Easy Ways to Get Your Budget Under Control
- Get your budget under control in 3 easy steps
- Types of budgets you can follow to get your spending under control
- Budgeting apps to help you stay on track
- Pros and cons of budgeting
- The bottom line
Get your budget under control in 3 easy steps
Step 1: Figure out your net income
- Paid twice a month. Simply add up the two paycheck amounts (post-tax) you receive during the month to calculate your net income.
- Paid every other week. Multiply your paycheck amount (post-tax) by two to get your net income. Keep in mind, you’ll be paid three times in one month twice a year. Figure out which months this will happen in and multiply your paycheck amount these months by three instead of two.
- Paid weekly. Multiply your paycheck amount (post-tax) by four.
Step 2: Determine your monthly expenses
- Rent or mortgage payment
- Cell phone and internet bills
- Medical bills
- Student loans
- Other loans
- Credit card payments (minimums)
- Gas/transportation costs
Step 3: Track your spending
Types of budgets you can follow to get your spending under control
The 50/30/20 budgeting strategy
|Utilities (gas, electric, and water)||$240|
|Credit Card Debt||$120|
Separate bank accounts
Budgeting apps to help you stay on track
Mint - best overall
You Need a Budget - best for zero-based budgeting
PocketGuard - best for overspenders
mvelopes - best for envelope system fans
Pros and cons of budgeting
Insight into where your money is going
Ability to maintain savings
Might encourage overspending
The bottom line
Reclaim Up to $610/Year in Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But, who has the time to look around for around a new company?
A website called CarInsurance.net makes it super easy to see if you’re getting the lowest price. All you have to do is enter your ZIP code and your age, and it’ll show you your options.
Using CarInsurance.net, people have saved up to $610 a year.
It takes just a few minutes to see how much CarInsurance.net could put back in your pocket. And the best part? Because we’re driving less, some insurers are slashing prices this month.