How do you make and keep to a budget? Tools and Ideas!

Budgeting is a skill like most other things in life. Living on a budget takes time, practice, and a good bit of failure. As you create a budget and plan for spending one important reminder is that the best tool for your budget is the one that keeps you on a budget.

Some folks will do really well with a spreadsheet where they track every dollar spent. Others need the accountability of an app. Others might need a coach or a friend that has view access to their transactions to hold them accountable.

Regardless of the method you choose, it is important to always start with why you need a budget. Join us as we explore making and keeping a budget.

Spreadsheet Budget Templates - https://www.nerdwallet.com/article/finance/free-budget-spreadsheets-templates

Budget Apps - https://www.nerdwallet.com/article/finance/best-budget-apps

Envelope Budgeting - https://www.thebalancemoney.com/what-is-envelope-budgeting-1293682

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.