Savings Tips: Budgeting

Savings Tips: Budgeting
Tip #1  Track your expenses and spending for two months. It will
reveal your money habits that need changing. Identify expenses you can
live without and use that money to pay off other bills faster or to
deposit into your savings account.

Tip #2  Pay yourself every month. Take this money from
your first monthly paycheck. Deposit into a separate bank account or
stuff it under your mattress. Don’t withdraw from this stash. Many
people will continue spending until all the money is gone. No matter
how much money comes in, some bill or new purchase will take it.
Raises and bonuses all seem to vanish without a trace. Live the rest
of the month on what is left – after you pay yourself.