5 Budgeting Tips for Beginners

Starting a budget can feel overwhelming, but it doesn't have to be. Here are five tips to get you started.

1. Track Everything

The first step to budgeting is knowing where your money goes. Track every expense, no matter how small.

2. Use the 50/30/20 Rule

3. Set Realistic Goals

Don't try to save 50% of your income right away. Start small and build up.

4. Review Weekly

Check your spending weekly to stay on track and make adjustments.

5. Automate Savings

Set up automatic transfers to your savings account on payday.