How to Create a Monthly Budget That Actually Works
If you feel like you’re always falling short at the end of the month, you’re not alone. Millions of Americans struggle with sticking to a budget. The good news? A realistic monthly budget can give you control over your money, reduce stress, and help you reach your financial goals. In this guide, you’ll learn how to create a monthly budget that actually works , step by step. Why Having a Monthly Budget Is Essential Almost 70% of Americans live paycheck to paycheck. A monthly budget lets you plan for your bills, savings, fun, and emergencies — so you’re never caught off guard. Steps to Create a Monthly Budget That Works 1: Know Your Income Write down your total monthly income after taxes. Include side gigs, freelance work, and any consistent extra cash. 2:Track Your Expenses Look at your bank statements from the last 2-3 months. Note down rent/mortgage, utilities, groceries, subscriptions, eating out, etc. 3:Categorize Spending Into Needs, Wants & Savings Split your expenses: N...