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Dive into a digital finance manager, excel sheets, worksheets and a homemade bill binder. According to a Gallup survey , only one in three Americans prepares a detailed household budget. Like Dave Ramsey , a personal finance expert, says: “A budget is telling your money where to go instead of wondering where it went.”
Whether you’ve just started your first part-time job or want to make better use of an allowance, learning how to budget your money as a teen can help you get more out of your money. Budgeting doesn’t just help you save money or buy the things you want, either. The good news is, creating a budget doesn’t have to be complicated.
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Imagine if you stepped back and planned out your week with your partner at home, spending an hour every week on a meeting where you focus on three core components of household life: finance, food, and family. You’d be able to plan meals based on schedules and avoid the last-minute runs to the supermarket or fast food restaurant.
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