5 Easy Steps to Making a Budget Plan

Materials: Notebook, Pencil,

Step 1) Figure out the amount of total income from all sources weekly.

Step 2) Each week list the items that are needs under the word needs in your notebook. Be sure to include the approximate cost next to each need,

Step 3) Next, list the items that are wanted (items not necessarily needed) under the word wants in your notebook. Again, record the approximate cost of each item.

Step 4) On the left side of your notebook list all of the items that are being saved for at the moment. Record the price needed to purchase each item.

Step 5) Subtract the cost of your needs from the total income. Then, decide to spend what is left on your wants or save the rest of your money.