5 Steps to get started with a budget…

…even if we’re more than half way through the month. It’s past the 15th and do you know how much money you’ve spent this month? Do you how much you have left to spend in each area (food, entertainment, gas etc) for the remainder of the month?


So I’m going to update my budget tonight, before the week starts.

STARTING is the best thing you can do. And, starting NOW. Since you just have a bit over two weeks worth of spending history, it’s a good time to get this info and not let it go to complete waste.

P.S. If you plan to attend my Live Online Budgeting Workshop next Monday, I’m going to have you do this, so you could just get a head start.

Here’s 5 Steps To Help You Get Started:

  1. Log in to your bank account (scary I know).

  2. Go back to Feb 1 and line by line, start tabulating how much you have spent on Eating Out, Home Expenses: Rent/Mortgage, Utilities, Cable etc., Gas for your car, Shopping…and so on. (PRO TIP: Do this in excel so you can keep track of the different categories and so it adds it all up for you).

  3. Congrats! You now know more than most people do—-how much you are actually spending! And you have the shell of a budget already created (assuming you did it in excel).

  4. Decide if the things you TRULY value are reflected in the charges.

  5. Based on that whether or not your bank account is a reflection of the things you value spending $ on, decide how you want to spend/not spend in each category the rest of the month (considering the income you are expecting to come in).

Now that you’ve added up your history to date maybe can’t believe how much you have spent on eating out this or at Target this month already? You are now in a more informed position to begin making some new choices for what remains of the month. You got this!!