Get on Board Taylor 9th Ward!

Week 4: Solid Shortening; less expensive than oil and stores longer, but buy oil if you prefer.

CREATE A MONTHLY OR WEEKLY BUDGET:
Income includes wages and interest income. Expenses include taxes, rent or mortgage, utilities, groceries, clothing, entertainment, transportation, savings, donations, and other miscellaneous expenses.

TRACKING YOUR EXPENSES
The first step to create a budget is to determine how much money you spend, and to whom you are paying that money. To do this, you will need to track your expenses, or spending, for at least a month, and the longer the better. We suggest that you track your spending for three months or more to get an even better estimate of your spending habits.
EXPENSES
Expenses are anything you spend your money on. To track your expenses, you will need to write down every dollar you spend.

An important part of financial success of any individual or family is to be able to establish a budget and then learn to live within that budget. Creating a budget first involves understanding sources of income and expenses.