Create an Accountability plan You don’t have to call it a budget. Many financial experts refer to budgets as a “savings and spending plan” or “cash-flow management” to focus on being in control of your spending. Pick a method that’s right for you. Some people prefer the discipline of a detailed spending plan that tracks …
Choose a system to determine how you will track the budgetary information, whether it’s paper and pencil, an Excel spreadsheet, or a personal finance software package. Choose a system to determine how Determine your income from various sources, including gross salaries and wages, bonuses, interest and dividend income, pension or Social Security income, tax refunds, …
