Budgeting Basics

<p style="text-align:left;">Do you find budgeting intimidating, confusing, or maybe just boring? Don’t let emotional dread of budgeting hold you back from taking control of your finances. In this episode we break budgeting down to its basics so you will learn how to easily create one, what line items you should be including, and ways to stay on track once it’s established.</p> <p style="text-align:left;">Notes & Links:</p> <ul><li style="text-align:left;">Use our <a href='https://mcdn.podbean.com/mf/web/a83ihz/Budeting_Sheet.pdf'>budget sheet</a> to write in and add up all your monthly expenses to make sure every dollar has an allocation. View our <a href='https://mcdn.podbean.com/mf/web/2225cn/Budeting_Sheet_-_Sample.pdf'>sample sheet</a> for assistance.</li> <li style="text-align:left;">Take your budget digital. Try out some budgeting apps like the ones below: <ul><li><a href='https://www.everydollar.com/'>Every Dollar</a></li> <li><a href='https://apps.apple.com/us/app/bills-manager-and-reminder/id834370671'>Bills Manager</a></li> <li><a href='https://debt-payoff-planner.com/'>Debt Payoff Planner</a></li> <li><a href='https://apps.apple.com/us/app/balance-my-checkbook/id659063449'>Balance Check Book</a></li> </ul> </li> <li style="text-align:left;">Remember that your two largest expenses are most likely to be your house and car. Rule of thumb: Your house payment should be less than 25% of your net monthly income and the total value of all your vehicles should be less than 50% of your net annual income.</li> <li style="text-align:left;">Learn more about our <a href='https://www.trianglecu.org/home/personal/online/moneymanagement'>Money Management</a> tool within online banking for integrated goal tracking and budgeting capabilities.</li> <li style="text-align:left;">Interested in more financial education? Check out our <a href='https://www.trianglecu.org/home/benefits/events'>upcoming events</a> with a running list of educational seminars on a variety of financial topics.</li> <li style="