Step 1: Create and Maintain a Budget The first step to avoiding the troubles of financial debt is, to create and maintain a budget. It is not as intimidating as it sounds, do not worry. First off, create a list of all your monthly income and also a list of your monthly expenses.

1. Super Simple Money Saving Tips
•The first step to avoiding the troubles of
financial debt is, to create and maintain a
budget.
•It is not as intimidating as it sounds, do
not worry.
•First off, create a list of all your monthly
income and also a list of your monthly
expenses.

2. Super Simple Money Saving Tips
• When determining income, list all sources,
including alimony, child support, side jobs, etc.
• In calculating expenses, be sure to include
housing, food, transportation, utilities,
entertainment.
• To gain an accurate reflection, of actual
expenses, sit down each night and write down
expenses, just make sure to save receipts.

3. Super Simple Money Saving Tips
• Determine if your income covers all of your
expenses.
• If the answer is no, then some expenses need
to be reduced. Adjust expenses.
• If it is a small discrepancy, it may mean
reducing some minor expenses like
entertainment or cell phone plan.

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• If the deficit is larger, you may need to down
size your vehicle or living arrangments.
• If your income covers all of your expenses, you
still may want to trim some of the excess fat,
off your spending habits.
• This can free up extra money for things such
as vacations or college funds for your children.

5. Super Simple Money Saving Tips
• Additionally, consider if you need to add new
categories.
• Some areas that are often over looked are, debt
reduction, emergency savings funds, and
retirement savings.
• An emergency fund, ensures there is an adequate
amount available to cover unforeseen events,
(car emergency, etc), should it arise.
• This will eliminate the need for using credit,
which can quickly damage your budget.

6. Super Simple Money Saving Tips
• There are several advantages to sticking to
your budget.
• Firstly, most people have set financial goals
that they would like to reach in the future.
• Sometimes it may be a trip, a brand new car,
or a college education.
• A budget can help people save money to make
these goals a reality.

7. Super Simple Money Saving Tips
• Additionally, many people are crushed under heavy,
consumer debt.
• Without a disciplined pattern of spending, it is virtually
impossible to make much headway, in reducing debt.
• A personal budget, will provide the necessary
framework, to begin eliminating these inflated,
account balances.
• If executed properly, a budget will allow a person to
simultaneously meet their expenses, place money into
savings, and pay back outstanding debts.
• Therefore, it is anyones best interest to create and
implement a budget.

8. Super Simple Money Saving Tips
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