Eight Easy Steps to Setting Up a Budget
- Track all your spending for one month.
- At the end of the month, categorize everything and add it up.
- Take a long hard look at where your money is going.
- Set a goal to cut back in certain areas.
- List three things you can do to cut back in one category (for example, if you wanted to save money on gas)
- Walk any place within a mile of your house
- Car pool to work once per week
- Turn off your engine if you are sitting for more than one minute
- Try your listed things for one month.
- Once they become habit, move on to another category
- Repeat steps 1 through 7.
Shari Storm worked at the debt counseling agency, Consumer Credit Counseling Service of Seattle for six years before coming to Verity Credit Union in 1998. Storm has her masters degree in business administration from Seattle University. She writes for Working Mother Magazine blog and MomLogic.
She is a mentor for Seattle University’s Albers School of Business graduate program and lectures at University of Washington’s Experimental College.
She is the author of Motherhood is the New MBA: Using Your Parenting Skills to be a Better Boss. She has three daughters.
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