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Before you’re able to learn how to budget your money you’ll actually need to know what a budget is. Many people will think they know a budget and what it takes but many don’t know the depth and breadth of what it is.
The money that is coming in and going out to pay your bills is what is going to need to be budgeted. A budget is an estimate which is more than often itemized of your expected income and the expenses going out for any given time period. The budget is usually done yearly and monthly though some people will find it necessary to do things weekly.
Your budget is going to include things like:
•    Mortgage/rent
•    Lights
•    Utilities
When you learn how to budget your money it’ll be much easier to see how much money you’re going to have left over to put into an emergency fund or spend on something that you really want.

Additionally, setting up a budget is going to give you a key understanding of the money that you’re spending each month so you’ll know what you can spend once you get it under control and where exactly all of your money is going. When you start to track you might find yourself very surprised.
The following are 4 steps that you can take to start to get your budget going and your money under control.
Gather Your Bills
You’ll need to gather all of your bills for the month. This is a very important step when it comes to learning how to budget your money and get your spending under control and learning how to spend as a more effective person.
You’ll need to gather all of the statements specifically as you’re going to need to know the exact amount hat you owe, the balance and the date that it is due. You’ll need this information so you’ll know the money that you’re going to need to pay and what bills are due at what time of the money so you can know what check you’re going to need to pay what out of.
Gather All Income Sources
Gather all of your paystubs and if you have more forms of income you’ll want to make sure that you gather all of those as well. You need to know how much money you’re bringing in and the dates that you will get paid each month.
You’ll want to track the pay dates for the entire year even if you are doing your budget on a month to month.
Organize Your Bills by Due Date
The next step is to put all of your bills out in the order that they are due. Put the ones that are due at the end of the month at the bottom and work your way up so you’ll have the first due on top. If you have any bills that you don’t receive statements for like e-billing you’ll just want to print out an electronic statement or use a file card with the name of the company and the monthly payment, balance and due date.
Add To a Spreadsheet
Once you have everything organized you can begin by adding them into your spreadsheet. You’re going toned to remember the fact that you have to incorporate the bills into a check. So for example if your check is $500 you’ll need to include all of the bills that are due before the next period that will fit into this amount.
You’ll want to be sure to not forget things like groceries and gas as well as any other expenses that you’ll incur during each of the time periods of the month.
You’re on Your Way
Once you’re done with the spreadsheet you’ll be well on your way to having a great budget going. Just getting it in front of you lets you know what you’re spending your money on and will help you to know that you need to make some adjustments and will ensure that you’re paying your bills each and every month.