Setting a Budget

Create Financial Stability

Whatever your financial and lifestyle goals, creating and living within a spending budget is vital to achieving them. It’s a simple step you can take which can yield big rewards over time, including financial stability and, perhaps more importantly, peace of mind. The good news is there’s no secret formula or steep learning curve—just common-sense practices anyone can follow.

If you’ve never lived on a budget before, this article explains how to get started. Along those same lines, the credit.org website offers a free “Budgeting 101” online class that explains the basics in one viewing.

And you can watch this short video for a quick overview of why and how budgeting works. ↓

As you make a spending plan, take advantage of the many handy online planners and calculators that are available—you can quickly plug in your financial information at mappingyourfuture.org or calculators.org, or set up your own spreadsheet with any number of free templates.

It won’t take long to see that keeping a close eye on your finances pays off. Check out this article for tips on managing your money more effectively.

Check out this brief video about taking small steps that really add up. ↓