A budget is the cornerstone of responsible financial planning. It shows exactly how much money you have and where it’s being spent. A budget can help you find ways to save money and plan for the future. A budget is also the means of finding ways on how to get out of debt. Therefore a refresher on key budgeting tips and resources is always helpful.
Refresher on Key Budgeting Tips
It is important to understand helpful resources, tips, and tools to help you understand and create a successful budget. One thing you can do for free assistance with your budget is to speak with a professional resource. You can speak with a certified counselor at ACCC about your budget. They will offer you a great refresher on key budgeting tips and tools, as well as debt advice.
Knowing your expenses is a key component in your budgeting and debt relief process. How much do you bring home? What are your expense categories? How much consumer debt do you have to pay off? Documenting these expenses and income helps in the process. In order to do so, ACCC has a number of useful resources and DIY worksheets.
The worksheets help you outline your budget and customize a spending plan based on your income and needs. By putting your budget together on a worksheet, it’ll be easier for you to make the right financial decisions.
- Daily Expense Tracking Worksheet (Excel)
- Daily Expense Tracking Worksheet (pdf)
- Household Budgeting Worksheet (pdf)
- Household Budgeting Worksheet (Excel)
Periodically reviewing your budget is also important when it comes to a refresher on key budgeting tips. Your circumstances can change. You may have more trouble now than it was when it comes to credit card payoff.
Your commitment to sticking with your budget is also important. If you are headed towards overspending in one financial category, your budget will help you realize that sooner than later. You can take the necessary steps and cut back on your spending on another category.
If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.