Add up your monthly “nice-to-have” expensesįinally, you’ll want to add up your “nice-to-have” subscriptions and other expenses. If you add everything up and your expenses are higher than your income, don’t give up! A simple budget is one of the best tools you can use to turn your personal finances around.Īfter you create your budget, this guide will walk you through some helpful tips for making ends meet and even getting ahead. These are also known as “non-discretionary expenses” or “fixed expenses.”Īs you add up these expenses, be sure to think about things you might only pay for once every three months, every six months, or even every year.įor example, if you save money by paying your entire car insurance premium every 6 months, remember to include one-sixth of that amount in your monthly expenses. No matter how much you love Netflix, you could pause it for a month if you had to.) In other words, “have-to” bills include anything you can’t decide to skip.
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