Money Wellnes: Budgeting

Budgeting can actually increase the money you have coming in and is the foundation to getting a handle on monthly spending. It’s the key to finding money to put toward your financial goals, from getting out of debt to buying a home or taking a vacation. The first step is knowing where your money is going and how much money is coming in each month and what it truly takes to cover your expenses. Look for budgeting tools to give you new insights—there are free apps that help with tracking. Ideally, you should have money left over once all of your expenses are deducted. This isn't money you should just spend, however. This money can be used to build your emergency savings fund, pay down debt, or fund another financial goal. For more information follow UGA Extension or these links: https://secure.caes.uga.edu/extension/publications/files/pdf/C%201044_4.PDF https://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting