The Importance of Budgeting

[Budg•et] noun: A spending-and-savings plan, based on estimated income and expenses for an individual, covering a specific time period.

Everyone needs a budget – it helps you know where your money is actually going, which in turn helps you make more informed decisions about how you spend it. Having a budget and sticking to it is the first step toward putting yourself on a path to financial independence. It can help you improve everything from your credit score to saving for your future.

[Budg•et] noun: A spending-and-savings plan, based on estimated income and expenses for an individual, covering a specific time period.

Everyone needs a budget – it helps you know where your money is actually going, which in turn helps you make more informed decisions about how you spend it. Having a budget and sticking to it is the first step toward putting yourself on a path to financial independence. It can help you improve everything from your credit score to saving for your future.

Budgeting Resources

TIP: Create a budget that’s realistic and one you can follow. Budgets that are too strict and don’t allow for any fun are doomed to fail!

Smart Money Community Services (Budgeting)

SmartMoney Community Services is a program initiative of CityLink Center and provides financial counseling and economic education to underserved individuals in Greater Cincinnati Communities. SmartMoney provides CityLink clients with a Comprehensive Financial Literacy package: SmartDollars and Sense workshops and SmartChange one-on-one financial counseling designed to equip participants with the knowledge and tools necessary to achieve economic self-sufficiency.

Center for Great Neighborhoods (Budgeting)

The Center connects residents with information, benefits and cost savings, and empowers them to develop habits that will create greater long-term financial stability. Services include classes on banking, credit repair, budgeting, and investing to adult residents.

Working in Neighborhoods (Budgeting)

Empowers people to make informed choices for themselves and their neighborhoods through community building, home ownership, and economic learning.

LifeSpan (Budgeting)

Offers budget and debt counseling to those who need help with budgeting, money management skills and credit issues. You and your personal credit counselor will work together to assess your current financial situation, develop a realistic spending plan, a personal action plan for success.

Financial Opportunity Centers

(Budgeting)

The following Financial Opportunity Centers (FOCs) each provide services on budgeting. FOCs are a one-stop shop for financial education, employment services, and benefits access.
Brighton Center Located in Northern Kentucky
Santa Maria Community Services Located in the Greater Price Hill neighborhood
Urban League of Greater Cincinnati Located in the Avondale neighborhood
Cincinnati Works Located in Downtown Cincinnati