How To Control Spending With A Simple Budget

Have you wanted to manage your money better but didn’t know how to start? I know that I can do better for us, especially our kids, so they learn good habits.

I know I am not alone. Ultimately, our goal should be to reduce costs, spend smarter, save more for investing in what we value.

A budget is the most basic of financial planning tools and gives us a start to saving money in the future.

We are a consumption-oriented society,  relying on too much borrowing. Consumer spending accounts for more than  two-thirds of our gross domestic growth.

We Spend and Borrow Too Much

There are many reasons people like us  have not prepared a budget: fear, family arguments, too much work, and  it won’t work. The list can go on.

Why Aren’t Americans Budgeting More?

Fixed costs are usually periodic,  predictable, and often contractual. They are primarily inflexible  payments like rent, mortgage, car loans, insurance.

Household fixed costs

Variable costs are more flexible and often associated with personal and discretionary spending.

Household variable costs

Pay yourself first with any savings by  putting some dollars into a 401K plan. Better yet, automate amounts via  direct deposit from your paycheck.


Shelter or housing is the largest cost  factor for the average person. These costs are mortgage costs or rent,  insurance, property taxes, furniture.


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