Are you having trouble figuring where all your money goes? Do you feel like you spend more than you make? I know this is how I feel every time I get paid. It’s like there is an invisible thief following me every where I go. Setting up a five-step budgeting plan can help solve these problems. It helps you stay on track financially, decide where your money goes, make informed choices, and control your financial future. Step one is to list all income sources. Your sources of income maybe a paycheck, interest, social security, or child support. Once you know how much money you have coming in, you should never spend more than you receive. Step two is determining your monthly expense—where the money goes; the little things adds up! How do you spend money now? You may have fixed assets like mortgage, car payment, or rent. There are also flexible assets, which include food, clothes, utilities, and gifts. Periodic assets include insurance taxes, and so on. There are a few ways to keep track of your spending. One is the receipt method, which is keeping all receipt and jotting down about how much was spent. The next method is checkbook ledger, but today most people use debit cards. Another method is using a computer program like Excel or QuickBooks. Step three is balancing income and expenses. How does your cash flow? Your goal is to match your income with expenses. If your income is greater than your expenses, you save more! On the other hand, if your expenses are greater, you need to make changes. Step four is to review income and expenses and communicate with a new spending plan. Continue to track your expenses and find places to save your money. For example, instead of going out for lunch, bring a sandwich or a salad for lunch. Next, you should analyze and revise your plan. Make sure you have your plan in writing. Set some goals for yourself. For example, a short-term goal would be buying a car. Ask yourself “Does my plan fit with my goals?” Parking tickets, late...