How To Create A Budget For Beginners

Budget for beginners is full of questions like: How do you create your first budget? What do you include in a budget?

Got budget questions? Ask in our facebook group: facebook.com/groups/2420324631573253/

Easy budgeting printables and debt payoff trackers: penniesnotperfection.com/shop/

Creating your first budget can feel a lot like guessing and failing in the beginning.
You can save yourself time by using worksheets or an app that guides you through the process but the basics of creating your first budget are actually easy. You need to figure out how much money you are bringing in and how much money you are spending.

For most people you are going to budget your after tax post deduction income. Basically you want to give the money you bring home an assignment so you can better optimize your budget to achieve all of your financial goals.

Today we are talking about creating your first budget with these steps:

➝ Gather Your Budgeting Supplies
➝ Write Out All Your Monthly Bills
➝ Order Your Bills By Calendar & Paycheck
➝ Categorize Your Previous Spending
➝ Set Reasonable Goals For Spending
➝ Plan Your Sinking Funds
➝ Add All Your Expenses Up
➝ Track Your Spending

My budgeting printables: penniesnotperfection.com/shop/

Some other helpful budgeting videos:

➝ How To Setup Sinking Funds | Sinking Funds Capital One 360 | Budgeting For Beginners ➝ youtu.be/FYPnMAIrtIs

➝ How To Start Investing + Tips For New Investors ➝ youtu.be/M143kqpdkt0

➝ 25 Frugal Living Tips That Actually Work➝ youtu.be/TzNjM5aksbk

Everyone does budgeting a little bit differently and that's ok! It's great to keep trying new things and styles and found out what works for you. The important thing is that you pay attention to your money!


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