- Calculate your monthly income.
- Add up your fixed monthly expenses like rent, utilities, food and supplies, auto expense, savings, etc.
- Determine your discretionary expenses like clothing, eating out, going to the movies, gifts, etc.
- Subtract your fixed expenses from your income. This is the amount you have for discretionary items.
- Implement, monitor, and adjust your budget.
Get more help creating and maintaining a good budget with these websites:
