MADISON, Wis. -- With the economy expected to remain stagnant in the New Year, 2009 might be the perfect time to work on putting together a personal budget.

"We go out to eat less and try to drive less," said one woman. "I'm not buying as much pre-made food. I'm trying to cook a little more."

Many families around the U.S. are trying to achieve similar goals, spending less, saving more, WISC-TV reported.

"I only put $20 bucks in my gas tank instead of filling up for maybe $40," said one man.

To help reign in the spending, experts at Consumer Reports said track it. Simply write expenditures down in a journal, or for a more high-tech approach -- go online.

One Web site, www.buxfer.com, allows users to create a personalized budget.

"Try to keep track of every penny you spend for at least a month -- from mortgage, car payments and groceries to your morning coffee, even tips for your barber or hairdresser," said Consumer Reports' Greg Daugherty.

Experts also advise people to plan on surprises like unexpected car repairs.

"What you want to do is look through the previous year's bank and credit card statements and identify unexpected expenses," said Daugherty. "Add those up then add another 10-percent for safety and divide by 12 -- that's the amount you want to set aside each month for unexpected bills."

Once people know where their money is going they can create a spending strategy.

"There are certain expenses like your mortgage that are a given," said Daugherty. "But others, like eating out or birthday presents, are flexible. That's where you can look to cut."

For More Info:

There is more information about being budget-wise in 2009. Check out the money section on the Consumer Reports Web site