You can find multiple ways to save money on almost everything that you purchase. Before you’re ready to save money on purchases, you need to keep track of your money to understand and recognize where you spend your money. We suggest that you consider taking a financial education course or talk to a financial coach when establishing a spending plan.
To help you track your monthly expenses and understand where you spend your money, download the Daily Spending Diary. Once you track expenses for a month, you can then place them in the monthly Tracking Your Expenses Worksheet. A budget shows how much money you make (income) and allots amounts for expenses. Once your budget is complete, you can assess your financial situation and identify items that need to be adjusted. Below you will find some online budgeting tools and information:
Do you want easy access to an online budget that tracks spending, sends alerts and reviews credit for free?