If you've never followed a budget before, you're not alone. Most Americans don't have a personal budget in place despite the fact that it's one of the easiest ways to track your spending and help you meet your savings goals.
Of course, one reason why so many people resist budgeting is that they're intimidated by the idea of setting one up. But actually, you don't need to be a financial expert to create a budget. All you really need to do is list your fixed and variable monthly expenses, compare them to your net income, and see if that leaves you enough room to save money each month. To help you get started on your budget, here are six easy steps you can follow.
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Source: Fool.com