As the cost of living and household debt continues to rise and the annual household income has decreased, it’s important to look into ways that you can take back your finances. There are a couple of ways that you can budget and set up some financial goals for 2022.
Examine your spending habits
Something that you can do is examine your spending habits. If you don’t have a set budget per month or pay period, you can do this: pull your bank and credit card statements and add up the amount you spent per month on different categories. This could include utilities, bills, groceries, miscellaneous items. This way you can see how much money you’re spending to try and budget for the next month.
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