How to Make A Monthly Budget Work for You


1) Write your total net monthly income down.

This is your total take-home (after tax) pay for both you and, if you're married, your spouse.  If you receive income for the month, be sure to include it no matter where it comes from and how small or big.  Write it down.


2) Compile a Complete List of your Expenses.

Gather ALL of your Loans (including Credit Cards, Student Loans, & Personal Loans), Regular Monthly Bills (Mortgage/Rent, Electricity, Water, etc.), Irregular Bills (Car Registration, Auto Insurance, etc.), and your Financial Statements (Checking & Savings Accounts, Retirement Statements, etc.).  Once all of this information is compiled, total your other expenses like food, gas, entertainment plus any additional money spent.


3) Subtract expenses from income to equal zero.

This is called a zero-based budget, meaning your income minus your expenses should equal zero. If you're over or under, check your math or simply return to the previous step and try again.


4) Track your expenses throughout the month.

Once you start the budget, you'll still need to stay on top of your expenses. The good news is that EveryDollar makes tracking your expenses (and budgeting for them) extremely easy. Visit EveryDollar.com to learn more!

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Whether via digital, or on a piece of paper, we have the tools for you.


EveryDollar Budget

Create a budget and track spending in minutes from your computer and phone with EveryDollar, a very straight forward and easy-to-use tool developed by Dave Ramsey's Lampo Licensing, LLC.  EveryDollar takes care of the math—no calculators, spreadsheets, or pen and paper needed!

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