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STEP 2:
CREATE A BUDGET

Why create a budget?

It’s easy to feel like your money vanishes before you know it. A budget helps you see where your money goes, spend on what matters most, and make progress toward paying off debt, saving, and investing. It’s a simple way to take control of your finances and reach your goals.

How to create a budget

  1. Know Your Income: Track your monthly income after taxes.

  2. List Your Expenses: Categorize spending (e.g., rent, utilities, groceries, entertainment).

  3. Set Limits:

    • 50% for needs (rent, utilities, food)

    • 30% for wants (dining out, hobbies)

    • 20% for savings and debt.

Start Today:

Spend 30 minutes creating a budget. 

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