The New Year is a great time to take stock of your finances and set goals for the coming year and beyond. No matter your income, making a budget can help you achieve those goals and make you feel more in charge of where your money goes.
However, for many people, making a budget can seem like a daunting task. You may feel like you can’t account for everything you spend money on or that staying within your income is hard enough. Using the cash flow worksheet in Your Finance Action Plan can make tracking your expenses less overwhelming (the article as a whole is also a great resource for anyone making a budget).
Other helpful UF/IFAS resources for the budgeter include
- Building a Spending Plan: Step 1—What Are Your Goals?
- Financial Recordkeeping: Organizing Your Financial Life
- Cutting Costs to Live Within Your Income
- Consumer Debt Management Options