How to adjust your budget in response to life changes

Life changes—like marriage, a new job, a baby, or unexpected emergencies—require a flexible budget. Start by reassessing your income and expenses to reflect your current situation. Prioritize essential costs and identify areas to cut back if needed. Set new financial goals that align with your changed circumstances, whether it's saving more, repaying debt, or managing childcare costs. Use budgeting tools to track spending in real time and make adjustments quickly. Build or update an emergency fund to stay prepared. Adapting your budget helps maintain financial stability and ensures you stay in control, no matter what life throws your way.