5 Simple Budgeting Tips | Kerishco Financial Services
If managing your money feels overwhelming, you’re not alone. The good news is that you don’t need complicated spreadsheets or fancy software to get started. These five simple budgeting tips will help you take control of your finances and set you up for success.
Learn 5 simple budgeting tips to help you manage your money, save more, and stress less.
1. Track Every Dollar
For one month, write down every single expense — even the small ones. This helps you see where your money is really going.
2. Separate Needs from Wants
Ask yourself: Do I need this, or do I just want it? Cutting back on non‑essentials frees up cash for your goals.
3. Automate Your Savings
Set up an automatic transfer to your savings account every payday — even if it’s just $10.
4. Use the 50/30/20 Rule
Spend 50% of your income on needs, 30% on wants, and 20% on savings and debt repayment.
5. Review Your Budget Monthly
Life changes — so should your budget. Adjust your plan every month to stay on track.
Conclusion:
Budgeting doesn’t have to be hard. With these five tips, you’ll gain confidence, control, and a clear path to your financial goals.
