Many people don't have a clear idea of where their money goes until they start tracking their spending. They are usually surprised at how much they spend in certain categories. Once you've got the budgeting process in place, take an in-depth look at your largest spending categories. Don't overlook the smaller spending categories either. Sometimes these are the easiest to reduce because the spending may be more optional.
Small amounts can add up quickly.
Cutting costs can be very rewarding, especially as you see your savings grow. Following a budget can set you free from the burden of debt and the constant worry that you won't be able to obtain your financial goals. Click here to see how your budget compares to the recommended guidelines .