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You dont need a strategy to start a budget.
Look through your past few months of bank statements and log where every dollar of your income went.
Another option is to track your bills and spending over the next month.
If youre still tempted to put offbudgeting, dont.
Suppose you cut $25 from your monthly budget.
You also need to ensure that money makes it into a savings account.
If you dont have one, open a high-yield savings account withno minimum balance requirementsor service fees.
Capital One and SoFi are two such options.
Choosing a savings goal to work toward can keep you motivated.
He also believes it doesnt have to be that way.
A 401(k) is specifically for retirement savings.
Many employers match 401(k) contributions up to a specific percentage, making it awise investing option.
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