Create a budget

Here’s how you can create a budget using the Build My Wealth app:

1. Go to Budget.

2. Click Add Funds.

3. Click Add Income.

4. Select Income Type.

5. Click Next in the upper right corner of the screen.

6. Enter details.

7. Click Save.

8. Repeat steps 3-7 for every payday or income received.

   i.e. If you receive your salary twice a month, repeat steps 3-7 twice.

9. Click Budget my $XX.00.

10. Plan where your money will go.

    1. Click Pay Myself if you want to:

       1. Add money to your savings

       2. Add money to a savings goal

    2. Click Pay Expenses if you want to:

       • Pay off debt

       • Pay bills

       • Spend on personal things (e.g. gifts, self-care, self-development, clothing, vacation, etc.)

Make sure every dollar you’ll earn this month has a job to do:

• Pay bills and daily expenses

• Pay off debt

• Increase savings

• Complete a financial goal

This ensures you’re not spending unnecessarily while still enjoying your hard-earned money.

A few budgeting tips from the team:

• Don’t deprive yourself.

  Set aside a portion of your income for fun things to do or spend on.

  We call this the “fun fund”.

  Remember, we don’t live to work. We work to live.

• Be realistic.

  Don’t set your budget for necessities, daily expenses, and bills so low that it becomes too difficult for you to stick to.

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