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  • Writer's pictureJacob Vernon

6 Tips on How to Create a Budget (Monthly Budget Template for Google Sheets Attached)

Six tips on how to create a easy to use monthly budget

Creating a budget can be a daunting task, but it's an essential part of managing your finances and achieving your financial goals. Here are some steps you can follow to create a budget that works for you:

1. Track your expenses:

Before you can create a budget, you need to know where your money is going. Keep track of all your expenses for a month, from rent and groceries to entertainment and miscellaneous expenses.

2. Categorize your expenses:

Once you have a list of all your expenses, categorize them into fixed expenses (such as rent or car payments) and variable expenses (such as groceries or entertainment).

3. Determine your income:

Calculate your monthly income after taxes and other deductions.

4. Set financial goals:

Determine what you are saving for, whether it's a vacation, a down payment on a house, or retirement.

5. Allocate your income:

With your expenses categorized and your financial goals in mind, allocate your income accordingly. Start with your fixed expenses, then allocate money towards your financial goals, and finally budget for your variable expenses.

6. Adjust and track your budget:

Your budget is not set in stone. Monitor your expenses and adjust your budget if necessary. Tracking your expenses and staying within your budget will help you reach your financial goals and achieve financial stability.


Creating a budget takes time and effort, but the benefits are worth it. By having a clear understanding of your finances, you can make informed decisions and take control of your financial future. Start today and enjoy the benefits of achieving financial stability and independence.

If you have any questions about how to use the "Easy To Use Budget" please contact Vernon Management Group at

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This is not tax advice. Please consult your tax advisor before making any tax decisions

*Please consult your tax advisor before you make decisions that involve tax laws

Jacob Vernon, Investment Advisor Representative for Vernon Management Group

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