Organizing your finances is an important part of any successful budget. Keeping a daily spending diary can help you take control of your day-to-day spending. We've created an easy five-step budgeting program to help everyone create a budget that they can stick to. Start small by applying for a Bank of the West Classic Savings Account, and learn more about budgeting below.
1. Set Goals
Setting specific financial goals is the first step toward achieving your dreams and reaching your financial objectives. Visualize your goals so you can create the budget to reach them.
2. Get Organized
Organizing your finances is an important part of any successful budget. Keeping a daily spending diary, like the one shown here, can help you take control of your day-to-day spending. Our Bill Pay service also lets you pay your bills conveniently from one location and access your payment history, helping you keep your finances in order.
3. Build a Budget
Keeping a budget that helps you track your income and expenses is easier than you think. Setting up email and mobile alerts to notify you when you reach your budget limit is an easy way to help you monitor your spending and track your progress.
4. Cut Spending
Consider your needs versus your wants. Cutting back on purchases you do not really need can help you find money to save for your financial goals. You can use the Account Overview page within Online Banking to track your spending and categorize your purchases. Then see where you can cut spending.
5. Save Money
Building up your savings is a great way to prepare for the unexpected and manage debt. You can use our Auto-Save program to help grow your savings by putting a portion of your paycheck into your Savings account every week or every month.