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Budgeting basics

A budget is a spending plan that helps you understand how much money you're making and where you're spending it. A budget is the cornerstone of a strong financial plan.

Budgeting tips

A couple budgets together.
Bankrate offers 18 ideas for stretching your budget to save money.
Young man working on finances at home. He has a laptop open and is using a calculator.
If your discretionary income is low, you could pay $0 on your federal student loans.
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Our guide tackles the basics of disposable income and how you can use it to budget.

Calculate your savings

Use our Savings Calculator to help you quickly and accurately estimate the growth of your investment. Set a goal and figure out how much you need to save each month to hit the mark.

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Monthly budgets are popular because many expenses, such as rent and bills, occur monthly.
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An emergency fund is an essential part of a solid financial plan.
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Image by GettyImages, Illustrated by Bankrate
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Most people know they should save. But understanding why can make the habit stick. Saving isn’t just about “being responsible” — it’s about control, opportunity, and peace of mind. Here are seven [...]
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A savings account is a good tool for teaching children financial basics and responsibility.
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Saving for your grandchildren can help to minimize the financial burdens they face down the road.
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