Time to Look at Your Budget: The 30 Day Challenge

Kick StartIt’s September 1st and what better way to start the month than by making a budget. The easiest way to save is to know where you are spending your money and to find ways you can cut back.

Find Out What You Spend

Take a look at your spending for August. Now break out everything you spent into different categories (including saving). You can either do this yourself through a program like word or excel or you can use one of many free or paid services – it’s up to you! Here’s a great example.

You may be surprised at how much you spent in certain categories. I know my biggest expense is eating out – I’m always amazed at how quickly my food category fills up throughout the month. Don’t be too discouraged if you went over your budget. That’s why you are taking the time today to sit down and sort out your finances. Today is a new month and you can change your spending habits.

Set Goals for September

Now that you know what you spent in August, set new goals for each category for September. Don’t forget to include any high-interest debt. Paying off high-interest debt as fast as possible will help you get back on track and start to save.

Check Your Progress

Once you set your new goals make sure to check back in throughout September. We’ll check back in with everyone at the beginning of October to see how it went.

Do you follow a strict budget each month? Join the discussion on Facebook.

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | January 7, 2014

    Second saving strategy: Save for emergencies http://ow.ly/sj3vP

Saver Tips and Stories View all »

Developing a Savings "Game Plan"

Written by Katie Bryan | October 28, 2013

Eunice Diaz, a teacher in Colorado Springs, had been noticing a pattern. Despite the fact that she and her husband were “making good money,” they were spending their entire earnings and “were still struggling at the end of the month.”

Read more...

Make it Automatic

Written by Lindsay Ferguson | July 2, 2019

Holding ourselves accountable can be tough. Maria knew that if she didn’t “set it and forget it” she would have a hard time making sure her regular savings deposits were happening. In April, she took the America Saves Pledge and created a savings plan to increase her emergency fund.

Read more...

Taking Back Control Over Finances

Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up