Financial Tips 

Create a budget

Budgeting is the process of creating a plan to spend/save money.

Who is budgeting for?

Budgeting is for everyone including those who receive allowance.

Creating a budget can help you to be in control of your finances and meet your savings goals.

To create a proper budget, 

you will need to:

* Gather and calculate your monthly income

- Including paystubs, Social Security income, disability, child support, or allowance, etc. 

* Track your spending by creating a list

- Calculate your expenses

For example: rent/mortgage, utilities, transportation, groceries, daycare, credit cards and entertainment. Just to name a few.

* Total your monthly income and expenses

- Subtract your expenses from your income.

* Make adjustments to your expenses (if necessary)

- If your expenses are more than your income, that means you are overspending. 

- Identify the expenses you can reduce/eliminate

For example: eating out too much.

- If your expenses are less than your income, you can save towards a specific goal and/or invest.

Penny Pinching

Tired of living check to check?

Now is the time to get the most from your money.....

First, let's start by creating a budget:

*Write down the money you receive every month (all sources).

*Then create a list of your expenses, everything you pay each month.

(be sure to include any miscellaneous items)

*Once you have created each list, you will be able to see how much you earn and how much you spend on a monthly basis.


*Review these lists to see where you can begin to make cuts... 

YES, even if it means cutting back on the coffee and bagel 5 times a week.

*Seeing where to make cuts will show you what you need and what you can do without.

*Your penny-pinching list will serve as a guide to decreasing your expenses, one step at a time.

*Now that you see what you can live without, you can begin saving money.

*Place nickels, dimes, pennies, and yes even dollars that you would have spent into a jar or separate account and watch it grow.

*Challenge yourself by setting a timeline to see how much you can save in a specific period of time.... 

2 weeks, a month, 3 months, or even a year


*You will be surprised at how well you will do once you apply yourself.