Determine your budget
A vital element of financial stability is being able to set a budget and then stick to it. Setting goals is a good start, but you'll never reach them without a spending plan. The basic rule is that your spending shouldn't exceed your income. If you regularly find that more is going out than coming in, it's time to take a long hard look at your spending habits - and change them.
It's a good idea to review your spending on a regular basis - say every three months.
What's your budget? Find some helpful budgeting tools on the FSA website.
Financial terminology can be confusing. Let our Jargon buster help you make sense of it.
