How to Create and Use a Budget
In that it is the holidays, I know that we have had a time when and and where creating and using a budget definetely was easier (I almost had to chop up my credit card just to stop me from using it!) so this blog post is for those of us who are like me and could use the reminder on how exactly to use and maintain a budget, especially in this season when everyone seems to be spending way too much money on who knows what. (Scrooge's side of the story is starting to make sense...) Anyway, here are my thoughts and pieces of advice on how exactly to create and actually use a budget! 1) Estimate your monthly income List sources of income that may include your paychecks, child support, pay from gig work (a holday gig...?), social security income, etc. 2) Identify and estimate your monthly expenses Things like your rent or mortgage, cell phone bill, and garbage bill. Next, identify your variable expenses (this is different dollar expenses every month) like groceries, eating out, ...