Not having a budget — or not sticking to the budget you have — means you may be spending money on things you didn’t plan to spend money on. And the more you spend, the less you’ll be able to save. Learn more about budgeting.
5 reasons to budget
- Know what you earn
- Know what you spend
- Pay bills on time
- Pay down debt
- Save for your financial goals
Key point
Even small amounts can grow substantially over time. Use this calculator to see how quickly your savings could grow.
Take action
- Gather your pay stubs, bills or receipts
- Create your budget.