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Your Money: How Making A Budget Can Help You Save

We're told that budgeting is one of the best ways to get a handle on your personal finances. Yet only about 40 percent of Americans use a budget.

KPBS Midday Edition is marking national financial literacy month with a week-long series on personal finance.

In the first installment on Monday, we talked about creating a budget. Later in the week, we will discuss saving money on food, paying off debt, and investing and planning for retirement.

Brian Keliher, an associate professor at Grossmont College, teaches a personal finance course at the community college. He joined Midday Edition Monday to give listeners some tips on how to create their own budget.

Here are a few of the tips he shared:

–To make a budget work you must follow up, some say weekly, but at least once a month.

–Couples must be on the same page in terms of what they can and can't spend.

–Have an emergency fund. Set aside enough money to cover your expenses for 3 to 9 months.

Online resources to help you create a budget:

Mint — free

Every Dollar — $9.99/month to link accounts

You Need A Budget — $6.99/month

Listen to the full interview:

Your Money: How Making A Budget Can Help You Save


Brian Keliher, associate professor, Grossmont College


Do you have a money-related question or tip? Ask us here.


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