You CAN budget when money is tight with just a few simple steps!
It is absolutely possibly and vital to have a budget during this tough time and I’m here to show you how you can budget when money is tight with just a few simple steps!
I have been there too and have found that the most successful way to budget when money is tight is to prioritize your expenses.
First, make sure your food, lights/water, housing, and transportation are paid. Then ordering every other expense by priority of what gets paid next.
A prioritized budget lists all your income and expenses, so you can give every dollar an assignment before the month begins.
Knowing where your money is going and having a plan to pay the most important items first helps decrease the stress of having a tight budget, making it easier to see where you can trim any extra expenses to create more financial margin.
Finally, another important piece to help when money is tight, is to find ways to bring in extra income. Increasing your income, even just a little bit, can make a huge impact on your financial dreams.
You got this!!
How to prioritize your budget
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You CAN budget successfully, even when money is tight! A budget is going to be the best tool to help you live well on a tight income so you can reach your money dreams.