The first thing to do to successfully manage your personal finances is to create a budget. This is a simple exercise, but it’s one that’s often overlooked. Use this video to help guide you in creating a basic budget. You’ll follow these four steps:
Step 1: Calculate your monthly income.
Step 2: List your monthly expenses.
Step 3: Subtract your expenses from your income.
Step 4: Set goals and allocate your additional money.