Your 6-Step Guide to Making a Personal Budget - Deepstash
Your 6-Step Guide to Making a Personal Budget

Your 6-Step Guide to Making a Personal Budget

Curated from: thebalance.com

Ideas, facts & insights covering these topics:

2 ideas

·

1.26K reads

2

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

What a Budget Does

What a Budget Does

As a personal financial planning tool, a written, monthly budget allows you to plan for how you'll spend and/or save your money each month and also keep track of your spending patterns.

With a budget, you can begin to prioritize your spending and better manage your money and financial future.

147

620 reads

Make a Budget in 6 Simple Steps

  1. Gather every financial statement you can (bank statements, investment accounts, recent utility bills).
  2. Record all of your sources of income.
  3. Create a list of monthly expenses.
  4. Break expenses into 2 categories: fixed and variable.
  5. Total your monthly income and monthly expenses.
  6. Make adjustments to expenses: If you have accurately identified and listed all of your expenses, the ultimate goal would be to have your income and expense columns to be equal.

215

646 reads

IDEAS CURATED BY

pai

Music geek. Coffeeaholic. Travel advocate. Social media maven. Certified tv guru.

Paisley 's ideas are part of this journey:

Music and Productivity

Learn more about moneyandinvestments with this collection

How to choose the right music for different tasks

The benefits of listening to music while working

How music affects productivity

Related collections

Similar ideas

Budget Definition

7 ideas

Budget Definition

investopedia.com

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates