Create a Budget
Now that you know your financial situation (discussed in Last Thursday's post), it’s time to create a budget. A budget helps you allocate your income to meet your expenses, savings, and debt repayment goals. Here are a few steps on how to make one:
List Your Monthly Expenses: Categorize your expenses as fixed (e.g., rent or mortgage) and variable (e.g., groceries or entertainment).
Set Saving and Debt Repayment Goals: Allocate a portion of your income to savings and debt repayment. Aim for at least 20% of your income to go towards savings.
Track Your Spending: Record your expenses to ensure you’re sticking to your budget.
Adjust as Needed: Review your budget regularly and adjust as your financial situation changes.
A well-structured budget is a fundamental tool for achieving your financial goals. It helps you manage your money efficiently and ensures you’re not overspending in areas that don’t align with your goals.

Why budgets are important
Budgets are an essential tool that will help you manage your expenses and save for the future. Without a clear view of where your money is going, you could quickly find yourself knee-deep in debt.
Even if you aren’t in debt, you may run into a problem that’s harder to spot, such as not having enough money set aside for a rainy day—which can come in the form of a serious accident that causes a pile of medical bills or suddenly being laid off.
It doesn't stop there; having a budget is important beyond just during a crisis. It empowers you to control your money by knowing exactly where it's going, and it can help you reach your financial goals by encouraging smarter spending habits.
Attached below is budget spreadsheet... Take the time to fill it out (HONESTLY) and look at your current financial picture. @Everyone