Budgeting Basics

A budget, sometimes called a spending plan, is just a road map telling you how you will reach your goals.  The basic steps are:

• Set SMART Goals (Specific, Measurable, Attainable, Realistic, and Time-Bound)
• Track your Income, Expenses, and Debts
• Create a Monthly Plan to Reach Your Goals
• Each Month Review and Adjust

There are numerous tools to begin budgeting and to track your progress. Once you set your SMART goals, click here and if you don't have a secure account (it's free) create one so you can begin organizing your financial information.