. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

Budgeting is simply balancing your expenses with your income. If they dont balance and you spend

more than you make, you will have a problem. Many people dont realize that they spend more

than they earn and slowly sink deeper into debt every year.

If you dont have enough money to do everything you would like to do, then you can use this planning process to prioritize your spending and focus your money on the things that are most important to you.

Since budgeting allows you to create a spending plan for your money,

it ensures that you will always have enough money for the things you need

and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.

Take the Pain Out of Budgeting with an Interactive Budget Calculator That Guides You

Once you create your first budget, begin to use it and get a good feel for how it cankeep your finances on track, you may want to map out your spending plan or budget for 6 months to a year down the road. By doing this you can easily forecast which months your finances may be tight and which ones youll have extra money. You can thenlook for ways to even out the highs and lows in your financesso that things can be more manageable and pleasant.

Extending your budget out into the future also allows you to forecast how much money you will be able tosave for important things like your vacation, a new vehicle,your first homeor home renovations, anemergency savings accountor your retirement. Using a realistic budget to forecast your spending for the year can really help you with your long term financial planning. You can then make realistic assumptions about your annual income and expense and plan for long term financial goals like starting your own business, buying an investment orrecreation propertyor retiring.

Learn how to budget and create a spending plan.

Learn how to put together a spending plan and manage your money better.

Create a spending plan with guidance and easy steps

A simple step-by-step guide to easily create a spending plan for your money.

Create a household or personal budget that really works

We offer 5 free, online budgeting workshops to help you learn to budget successfully.

Attend one of these live, interactive, online budgeting workshops

How much of your income should you spend on your home, vehicle, groceries, clothes, etc?

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