Transcript:
What's a budget?
It's a tool that can help you manage spending.
There are two key parts of a budget, the first: Totaling your sources of income...
...to understand just how much you get from paychecks and any other sources.
The second: listing the things you spend on based on your total income.
That can include costs like rent, a car, food and savings.
Why make a budget?
Budgeting helps you track how you spend money and better control where your money goes.
That can help to focus on what's important to you...
...like saving for a trip, a house, or retirement.
So if you have money goals, a budget can be the road map to get you there.
So that's a budget. Find more ways to know and grow your money at synchronybank.com.
LEARN MORE: Emergency Fund
