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How to Budget Your Money | Budget Planning for My Money

Learn how to create a spending plan and manage your money better

In regard to budgeting money, Charles Dickens once said,

“Annual income twenty pounds, annual expenditure nineteen—result happiness. Annual income twenty pounds, annual expenditure twenty-one pounds—result misery.”

Spending more than you make can be fun for a while, but in the end, Charles Dickens is right—it can be misery-making. There is nothing fun about paying interest on money you have already spent. The good news is that life doesn’t have to be this way. If you have been spending more than you make, you can reverse the process and escape the misery. If you haven’t been overspending and you are simply trying to be pro-active and make a plan to avoid misery, then you are steps ahead. We have loads of free resources created to help you develop your own spending plan: a budget.

What is Budgeting and Why is It Important?

Budgeting is the process of creating a plan to spend your money. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

If you don't have enough money to do everything you would like to do, then you can use this planning process to prioritize your spending and focus your money on the things that are most important to you. Learn more about budgeting and why it's important.

7 Steps That Will Help You Build a Budget That Works

This is one of our most popular budgeting resources. Thousands of people have used it to learn money management basics, budget planning and how to develop a personal or household budget that works. Click here to explore the 7 steps.


Related Topics

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Money Management Tips for Teens

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More Resources

Attend a Free Online Budgeting Workshop

Budgeting Videos: How to Build a Budget That Works on Any Income

Expense Tracker (PDF or Excel)

NEW Interactive Budget Calculator Spreadsheet (Excel)

Simple Budgeting Worksheet (Excel)

Automatic Expense Tracking (

1-Page Gift Giving Planner (PDF)



This entire workbook is available as a PDF download for printing and offline reading. If you would like to obtain a printed copy of this booklet, please contact us to send you a free copy.

If you don’t have time right now to go through this workbook and are just looking for a quick overview of how budgeting works, click on the link below to get a highly summarized version of how to get started budgeting your money.

7 Steps to a Budget Made Easy

This is a quick way to get started with your budget. It will give you some guidelines of what
it takes to design a budget that will work. If you want more details, try our budgeting workbook 7 Steps that will help you build a budget that works.

What if I’m facing reduced income? What should I do?

If you are facing a reduction in your income, it is important to take some immediate steps to help survive these difficult times. If you don’t, you could be looking at financial disaster. This is an overview of what you should consider doing to make the best of your situation and hopefully make this difficult period a little more manageable.

What if I have really low income or no income at all? What can I do?

If you don’t know if you will have enough money to pay the rent this month or buy groceries, this can be one of the most difficult situations that someone can find themselves in. If this is happening to you or someone you know, here are some important points to consider.

Personal Money Management & Budgeting Course Video:
How to Build a Budget That Works on Any Income | Free Online Course

Budgeting and Personal Money Management Video Series. Learn how to track your spending, plan your spending, and control your impulse spending

If you need more budgeting or debt help, here is where you can find personalized help—usually for free.

You can also learn more by attending a Money Management, Budgeting, or Credit Course in person.