Over the past 10 years of teaching people how to manage money, I’ve discovered that the biggest stumbling block for most people is that they have never been properly taught how to do a budget.
If we think about it, that actually makes sense.
Learning how to do a budget isn’t taught in high school.
Learning how to do a budget isn’t taught in college.
Learning how to do a budget isn’t even taught by most parents to their kids.
And yet, when we become adults, we’re somehow expected to get jobs, start making money, and magically know how to manage our money well.
Luckily, learning how to do a budget is something that anybody can learn.
Whether your 15 years old or 50 years old, learning how to do a budget is a skill that only requires a bit of effort, and the math skills of a second-grader.
I created this 3-part How to Do a Budget tutorial to teach you the critical concepts you need to understand to create a successful budget.
But even more than that, I’m going to walk you through a typical month showing you how a budget works on a day-to-day basis, and why a budget is such a powerful tool to help you manage your money.
With the skills you learn here, you’ll be able to take control of your money and set financial goals that you know you’ll be able to achieve.
If you’re ready to change your financial future, then you’re in the right place.
How to Do A Budget
Part 1: The Basics
In Part 1, we’ll work through the basics of creating a budget, prioritizing our spending, and making adjustments as we spend.
How to Do A Budget: Part 1
Part 2: Monthly Budget
In Part 2, we’ll create a full monthly household budget, then spend and track our money to see how everything works.
How to Do A Budget: Part 2
Part 3: Closing Out The Month
In Part 3, we are going to see how to properly close out the budget for the month, and how to properly manage the sinking funds we have set up.
How to Do A Budget: Part 3