Has anyone ever taught you how to budget and save money? No? I figured as much.
For some reason we do not teach financial literacy here in the United States. We make sure that children leave school with a well-rounded education of course, but they never get even a basic education in finance.
The "HOW TO BUDGET" is relatively simple. Keep track of every dollar coming in and going out.
The execution of a budget is the much more complicated part.
One of the reasons that we created the Budgeting 101 page of our site, is so that everyone has access to an easy to use excel spreadsheet that does all the hard work for you. The best part, it is absolutely free for everyone!
This template should give you a great head start in trying to establish a budget and a solid base for how to budget.
As for the how to save money part, it all goes back to the budget. If you really want to save money than you must have a proper budget that has your savings goals built in. Only then can you learn how to budget AND save money.