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Video - Money Know It to Grow It - Budget

Written by Synchrony Staff

Published Feb 20 | 1 minute read

Money 101
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    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

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    Synchrony Staff

    This article contains contributions from multiple staff members for the Synchrony blog.

    *The information, opinions and recommendations expressed in the article are for informational purposes only. Information has been obtained from sources generally believed to be reliable. However, because of the possibility of human or mechanical error by our sources, or any other, Synchrony does not provide any warranty as to the accuracy, adequacy or completeness of any information for its intended purpose or any results obtained from the use of such information. The data presented in the article was current as of the time of writing. Please consult with your individual advisors with respect to any information presented.
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