To begin managing your financial situation, you have to have some idea of your financial situation. What does this mean? You need to understand how much money you have going out every month - for bills, mortgage, groceries, tuition, etc; and, of course, you have to know how much you have coming in - from salaries, gifts, and more.
You really can't begin budgeting without these essential facts. There are many ways, today, to figure out your expenses using an Excel program or another budgeting program on the computer. If you are married, sit down together with your spouse and take an honest stock of everything that you have.
Then, you'll be able to honestly look at everything that you are spending money on to see if there are places that you can cut corners. You'll be able to see, as well, if you are falling short at the end of the month for a specific reason.
Taking stock is the first - and most vital step - to creating a stronger financial footing in the home.
