If having the money you need to live a comfortable life is important to you, the best thing you can do is make a spending plan, or budget. Creating a budget is helpful regardless of your income and age.

With a budget, you keep track of the money you have coming in and where you're spending it. That means you always know where you stand every month, and what adjustments you need to make to prevent serious financial problems.

Making a budget and sticking to it isn't easy. The choices you have to make to live within your means may be hard to face. But it's a struggle that it's important to win. Learn how to get started.