bills that might change each month, like utilities.bills that are the same each month, like rent.A budget also will help you save money for your goals or for emergencies. Making a budget can help you make sure you do not run out of money each month. What I did not buy this month: Music downloadsĪ budget is a plan that shows you how you can spend your money every month. If you keep cash at home, keep the money you are saving separate from your spending money.Consider opening a savings account in a bank or credit union.Keep the money you are saving separate from the money you spend.That way, you will not owe late fees or other charges. That way, you do not pay interest on what you owe. Pay with your credit card only if you can pay the full amount when the bill comes.When you know where you are spending your money, you can decide what you might not want to buy. Small expenses, like a cup of coffee, can add up to a lot of money. For one month, write down everything you spend.You can try these ways to help save money: Then you might not have to use a credit card or borrow money to pay. You can plan for these goals and save money. Maybe you need to visit family in another country. Your goals – You might want to pay for college classes.You will have more choices if you have money to pay for those expensive things. Expensive things – Sometimes, we have to pay for expensive things – like a car, a trip, or a security deposit on an apartment.Everyone has expenses they do not expect. Emergencies – Saving small amounts of money now might help you later.Here are some reasons to try to save money even when it is not easy. It is very hard when your expenses go up and your income does not. Then you can put money into savings every month – maybe into a bank or credit union. You can make savings one of your expenses. Your budget can help you save money for the future. make a plan for how to spend and save your money.How can I use my budget?Ī budget is something you use every month. Last year my paychecks added up to $30,000. This is about how much money you will have for each month If you expect things to be like they were last year, do this:

Maybe something you do not need, or a way to spend less. Look for things in your budget you can change. If the number is less than zero, you are spending more money than you make. subtract your expenses from how much money you make.For example, do you buy a cup of coffee every day? After a month, that coffee money could add up to an expense you might write down. Think about how you spend money, besides paying your bills. Start a budget by gathering your bills and pay stubs.

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