How to Budget your Personal Finances

This is an article on how to budget your personal finances.

Instructions

1. Step 1) The first step in budgeting your personal finances is making a month-by-month breakdown of how much INCOME you make in a month and what your monthly EXPENSES are. Include everything in your monthly breakdown that comes in and goes out. Do this for all 12 months of the year.

2. Step 2) The second step in budgeting your personal finances is STICKING TO YOUR BUDGET. Have you budgeted $300 for spending money this month (i.e. going out to eat, to restaurants, to the park, etc)? Then make sure you stick to that budget and don't go over it! Be responsible.

3. Step 3) The third step in budgeting your personal finances is LIVING UNDER YOUR MEANS. If your total gross income for a month is around $7,000, don't spend $8,000. Live under your means and save 1 years worth of liquid cash in a savings account for a rainy day.

4. Step 4) This is a good beginner's article on how to budget your personal finances. Good luck!