Budget template

Making a budget might seem overwhelming at first, but hear this: You can do it. How? By breaking down the process a bit. Because no one eats an elephant by swallowing it whole. (You go one bite at a time.) And no one leaps into budgeting like a pro.

(You take it one step at a time.)

So, here we go—bite by bite, step by step. Here’s how to make a budget in five steps.

How to budget money for beginners

1. List Your Income
2. List Your Expenses
3. Subtract Expenses From Income
4. Track Your Transactions
5. Make a New Budget Before the Month Begins

What Is a Budget?

Real quick though, let’s define the word budget.

A budget is just a plan. It’s not a restriction on spending—it’s a plan for what you’ll do with your money. It’s a plan for what’s coming in and what’s going out.

When you learn how to make a budget—and do it every month—you’re giving your money purpose.

You’re taking control.

How can a budget help you reach your financial goals?

Goodbye, money anxiety. Hello, money goals.

Keep reading to see how to make it happen so you can make a budget that works for you.

How

how often should you budget your money

how will you budget your income