Ohio State University Extension/Research

Manage Your Money

Lesson 5: Develop Your Budget

MYM-5-03

For More Information

From Ohio State University Extension. Ohio residents can contact their county OSU Extension office for copies of these materials. Or, you can download these from http://ohioline.osu.edu

Keeping Track of Spending, MM-07-2002
Options for Resourceful Living, MM-09-2002
Home Account Book, Bulletin 723 ($2.25, plus tax and postage)
In Over Your Head, Bulletin 891 ($2.25, plus tax and postage)

Other agency publications. From the Federal Citizen Information Center in Pueblo, Colorado. www.pueblo.gsa.gov; click on "money"; scroll to "investing and saving".

66 Ways to Save Money

Software. Money management software can quickly do the financial math and generate reports for you. However, you must keep good spending records and enter accurate data for financial software to be useful. Two widely used programs are listed here.

Microsoft Money 2003™ (or current year) by Microsoft ®. Available at office and department stores. Or, go to Microsoft’s web site at www.microsoft.com/money.

Quicken 2003™ (or current year) by Quicken. Available at office and department stores. Or, go to Quicken’s web site at www.quicken.com.

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Written by Ella Mae Bard, Extension Agent in Family & Consumer Sciences, Knox Co., Carolyn McKinney, Family Resource Management Specialist, Consumer & Textile Sciences Dept., Nancy Hudson, Northeast District Family & Consumer Sciences Specialist, and Diane Johnson, Extension Agent in Family & Consumer Sciences, Darke Co., Ohio State University Extension. Portions adapted from "Managing Your Money," prepared (1994, 1996) by Eleanor Ames, former OSU Extension Agent (Madison Co.) in Family & Consumer Sciences.

For more information about family life issues, visit http://families.osu.edu

Manage Your Money is a six-part self-study course. The lessons include:
  1. Getting Started
  2. Where Does Your Money Go?
  3. Stop Spending Leaks
  1. How Much Credit Can You Afford?
  2. Develop Your Budget
  3. Your Net Worth and Financial Records

Appreciation is expressed to Marjorie McCullough, Office Associate, Consumer and Textile Sciences Department, who worked with several drafts of these materials.

This material is intended only for educational purposes. Mention of a proprietary product, trademark or commercial firm in text or figures does not constitute endorsement by Ohio State University Extension and does not imply approval to the exclusion of other products, firms, or organizations. For specific, consult your financial or legal adviser.

All educational programs conducted by Ohio State University Extension are available to clientele on a nondiscriminatory basis without regard to race, color, creed, religion, sexual orientation, national origin, gender, age, disability or Vietnam-era veteran status.

Keith L. Smith, Associate Vice President for Ag. Adm. and Director, OSU Extension.

TDD No. 800-589-8292 (Ohio only) or 614-292-1868