Budgeting Basics: How to Create a Budget and Spending Plan

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Budgeting is hard and sticking to your budget is even harder. That's why you don't need a budget, but a spending plan instead! Family finance expert Erica Sandberg explains some quick tips for tightening your family's budget with a spending plan that focuses on key areas.

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hi this is Eric standard for goldfish
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we all over far too hard to raise %uh
red said are things that we don't need
don't want let's try firefighters
this is my best ways to set first way
is to make a budget I who wants to make
a fight
right let's call the spending plan list
ever you spend your money on a monthly
basis
and make copies for all members of your
family because I'd like to make
pass it around ask for their and how day
26 cents
things that they would like to keep what
are the things they can do without
it's really great have everybody just
give their opinion focus such
areas grocers Chris Kaeser a major
expense for most american families
of course we on the TE here so I think
is standing down is still well have you
considered
yeah Terry and I it maybe once or twice
a week
me candy absolute fortune get world it's
also help
another way courses to reduce eating out
a lot of
associate time out with fast fast
can be a fortune to he taxin ask for
packaged goods and prepared foods
expenses
yeah major by bet it's this is due
online shopping
most major supermarkets office terrific
way
having a meal plan I up with that
possibility you
walking through the aisles seen
something that she didn't even Watch the
Throne your car
anyway they also offer really great
online discounts and coupons
cable internet cell phone think bombs
away
if there's weighty get although services
to get
usually get a terrific discount also
nations happen most
updated plans if you've got some plans
brown
three years ago chances are you're
paying too much finally to you
II a lot lurking is taking
about a hundred dollars it we also 14 on
entertainment yes that includes things
like movies
just going out have hit the ball forget
about it
when was the last time visited your
local library guess what
it's still pretty and freeze favor
you can print out movies books ctas
games there's a whole host of reading
the get annoyed kids can be a major
expense from
people especially if you have a large
family or my friends
one by yes is different get gift cards
yeah gift card for everybody seems to
adore
idea why his gift card can farm shop
they're sick knows exactly how much is
spent on so
10+2 on some are a little bit he'd like
to spend twenty dollars for a gay
the end up staying 30 or 40 or more
because the scene cheap
top getting kicked finally
insurance shop around fridge West here
its and maisy- how much this could be
acting
your health care plan to your automobile
to homeowners insurance
shop around very the change
could be eligible for an much much
better rate
lights purchase you made to determine
what's for Sydney
not everything is important make sure
that every time
Thank You Think 2x and make a
determination whether or not
really spend the cash this week keep
more money in your wallet
and forget about the credit cards credit
cards to rate their
wonderful tools however we do have a
tendency
overspent because that is a classic is
in your wallet
keep 20 this is Erica Sandberg for gold
Inc
restock on on