Debt management: If you have a large amount of high-interest debt, paying down that debt should be a top financial priority, so a typical reverse budget with an emphasis on savings may not be right ...

Most of us have too much stuff. We know we’d be happier with less, yet we continue to accrue things that just take up space.

At 55, my husband and I sold nearly everything to travel full-time. We have strategies to keep costs down and we stay ...

Creating a monthly budget can feel like herding cats—things go in every direction, and somehow your money disappears before ...

I’m $25,000 in Debt: Here’s My Monthly Budget June 14, 2025 — 09:01 am EDT. Written by Lydia Kibet for GOBankingRates-> When you’re trying to get out of debt, how you manage your ...

Average Monthly Spend. According to the US Bureau of Labor Statistics, the average monthly cost of groceries is $504 as of late 2024. The total annual cost for families should be approximately $6,043.

“We allocate our initial funds to our fixed expenses, which include utilities, dining out and grocery budget,” said Harris. Their monthly budget for food is $650, while that for utilities is $600.

How to Create a Monthly Budget. Follow these five steps to get started on creating your monthly budget: 1. Calculate Your Total Income. Start by calculating the total amount of money you make in a ...

A monthly budget can help you stay on top of your finances. Use NewsNation's 50-30-20 calculator figure out how much to spend. The 50/30/20 rule is a popular budgeting technique.