Living Within a Budget

Living Within a Budget
Living Within a Budget — Keep your spending under control

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Keep your spending under control

We hear our government leaders talk about the crippling effects of budget deficits and excess debt on our country’s economy. The same principles apply in your own household. If you spend more than you make, you’re going to accumulate debt and have trouble saving for the future. But you can avoid that by creating and living within a budget.

Being disciplined about spending can help keep you out of debt and make it easier to invest for your long-term goals.

Sticking to a budget can help you keep your spending under control and make it easier to save. Ultimately, a smart spending plan can provide financial independence. It gives you the ability to plan for expenses— both routine and unexpected—and save consistently for your financial goals like retirement, college and home upgrades.

In this section, we’ll provide some simple steps on how to build a budget using a quick online worksheet. Learn how to inventory your expenses and spending patterns to clarify where your hard-earned money goes every month. You might be surprised by what you discover. You may also find ways to cut costs when you review your budget every month.

Plan with us

A budget is a fundamental financial tool. It may be the most important step in creating a financial plan because being disciplined about spending can help keep you out of debt and make it easier to find extra money to invest for your long-term goals.

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