Whether it’s a vacation, some urgent car repairs or an upcoming wedding, chances are there’s a specific financial goal that’s prompted your need to create your budget.
While these kind of expenses are likely to ignite a fire under you and finally push you to track your spending, creating a budget is not something you should only consider when you have a specific need.
Building a budget is a smart idea that can set you up for financial success, and it can help you avoid situations where you’re pinching pennies. But creating and managing a budget isn’t always easy; it often seems like it’s a vague concept.
In an effort to simplify the process, here’s our guide to creating and managing a household budget through 12 realistic, achievable steps.