If you don't have a budget now is a great time to set one up and stick to it.
According to the Federal Reserve, Consumers across all income levels struggle with spending more than they earn. Over one-fifth of adults aren't able to pay all of their current month’s bills in full.
So to get started,list your fixed expenses, as well as your monthly after-tax income. Subtract the recurring bills you have (such as your mortgage and car payments) from your income to figure out how much you have left over for variable spending. You can even take it a step further by dividing that amount by four. That’s how much you or your family can afford to spend on a weekly basis. A budget is by far, is one of the best tools you have to getting your finances in order. If you need help call for an appointment at 320-679-5183 or go to the website yoursafemoneyshow.com.
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