Budgeting for savings.

If your like most of America at times you wonder where did all your money go.  Well there is an easy way to find that out.  First you need to contact your bank and get a copy of your last 90-100 days of transactions more if possible.  From there you would write down and categorize your expenses.  How you choose to categorize is up to you.  To make things easy you could start off with just 2 categories possibly say "necessary" and "unnecessary."  Or you could make numerous categories and use this as a template for a future budget.  But  if you were too start with the simple 2 categories the total that falls under the unnecessary spending column would be your potential savings windfall.  This is money you should pay yourself first with and invest and start having work for you.  There are 2 very easy ways to make money work for you 1. is compound interest that would incur in something like a saving account or a cd or money market 2. is buying a stock or a bond that you know will grow and not selling it for a very long time.  But budgeting for savings starts with you paying yourself first that is the most important step of all. Cheers!