August 1, 2021

A monthly budget is one of the best things you can do to your personal finances….

A monthly budget is one of the best things you can do to your personal finances. ? It allows you to keep track ?of where your money is going each month.

——Here’s how to get started——
1. Write down your monthly income. This can be from your paycheck, side jobs, etc. ?

2. Note down all our your monthly expenses. For irregular spending such as groceries, gas, or “fun” money; you may need to take a look of how your spending has been in the past and taking the average. ?

3. Review it and try to identify if there are any areas that may need adjusting. The goal here is to make sure your expenses do not exceed your income. ?

4. Once you’ve identified your problem areas, or any high spending apply changes to limit your spending. ✅

Step 5 is the most important because consistency allows you to form habits of knowing your spending and allowing you to have power over your finances. ?

Great apps for budgeting: mint, clarity money & everydollar. You can also use Microsoft excel and if you want to use the template I created, just send me a DM ?

——— Follow: @spacecitymoney ———

⚠️ I am not a financial advisor, the information provided is for educational and/or entertainment purposes only and does not constitute financial, accounting, or legal advice. ⚠️

#SpaceCityMoney #personalfinance #budget #monthlybudget #income #expenses #wealth


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