I make it sound simple ... because it is. So where to start? Go grab a pen and paper, wage slips, bills, reciepts anything that will tell you where your money went for the last 10 months. Got them? Good. Now let's get going ...
1. Complete a yearly expenses list.
Include all known and anticipated expenses that you expect to see in 2010. This is going to stop you overlooking any bills, repairs, gifts, vacations etc. We are going to get them, before they get us! Add up these total expenses and divide by 12. You know have an amount you can save per month towards these.
2. Complete a monthly budget.
This will be your personal framework for telling your money where it belongs. Here is my budget that I created at Dave Ramseys, Total Money Makeover site:
Found this helpful? Check back soon for a post on matching incoming with outgoing! It'll help you avoid late fees, over-spending at the start of the month and make you feel in contol of the green stuff.