Happy Friday!

February’s over. You don’t have to write down every single expense anymore.

Use these 6 simple steps to build a household budget.

  • Gather monthly expense data (done!)
  • Group your expenses into categories like utilities, entertainment, food, etc
  • Don’t forget to add savings and funds for unexpected expenses
  • Add your monthly income
  • Assign income to each of the expense categories
  • Compare the income you have assigned (budget) with what you spent (actual)

Congratulations! You now have the start of a realistic household budget. You can use this tool to optimize your spending…and savings!

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