To begin a budget, have a budget meeting every month and determine where your money is going the next month. Every month is key, as cash flows will change on a monthly basis. Once a budget has been completed the next key will be to tack the expenses - are things working out as planned? Do they need to be adjusted?
There are many benefits of completing a personal budget. A long term benefit is the ability to plan the future. To get started on a personal budget, there are many web sites and self help books. Some find the benefit of a Financial Coach. To explore coaching opportunities, contact today.