4/16/2023 0 Comments No money and bills to pay![]() ![]() Allows you to save for future goals and dreams.Keeps you from living paycheck to paycheck.Gives you power and control over your finances.In fact, having a good budget offers a host of benefits. But creating a budget – and living with it – doesn’t have to be so restrictive and it certainly need not be a painful process. The word “budget” alone conjures up images of deprivation – making us think about every thing we can’t have, can’t do, or can’t buy. ![]() I know that most people loathe the thought of being on a budget. Two Easy Steps to Creating a Budget You Can Live With To get yourself on the right path, look at every area of your life where you’re spending money, and create a proper, realistic budget. In fact, your spending should not be anywhere near your earnings, and you should be putting aside 10% of your income into savings. In a nutshell, you can not spend more than you earn. I know you have a lot of bills to pay, but to get ahead financially – and stop being cash-strapped all the time – you absolutely must get your spending in alignment with your actual income. To get out of the cycle of living paycheck to paycheck you really are going to have to take a hard look at your budget. With so many bills, how can I save? I do have a 401(k) but I’m tired of living check to check.Ī: Congratulations on your upcoming wedding and on you and your fiancé getting that home. Last year I bought a car and I’m paying for college out of pocket. ![]() Q: I’m a College student and my soon-to-be husband just purchased our first home. ![]()
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