Most of us went all the way through school with little or no education on how to budget money. We learned a lot of useless stuff and evidently money was rated below that. Why don't they teach this in school well it could be because very few people have learned how to budget money including teachers. _ There are three things you need to know before you can even start to set up a budget. You need to know your income, you need to know your expenses,, and then you have to make adjustments so that your income is greater than your expenses. Pretty straightforward stuff right? Except very few people actually budget their money.
First, when it comes to a budget you have to have an idea of what amount of money you are going to make each year, month, week, and even day in some cases. You also have to know how to properly use extra money that was not figured into your budget. It is always better to figure on making less and spending more than making more and spending less. Second, if you struggle with budgeting, then using budgeting worksheets might help you. These can be printed out or just kept on your computer if you prefer. Most of the budgeting worksheets that are out there will break everything down into the categories for the bills that you need to pay. This is very helpful and will allow you to stick to the budget you set up for yourself.