Creating a Budget

Though making a budget may not be the most exciting activity, it is vital to keeping your finances in order.

How to Create a Budget. Budgeting money is important for us to be able to meet our expenses whether in the home or business, manage our money, and keep our finances in check.

By Amy Fontinelle If you've never had a budget, you may be feeling daunted by the prospect of setting one up. In this section, we'll show you how to do it. We'll provide a sample budget that you can copy to create your own budget with pen and paper, a spreadsheet or a budgeting app.

Do you know exactly where all of your money goes each month? Do you know how much money you have left to spend this month? Are you saving towards an emergency fund each month? If you answered -NO - to any of these it may be time to get your finances in order.

Use this worksheet to see how much money you spend this month. Also, use the worksheet to plan for next month’s budget.

A budget is a plan you write down to decide how you will spend your money each month. A budget helps you make sure you will have enough money every month. Without a budget, you might run out of money before your next paycheck.

Creating your first budget can be extremely overwhelming. So overwhelming, in fact, that only 40% of American families have a working monthly budget. But it’s worth the effort. Developing a budget that you can maintain over the long term has been definitively linked to building wealth, while simultaneously helping you get out of debt and cut expenses.

A budget is a plan for every dollar you have. Here are the elements every budget should have, and a simple plan to begin making one.

A simple to follow step-by-step guide to help you create a budget - that actually works. Includes free printable budget form.

What good is a budget if you can't live with it? Here are seven tips on creating a budget that works for you.

Creating a personal budget is the key to gaining control of your money. Download this spreadsheet from Better Money Habits to begin creating your individual budget.