Financial Literacy Portal: The Importance of Budgeting

The Importance of Budgeting

The old adage says “A fool and his money are soon parted.” And it is foolish not to budget and track your money. Knowing how much money you have and where it goes is the first step toward a secure financial future.

  • Budgeting 101
    • This interactive course from the St. Louis Federal Reserve encourages students to think about financial priorities and begin understanding how today’s decisions can impact the future.
  • How to Begin Building Wealth
    • This interactive course from the Dallas Federal Reserve takes adult participants through setting financial goals, creating a budget, saving, planning your investments, building credit, controlling debt, and understanding insurance basics.
  • Financial Planning Worksheet
    • Use this worksheet from the Consumer Financial Protection Bureau to help you determine how you spend your money each month so that you can make a budget.
  • BLOG: Saving Strategies for Every Age
    • These helpful blog posts from Missouri’s UMB Bank explain how your savings goals should change over time and more.


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