I know a lot of people that want to save money this year and I think that is great! The goal may be different from person to person. Maybe you want to get out of debt, save for a vacation, or get that new TV you have been wanting. Whatever your reason is, the best way to even start saving for your goal is to make a budget.
This doesn’t have to be complicated. It can be as simple as you want to make it. You can create weekly, monthly or even yearly budgets. My advice would be to create a monthly budget. It is the easiest one to keep track of and you can have them vary between the winter and summer months when your utility costs will be different. Choose a way that will be easy for you to stay organized. You can use a simple Excel spreadsheet or use budgeting software. I recommend using Mint.com or LearnVest as they are easy and free. You can even go old school with a pen and paper if that is your style. Now that you have your options, let’s sit down and see how to make a budget for each month. I will use examples along the way.