Creating a budget

Creating a budget is critical to keeping your house in order. If you are like me and have a family, then you need a budget. To create a budget you need to find out how much money you are spending out every month.

Start off with your fix bills, these are the bills that provide a the basics, such as shelter, food and transportation. Once you figure out how much these bills are you can start to build a budget.

Next you would need to figure out how much you spend on your non-essential bills, such as gym memberships, club fees, cable/satellite, cellphone and phone house bill,internet bill, etc. These are usually luxury bills you can cut.

Once you figure out the amount you pay out then you can figure out a budget. I recommend setting a budget every month. For the first couple of months you may underestimate your budget, its okay because you are in the trial phase trying to figure out your bills.

After you created a budget every adult in the house are happy with you can start cutting things you feel you don't need from your budget. Also you can adjust budget as needed.