Simple Budget Tips

Budget— it’s a word we have heard used since we were little, and we all know it’s important, but what exactly is it and how do we put it into action.

According to, building a budget is “the act of combining your income and expenses so that you can decide how much money you are going to spend before you actually spend the money.”

A budget helps you boost your savings potential and sets you ahead in the long run– here’s how to start.

No. 1: Create your budget–This is the first step in becoming financially responsible


No. 2: Know your habits– To create a budget you must first know what your expenses are for a month. Save and categorize your receipts for a month to figure out just what you spend your money on.

Try the Citizens Bank MoneyHelp Budget Planner to get you started.


No. 3: Avoid the red– If you notice your spending exceeds your earning then look for ways to cut costs.


No. 4: Expect the unexpected– Set aside some money each month for unexpected costs and emergencies.

“Once I got two flat tires in one week. Needless to say I was relieved I had extra money set aside for emergencies.”

No. 5: Don’t give up– Making a budget and sticking to it are two totally different things. Stick to it and soon you will be in control of your finances instead of at the mercy of your finances!

Check out these additional budgeting and money saving resources

Online and mobile budget App

Money saving tips for college students

Sample monthly budget

Melanie Lovejoy
College Works Painting

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