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Basic budgeting for new graduates

The Cleveland Plain Dealer has a good article on basic budgeting for new college graduates, but this advice can apply to everyone. The advice might seem obvious, but unfortunately many people, let alone young people, have no idea about this stuff.

A smart budget has three building blocks: the money you make, the money you spend and the money you save.

Once you draft a budget, you may discover your plans outstrip your actual income. The good news: You’re only in debt on paper.

The real value of a budget is it lets you spot potential money problems and fix them before they hurt you or your credit rating.

Check out the whole article, and you’ll be on solid financial footing for your life if you learn the basic rules of budgeting.

  

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