Budgeting for Beginners

Many people live above their means and don’t even realize it. Starting a budget will help you understand your spending habits. Before you begin, get motivated by having a goal in mind.

Next, track your spending. You can do this by using any budget tracking template. Then analyze your essential and non-essential expenses. From there, it will be easier to see where you can make financial cuts. Here is a how-to guide on starting a budget to help you. Here are just a few items you can do to help cut down your expenses.

• Reduce your eating out and happy hours
• Contact your service providers  to see if you are eligible for any discounts 
• Consider carpooling with coworkers to save on gas or commuting fares

Share your tips and tricks on how you started your budget.