May 11, 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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