3 fool-proof budgets that can work for anyone

When it comes time to sit down and actually create a budget, these  are the steps you can generally take to make a monthly plan for your  money.

The key to knowing what you can do with your money each month stems from knowing just how much income  you have coming in.

Identify all sources of income

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Write down ongoing necessary expenses

The necessary ongoing expenses such as rent, car payment, and groceries are what need to be written down first.

Take a cold, hard look at unnecessary spending

See what expenses can be cut  to determine how much money needs to be set aside for  unnecessary expenses.

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It’s a good idea to think about how some of that money can make  accomplishing financial goals like paying off debt or saving for retirement easier.

Set financial goals and rework the budget


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