Where and why do you spend?
It's impossible to handle your money well unless you know where and
why you're spending it. If you don't have a budget, you may find it hard to
know how much you will need from month to month. When that happens,
you may find yourself withholding payment from one creditor to make payment
to another, taking money from savings or simply doing without things you need
until the next payday.

Set yourself up for success
Set yourself up for success by creating your own budget from scratch so
you can shape and manipulate it over a period of time as it suits both you and
your income. Budgets are like life stories - ongoing projects. Things change,
incomes go up or down, you move and the new house costs more, you get the
car paid off and have extra, you have an accident and your auto insurance goes up...
so a budget that can be adjusted easily is important.

Income vs. expenses
So how do you make a flexible budget that suits your individual circumstances?
The answer to all budgets lies in calculating your personal income and your
personal expenses first.

Click here to open a budget calculator / worksheet:
(This worksheet is from another website and will open in another window.)

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