that time period. This will show you where you spend your money and how much money you’re spending and making.
Once you have these numbers, see how much you’re saving after you spend. If there’s nothing to be saved or you’re in the red, then you obviously should think about cutting back on your spending. But if you’re making a profit and are able to save you can then think about if you want to be saving more or if you’re comfortable where you’re at.
A good thing to try is to cut back on one item from your budget for a week or two and see how that changes your lifestyle.