Deal with Your Debt. Few people get far in adulthood without accumulating some form of debt: credit cards, student loans, car loans, and mortgage payments are common. In fact, debt can be a good thing (who has the money to buy a house outright?), but the key is to use them wisely. Credit cards and other forms of debt can be an essential part of your financial toolbox, but you must exercise care when using these tools. Understanding the difference between good debt and bad debt will go a long way in making sure you create and maintain a good credit history.
You've completed the budget worksheet, what now? Should you find that at the end of the month that you are consistently spending more than you are bringing in, it might be time to take a closer look at where you're spending your money and adjust those areas you can to make up the difference. Should you find, on the other hand, that you consistently have money left over every month, you now have the opportunity to decide what to do with that extra cash. Do you need to build up an emergency or "rainy day" fund? Could you be contributing more to your retirement savings? Could you pay certain loans off faster? Or perhaps you would like to save up for a special or large purchase.