Budgeting 101: Steps to Stop Living Paycheck-to-Paycheck

Join our weekly #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m. ET. This week, we talked about the steps we need to take to stop living paycheck to paycheck. The panel included: Ash Cash: Director of Financial Education at Bank Mobile; Bev O’Shea: Personal Finance writer for NerdWallet; Rod Griffin: Director of Public Education at Experian and Mike Delgado: Director of Social Media at Experian.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

Q1: Why is a budget important?
Q2: What questions should you ask yourself before you prepare a budget?
Q3: Ok, you’re ready to create a budget, but where do you begin?
Q4: What items should a budget include?
Q5: How do you create a budget for a variable income?
Q6: When creating a budget, is it better to plan to save as much as possible or reduce debt?
Q7: How can we motivate ourselves to stick to our budget?
Q8: What do you do if a significant other is not on the same page or has a harder time sticking to a budget?
Q9: How often should you review/adjust your budget?
Q10: Any final tips for someone new to budgeting?