How do I set up my budget?

Last Updated: Jun 12, 2014 01:57PM EDT

Setting up a budget can be daunting. With LearnVest’s Smart Budget it’s easy to build a budget that focuses on your financial goals. Just click on the “Use Budget Setup” button in your Budget tab to get started.

You'll tell us your monthly income, outline your fixed costs, and identify your financial priorities. The money you have left over is your flexible spending budget for the month.

We call our approach the "One Number Strategy" because after you've accounted for your fixed costs and goals, you really only have to track that one flex spending number to stay in budget. As part of the Action Program, every client gets a custom budget (complete with a flex spending number) from their LearnVest Planner; learn more about it by attending our Budgeting Class or by signing up to work with a LearnVest Planner.

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