move your money

Budget & Plan

easily track your money with the formula

Is it about time you get the results you’ve been working so hard for but haven’t seen the payoff yet?

Because let’s face it, there’s nothing more discouraging than knowing what you want but not how to get there…

If you’re aspiring to elevate your lifestyle without elevating your expenses, you’re going to want to check out the budget template.

budgeting 101

Priceless answer

A budget is a plan for managing your income and expenses, enabling you to live within your means, save money, and achieve your financial aspirations.

A budget is like your financial roadmap. It outlines your income sources — like your paycheck or earnings from side gigs — and your expenses, which can range from rent and groceries to occasional treats. It’s a tool to help you make the most of every dollar, ensuring that your spending aligns with your priorities and goals.

Priceless answer

Start by listing all your sources of income and every expense you can think of, no matter how small. Categorize your expenses and align them with your income.

Starting a budget is like learning a new recipe. Gather all your ingredients — in this case, your income and expenses. Write down how much money you receive each month and track where you spend it, including bills and discretionary purchases. With this info, you’ll create categories and assign a spending limit to each, ensuring you’re not spending more than you’re earning.

Priceless answer

Take it step by step. Use our free tools and calculators to simplify the process, and remember, it’s about progress, not perfection.

If the thought of budgeting seems daunting, treat it like a new fitness routine — start with small, manageable steps. Use our free tools and calculators to simplify the process. Just as you might track your steps or calories, track your spending and savings. As you get comfortable, you can add more complex budgeting techniques.

Priceless answer

A monthly review is ideal, but you may want to check it weekly as you’re getting started to make quick adjustments.

Your budget needs regular check-ins, much like a garden needs tending. A monthly review is standard, but if you’re just starting out, you might want to do it weekly to catch any issues early. It’s about ensuring your financial plan is growing healthily and adjusting as needed.

Priceless answer

Absolutely. Budgeting can provide a clear picture of where your money is going and help you find ways to save and reduce unnecessary expenses.

Budgeting can be a lifeline when you’re living paycheck to paycheck. It helps illuminate where every dollar is going, which can reveal surprising opportunities to save. Think of it as a diagnostic tool that helps you find financial leaks and patch them up, freeing up more money that can be steered towards savings or reducing debt.

Popular budgeting apps

How planning Works

money tree method Explained

It’s the unique financial planning approach designed to deepen your roots, strengthen your core, and expand your wealth.

Step 1 – Plant Your Seed

Kickstart your financial growth by embracing a learning mindset. Absorb knowledge from top finance books and influencers.

plant your seed

Step 2 – Grow Your Roots

Establish a sturdy base with an emergency fund and kick-start your long-term wealth with retirement savings like a 401(k) or IRA.

Step 3 – Strengthen your trunk

Focus on your primary income source and explore ways to increase earnings.


Step 4 – Protect your Bark

Get the right insurance coverage to safeguard your finances.

Step 5 – Flight Termites

Tackle debt strategically to prevent it from eating away at your financial core.


Step 6 – Branch out

Invest wisely and diversify your investments to thrive in any economy.


Step 7 – Nurture Your Leaves

Secure your financial health against unforeseen circumstances with proper insurance coverage.


Step 8 – Fertilize Your growth

Maintain a great credit score and build financial resilience.


Frequently Asked Questions

Begin by calculating your average monthly income over the past six months to a year. Base your budget on the lowest-earning month to ensure you don’t overspend. For months when you earn more, allocate extra funds to savings or debt repayment.

Consistency is key. Use budgeting apps to track your spending in real-time, set reminders for bill payments, and review your budget weekly to make adjustments as necessary. Also, don’t forget to reward yourself for small successes along the way!

A common rule of thumb is the 50/30/20 rule: 50% of your income for necessities, 30% for wants, and 20% for savings and debt repayment. Adjust these percentages to suit your financial goals and situation.

Don’t panic. Evaluate why you went over budget and adjust your spending for the rest of the month to compensate. Use it as a learning experience to better anticipate future expenses.