Economy

How to Budget When You’re Broke

How to Budget When You’re Broke

It takes commitment and time, but you can learn to manage your money even when there's not much of it. Follow these steps to set up a budget if you're broke.

We've discussed how to create a basic, real-world budget, but that advice often doesn't apply when you're struggling to make ends meet. The basic ideas are the same, but your breakdown of spending is probably going to look a bit different, and everyone's situation is going to be unique to them. So here's what you need to do to get back on track.