How To Create A Budget That Works For 2021

LOADING ERROR LOADING A new year, a new chance to start fresh. “Don’t just create a budget ― create a realistic budget,” said blogger Kumiko Love, aka The Budget Mom. “For many of us, our spending completely changed as a result of the pandemic, so it’s helpful to first check on our new spending patterns,” said Kimberly Palmer, personal finance expert at NerdWallet. It may seem a little daunting, but you should set aside time to review the upcoming year and identify all of the one-off major expenses you’ll need to account for in your budget, according to Colleen McCreary, chief people officer and financial advocate for Credit Karma. “Setting a micro goal may make it easier for you to structure your budget,” said Colleen McCreary, chief people officer and financial advocate for Credit Karma.