Creating a budget can seem like a big ask, but it’s an essential step towards financial stability – something we know is crucial to our Flexers. It’s why we recently launched our Same Day Pay service, providing you more freedom to choose when you’re paid, with quicker access to wages.

Creating a budget will help you take full advantage of this service as well as track your expenses, identify areas where you can cut back, and save money for your financial goals. Here are some tips on creating a budget and sticking to it.


  1. Track Your Expenses
    The first step towards creating a budget is to track your expenses. Use a budgeting app or a spreadsheet to record all your income and expenses for a month. This will help you get an idea of where your money is going and identify areas where you can cut back. 
  2. Set Financial Goals
    Once you have a clear picture of your income and expenses, it’s time to
    set your financial goals. Do you want to save for a down payment on a house, pay off your credit card debt, or take a dream vacation? Whatever your goals may be, make sure they are specific, measurable, achievable, relevant, and time-bound (SMART).
    Eg. By the end of next year, I would like to put a deposit down on a home in Nashville. 
  3. Prioritize Spending
    Prioritize your spending based on your financial goals. Allocate your money towards your top priorities first, such as paying off debt or saving for emergencies. Then, allocate money towards your other expenses, such as housing, transportation, and food.
  4. Use a Budget Template
    A budget template can help you stay organized and make budgeting easier. There are many free templates available online, or you can create your own. A budget template should include all your income sources, expenses, and savings goals.
  5. Review Your Budget Regularly
    Review your budget regularly to ensure you are staying on track. Make adjustments as necessary, and don’t be too hard on yourself if you slip up. Budgeting is a learning process, and it takes time to get it right.

Here’s an example of a simple budget template:

Creating a budget and sticking to it can be challenging, but it’s essential for financial stability. By tracking your expenses, setting financial goals, prioritizing spending, using a budget template, and reviewing your budget regularly, you can take control of your finances and achieve your financial goals.