How to Create a Budget That Works for You

Determine your income: The first step in creating a budget is to know how much money you have coming in each month. This should include all sources of income, such as your salary, any investments or side hustles, and any other sources of income.

Identify your expenses: Next, make a list of all your monthly expenses. This should include fixed expenses, like rent or mortgage payments, as well as variable expenses, like groceries and entertainment. Be sure to include both necessary and discretionary expenses.money account

Review your spending: Once you have a list of your income and expenses, take a close look at your spending habits. Are there any areas where you can cut back or eliminate unnecessary expenses? Look for ways to save money on things like groceries, entertainment, and transportation costs.