Itemize your current expenses. Include everything from your mortgage to your morning cup of coffee.
Cross out all non-essential expenses. Things like cable TV and extra trips to the store need to go.
Carry all the remaining expenses over to the Bare-Bones-Budget Worksheet.
Total your expenses. The resulting figure is the minimum that you need to survive and remain current on your bills.
- For maximum effect, be honest about which expenses need to stay and which don't
- Remember to build some money into your budget for unexpected expenses; they will crop up
- Seek out free entertainment to avoid feeling deprived during your bare-bones days