📈 Budgeting 101: How can you make the most of it?💰
Budgeting. One of the most important money-saving techniques, but one that so many of us get wrong and fail to fully utilize. In today’s money wise newsletter from American Debt Relief, we present you with 3 ways to ensure you make the most of budgeting (saving $$$ and ending the month with a little leftover).

Step #1: Understand your current financial situation
Getting a clear picture of where your money comes in from and goes out to, when, and how frequently, is essential when budgeting.
- Include monthly expenses outside of your general bills. This might include student loans or car payments.
- There are free, helpful spreadsheet templates such as this for Microsoft Excel.

Step #2: Identify problem spending areas
Many of us love having coffee in the morning, but spending $6–10 a day on your that cup of morning joe really adds up. Spending an average of $7, five days a week means you’ll spend north of $130 a month! ☕
- Making coffee for your commute at home and taking a lunch with you to work will result in big bucks over time. Cut down during the week and use a percentage of those savings and reward yourself on the weekend with a tasty treat.
- Save money every month by experimenting with homemade recipes of carpet cleaner or other cleaning products.
Visit American Debt Relief to find out how we can help you.
Step #3: Set a goal & build your financial vision
It’s important for your hard work to go towards something. When setting financial goals, make sure they are clear, explicit, and actionable.
- An example of short-term goals include saving $5,000 to an emergency savings fund, saving $2,500 for a dream vacation ✈️, or paying off a credit card balance.
- It’s important to reward your hard work, even if your reward is only $30 a month. Make sure you spend it on something you love.

Visit American Debt Relief to find out how we can help you.
