I use a timer like this.īy using a timer for all your daily tasks, you get it done. I would suggest you don’t use your phone because you might be tempted to get distracted and your goal is to save time.

I’m going to break down how to set up your budget into really easy, simple steps. If you are a reader, let me share some of my favorite reads to help you with your money-mindset. Once you create your first budget, you can do a follow-up one each month in under 15 minutes by using the free monthly budget printable worksheet. This will save you time and money by planning your month in advance. Please see my disclosure policy for details How to Create An Easy Monthly Budget If you make a purchase, I get a small commission. There is no excuse not to get educated anymore. We didn’t have podcasts or Facebook back then to gather all the information and knowledge that is available now. I didn’t understand that once you charged more than 30% of the limit your fico score would decline.

It didn’t take long for the balance to rise, which is when I started understanding how the balance reflects in your credit report.Īfter a while, we got a raise and we thought we could buy more on the credit card and it didn’t take long for the balance to max out. You were probably so excited and thought this was it, you finally had it all.Īfter we got married and we wanted a few nice things for the house was when I started keeping a balance on our card. I bet you will never forget turning 18 and you received your first Credit Card Invitation.

Whatever your background and circumstances, you are at that crossroads right now (since you are reading this) and you have a choice!Īre you going to change your life and be in control of your finances or are you going to let your money control you? You have to change something to have something change! You grew up, just waiting to get out of a bad situation and wanted to be on your own and have a small apartment, a pet, a child, etc. You maybe dreamt of traveling all over the world. You, probably like me, dreamt of the beautiful home, bought by your spouse who literally swept you off your feet, with the white picket fence, and 2.5 children. When you were younger you probably had dreams about what life would be like when you would become an adult. Monthly Budget First Step: Fix Your Mindsetīefore we even get to talking about the technical parts of setting up your budget, you need to establish your budget mindset.

Easy budgeting worksheets free