Budgeting

Is it Time for a Financial Review?



We are here to help you get your future on track

Budgeting Basics: The Workbook (PDF 1.0 MB)

Setting up and using a budget involves six basic steps:
  1. Establish your financial goals: immediate, intermediate and long-term.
  2. Examine your current financial position. What is your household income and how much do you spend?
  3. Build a monthly budget for each of 12 consecutive months, itemizing expenses in various categories and estimating how much you can reasonably expect to spend in each category.
  4. Relate your budget to your overall financial planning. How much money do you expect to have left over after expenses? How will this money be allocated? How long will it take you to reach each goal?
  5. Throughout each month, make regular entries of your actual expenditures in each expense category. At month- end, total the amounts and match these figures against your original estimates.
  6. Review and revise the budget to keep it useful and up-to-date.

Budgeting

The Budgeting Calculator helps you to prepare a simple personal or household budget. Then visit us at EKC to begin saving for your dreams.

 

Find Branch/ATM

Enter address, postal code or branch name