Husband and wife or individual must sit down with pad and pencil and, by intelligent cooperative effort, write down the various amounts to be budgeted for the coming month to cover all their expenses.

The individual who keeps the budget should honestly and faithfully make every effort to keep accurate and up to date records.

After the close of each month, a few minutes should be spent to study the results and make the necessary adjustments for the coming months.

The budget should come from the persons own experience.

The budget should be tailored to the individual's income and situation.

Don't be a "penny pincher"-- there is no way to keep a record of every penny you spend. Sometimes money will be wasted.

Agree on a realistic spending plan.

Stick to your budget until your plan works.