Financial Literacy Month: The importance of having a budget

MACON, Georgia (41NBC/WMGT) – April is Financial Literacy Month, and everyday this week 41Today will welcome financial experts into the studio to share some of their tips with you.

First up is Hillary Bobbitt, who is the Communications Specialist for Robins Financial Credit Union, and shows us how to create a budget.

One of the things she suggests to do is to start off with a spending ratio, which is comparing how much income you take home versus how much you’re spending, including minor expenses like going out to eat and gas for your car.

Bobbitt also says you should plan for an emergency fund, and always have a savings goal. Doing so can help you create a safety net in case anything unforeseen happens in your life.

“They’re going to be useful tools that you can use to manage your bills and save for future expenses,” says Bobbitt. “But the key is they can allow you to spend your money confidently, because if you fully know where your money is going each month, you can truly have a budget that’s going to benefit you.”

If you would like to know more about how to create, manage, and stick to a budget, you can visit

April 25, 2016 | Posted in