Step 1 – Figure Out Where You Are
Many people don’t know where all the money goes each month. You can simply start by keeping track of every penny you spend for a month or two. This will be the first step in formulating a budget in step number 2.
You can do this on paper (carry a notepad), use the same debit card for all purchases one month and look at the statement or use your smart phone and an app. Two of the best currently are Mint & YNAB.
Again, make sure to document EVERY expense.
