I remember when I got my first paycheck. I was excited to finally be able to support myself, surprised at how much was taken out in taxes, and a bit nervous to know what I should do with all this money. How much was reasonable to spend on groceries each week? Should I save more or pay more of my debt? Was it ok to splurge on some new clothes?  

You may experience a lot of thoughts and feelings when you get a paycheck, but there are even more feelings – and worries – when an unexpected expense comes up. A hospital stay, car repair, or other expense might feel like it will derail your plans – but it doesn’t have to. Making a budget can help you pay for regular expenses while also saving some money each month to prepare for those unexpected costs. A budget doesn’t have to be fancy or complicated – just a record of what money you will earn, save, and spend for a period of time (a week, a pay period, or a month, usually).  

Take a few moments to think about what you generally earn and spend. Can you save some money to put aside for emergencies? Ask your advocate and consider attending a Faith & Finances course to give you even more tools.