Yusra3
VIP Contributor
There's a lot to keep track of when you've got a family, and it can be hard to find the time to do it all. But that doesn't mean you should go without a budget at least not until after the end of days!
Creating a biweekly budget is one of the best ways to stay on top of everything that's happening in your home and make sure you're getting what you need. It's also just really easy: all you have to do is follow these five simple steps.
1. Find out where your money is going. This means tracking down receipts, keeping track of spending, and comparing month-to-month trends (if you haven't already). It sounds like a lot, but once you start keeping records, it'll feel like second nature!
2. Create categories for each account. this will help you see what exactly each expense goes towards and how much it costs overall (or doesn't cost at all!). You can even use different colors or symbols so they're easy to spot from across the room!
3. Notice how much money you're spending each week on these expenses and how much of that money goes toward paying for things like rent or utilities, as well as savings accounts, retirement funds, and other investments? That's the amount of money you should allocate to those specific categories in your biweekly budget.
4. Decide how often you'd like to pay off debts using this money every two weeks? Every three months? Paying off one credit card every month would probably work best if that's what works for you personally!
5. Stick with that plan until it becomes second nature!
Creating a biweekly budget is one of the best ways to stay on top of everything that's happening in your home and make sure you're getting what you need. It's also just really easy: all you have to do is follow these five simple steps.
1. Find out where your money is going. This means tracking down receipts, keeping track of spending, and comparing month-to-month trends (if you haven't already). It sounds like a lot, but once you start keeping records, it'll feel like second nature!
2. Create categories for each account. this will help you see what exactly each expense goes towards and how much it costs overall (or doesn't cost at all!). You can even use different colors or symbols so they're easy to spot from across the room!
3. Notice how much money you're spending each week on these expenses and how much of that money goes toward paying for things like rent or utilities, as well as savings accounts, retirement funds, and other investments? That's the amount of money you should allocate to those specific categories in your biweekly budget.
4. Decide how often you'd like to pay off debts using this money every two weeks? Every three months? Paying off one credit card every month would probably work best if that's what works for you personally!
5. Stick with that plan until it becomes second nature!
