Looking for an effective way to establish a budget?

10277755_10152758914789727_1432378290758667056_nBeginning on the first day of a new month, get a receipt for everything you purchase. Save and review receipts at the end of the month.

Categorize each expenditure (i.e. groceries, dining out, auto fuel, clothes, etc.) and then total up each category. You will clearly be able to see where your money is going!

According to MilitarySaves.org, 33% of Americans spend more than they earn. The first step to eliminating debt is to stop borrowing & make a budget.

If you have Microsoft Excel, you can use our budget spreadsheet to enter those expenditure categories, your income information from your LES, and your bills for debt (credit cards & loans). Before you know it you have built a report of your finances for that month and can adjust your spending to create a future budget.

Visit our Budgeting Page for a link to our budget spreadsheet and information on recommended spending ratios.