They then spent their money from these envelopes. They always knew how much money they had left to spend, and how long it had to last. Today, there are so-called budgeting tools that can help in creating and sticking to a budget in careful consideration of how much you earn. What is a budgeting tool? The agonizing thought of your bills and debts have made your paycheck almost practically worthless. Well, it is high time you begin making your budget now. The easiest way to get started on budgeting is to formulate a very basic list of your monthly income and expenses. The former is easy, it is basically your paycheck and the money you make from your other jobs. Make an investment out of your savings to generate income. For first time investors, use twenty-five percent (25%) of your savings as a start up investment. You don't have to have millions to start investing. If your start up investment is just about $1000, invest it in treasury bills to gain steady returns, or in a time deposit even for five years time only. Talk to your doctor about a marriage counselor who can guide you and your partner through this challenge. Eliminate debt. The first step to eliminate debt is to stop accumulating more. Then you can eliminate it. Make sure to pay your bills on time. Use cash whenever possible and work out realistic payments with creditors to reduce financial liabilities. The budgeting process provides people with the opportunity to carefully match their goals with the resources necessary to accomplish those goals. Budgets are well-known financial tools. In the creation of this budget entails a multi-step process that involves many people in the household or organization. But for many people, the word "budget" has a negative connotation. Its impression sounds restrictive and confining because of the complexities involved. It is a time-consuming, multi-layered, and complex process. But it doesn't have to be that way. Financial budgeting is essential to give you control over your financial life.