How to live within your budget.

  • Allocate a portion of your income for savings and retirement.
  • You may want to set aside 10 to 20 percent of your take-home income for savings.
  • A computer-based financial program can help you track all income and expenses and compare them to what you've budgeted. It can also tell you, at the touch of a button, where your money is being spent.
  • Avoid trying to forecast your expenses too far into the future. Doing so can result in inaccurate budgets and overzealous spending.