How Would You Start A Plan To Budget Your Finances?

Step 1. Gather all your records. Looking at cash on hand, bank books and credit card receipts; can you see where your money is going? If not, but a notebook and start writing everything down. (If I write everything done, my budget works quite easily.)
Step 2. Calculate your net worth. It’s that cash and savings, less any debt owed. As you get income in, you should see your net worth go up.
Step 3. List your monthly expenses. I use the following categories:
Food and Entertainment
Car and Transportation
Clothing and Medical
Miscellaneous
Hobby
Phone
Charity
Trips and gifts
Housing, Furniture and Utilities
Taxes
Minimum loan payments
Does your income exceed your expense? Then work on those loans. If your expenses exceed your income, is this temporary or do you need to take drastic measures?

Keep track of all your expenses in a spreadsheet. Make a column for each category of expenses: Rent, utilities, telephone, groceries, eating out, fuel, car pmts, etc. Keep all receipts and enter your expenses in the spreadsheet. At the end of each month add up the columns and examine them. After 3-4 months of this you will start seeing where you are spending your money, and will be able to decide where to cut down.
You will soon be able to reorganize your budget into a more meaningful form.

only buy what you have money you have . if it cost more than you have or want to pay for item . just think if you buy it with a credit card it will cost you twice as much or more and then you start living on next weeks money that is not yours yet. living in the future .. it will get you in a hole you can not get out of. only buy stuff with cash.. it cost less that way and you will have more stuff and feel good about it cause you can brag about what deals you got. you paid so much less than your friends and you are not in debt and paying interest. paying interest is buying stuff and never bringing it home. paying interest is like taking 20 bucks and throwing it away ,you get nothing for it. you all ways want to get something for money spent.and interest will cause you so much more than 20 bucks a week it will be more and you will have nothing to show for it. thank you