![]() ![]() Next, write down a list of your expenses. Maintaining a budget can help you make sure that your income exceeds your expenses and allows room for retirement savings. This includes your take-home pay (your paycheck after taxes and other deductions) and any other sources of income. The first step is to figure out how much money you’re bringing in every month. Read on to learn about the five steps to a successful budget and download our printable worksheet (PDF file) below to start budgeting the Team Clark way! 1. To help you get started, remember that budgeting is as simple as C-L-A-R-K: After the initial setup, it’s really easy and doesn’t take much time. Making a monthly budget for the first time may seem overwhelming, but it doesn’t have to be complicated. This is about giving you power back into your life.” The CLARK Method: 5 Steps to Better Budgeting “Tracking what you’re spending and then seeing where you can make changes in your life is powerful. But the whole idea of budgeting is freeing because you’re getting your life under control, creating more choices and reducing anxiety,” money expert Clark Howard says. “A lot of people look at being told to do a budget as if their life is being restricted. The CLARK Method and our free budget worksheet will put YOU in control of your money: We developed a 5-step plan to help you create a personal budget and stick to it over the long haul. Here is the collection of best printable budget templates broken down by categories (they are 100% FREE and downloadable, but may contain watermarks and uneditable).The secret to saving more and spending less every month isn’t a secret at all - it’s a budget. But if you like to plan everything with pen and paper, then budget printables will be a perfect solution for you. If you’re 100% digital person, you’re likely to google a smartphone app, excel templates or any other best online budgeting sites. When it comes to tools that can help you achieve that, there are plenty of mediums to choose from. A great advantage of having a budget is a possibility to track your spending habits over time and adjust them accordingly. It’s to help you plan for how, what for and how much money will be spent or saved during a particular period of time. A budget is a structured list of your personal or household expected income and expenses. ![]() ![]() Whatever you may need money for, it’s important that you stick to your budget day in and day out. You don't want to get a negative balance of your credit card, don't you? Moreover, keeping track of your finances can play an important role in the pace you improve your savings account balance and save money for your dream vacation, house or car. In the world of consumerism, it’s easy to spend a few bucks here and there to suddenly find out that you exceeded your daily, weekly or monthly budget. The ability to manage your cash flow and track your income and expense is vital. Because it's not only business people who care about profits and expenses. It's no wonder why one of the many tips on personal finance management is to make budget.Īnd you don't have to be a financial specialist to do that. What can be more important than time management? Correct. ![]()
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