Every budget is unique. In order for a budget to be successful, you need to understand where your money is going. Budgets are helpful when it comes to managing your bills and saving up for future expenses, but they’re also the key to spending your money confidently.
Whether you’re planning your first budget or re-evaluating your current budget, the rules listed above will set you up for success by changing the way you look at budgeting. It doesn’t matter if you manage your budget on your smartphone or if you prefer old-school pen and paper-these budgeting basics can be applied to every budgeting system.
If you would like to discuss your budget with someone, you can take advantage of the GreenPath Financial Wellness program, a free financial education and counseling program of Altra. GreenPath counselors are available Monday through Thursday 8 a.m. to 10 p.m. (EST), Friday 8 a.m. to 7 p.m. and Saturday from 9 a.m. to 6 p.m. To use this new service, simply call 1-877-337-3399 or visit them on the web at www.greenpathref.com.