Worksheet What are you aiming for?

Breaking your budget down into needs, goals and wants

The first step to building a budget is knowing where your money is going today.

Take some time to review your monthly income sources and expenses, then categorize them into needs, goals and wants using this worksheet.

Key Takeaways:

  • A budget is a plan that can help you save money, avoid overspending and pursue your financial goals.
  • It can bring clarity and help you feel more in control and confident about managing your finances.
  • To come up with a budget, organize your expenses and decide on limits.
  • Consider using the 50/20/30 rule: 50% on needs, 20% on goals, 30% on wants.
  • Your UBS Financial Advisor can help you evaluate your spending and prioritize your goals.

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