Updated on October 16th, 2019
The first step to reaching your financial goals is making money, but what exactly should you do with this money once it’s made? This question can be easily answered by creating a budget.
A budget is a detailed plan that tells you exactly what to do with your income. Budgets eliminate the guesswork of figuring out how much money you should spend or save each month in order to reach your goals. Whether you are wanting to eliminate debt, save for a trip, or break the cycle of living paycheck to paycheck, creating a budget will help you do so.
If you wish to take control of your finances and accomplish your financial goals, continue watching to learn about different budgeting methods and how to maintain them over time.