CHICOPEE, Mass. (Mass Appeal) – We are starting a new series on the show on Finance 101. We began with what steps you should take to create a budget. Financial Counselor Todd Christian explained.
Steps to creating a budget
1. Estimate monthly income and expenses
2. Journalize expenses for 2-3 months
3. Determine short and long term goals
4. Create an adjusted budget
5. Review your budget periodically
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