Money Management

Learn how to keep track of your money with our budget worksheets, user our investment calculator, and more.

A Few Simple Ways to Get Started on Managing Your Money:
Buy a small notebook and take it with you everywhere that you go for a couple of weeks. Write down everything that you spend money on.

  • After a few weeks, start putting your expenses into categories, like food, transportation and clothing. Look at how you spend your money. You may be surprised, for example, that you spend so much on food when you are not eating at home.
  • Make a list of bills you have to pay on a regular basis, like care insurance, rent or mortgage payments, dental checkups and even gifts that you buy every year. (You can use WISER's Budget Sheet to help you remember all of them.)

Add up your total income - all of your money you receive in salary, other payments and benefits and any earnings on investments each year. Divide your annual income by 12 to calculate your monthly income.

  • Subtract all of your regular monthly bills and the other monthly expenses that you found by keeping track of your spending in your little notebook.
  • This will tell you what money you have left for emergencies, like care repairs. Try to set some money aside for emergencies, so it will not completely throw off your budget.
  • Finally, look for ways to start setting aside some money for a savings account. Make a plan to start investing, even a small amount, so that your money can start to grow.

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