How to Create a Budget You Can Actually Stick With

Do you feel like your finances are out of control? Are you charging too much on credit cards each month? Do you feel like you are always strapped for cash? Do you sometimes wonder where you are going to come up with enough money to pay your bills? If any of these describe your financial situation, putting a budget in place may help you. Here are five easy steps to take to start the process of creating a family budget that you can stick with.

The best way to start developing a budget is to begin tracking your current spending. For the next month, track every cash and credit card expenditure – some people prefer paper tracking, but there are many online and app-based trackers available to help you. This will give you the most accurate picture of where your money is currently going and will be very helpful later on in deciding what spending habits you may be able to reduce or cut out altogether. (For more, see: 6 Budget Must-Haves.)

Get an Accurate Picture of Your Income and Expenses

This is truly the first step in developing a budget. You need to know how much