Setting Up a Budget

I am a recent college grad and looking for tips on how to set up a budget. I work as a waitress, so my imcome varies, and a large portion of it is cash. I am a responsible person and haven't had many money problems, but feel like I need to get better control over my finances. Any advice on bill paying, budgeting, etc. would be greatly appreciated.

Thanks!
Samantha from Davis, CA

Answers:

Setting Up a Budget

You need to have 3 accounts:

• immediate expenses
• saving up for large purchases (car, TV, etc.)
• a regular savings account

Set up a ROTH IRA for retirement. Talk to your banker or a broker like the Smith Barney brokerage. (10/20/2005)

By Holly