12/11/2023 0 Comments Making a personal budget![]() ![]() ![]() What do you wish to accomplish with your budget? Aside from keeping your bills paid, that is. Speaking of personal finance goals, it's time to set some. Choose the best option for you and your personal finance goals. There are also many different apps for personal finance and budgeting.īudget tracking can be as simple or complex as you like. A common method is to create a budget with Google Sheets or Excel. You can go old school with a simple pen and paper. These days, there are many different ways to track your income and spending. Once you have your spending all laid out, it is easier to see where you can potentially cut costs. Include spending expenses like new clothes or eating out. This will include things like your rent or mortgage, utility bills, car payments, insurance costs, grocery bills, living expenses, and even things like paid subscriptions. Then, add up all of your monthly expenses. The amount of money you have after taxes is what you use for your budget. ![]() Things like alimony, child support, social security payments, or annuities should also be included. This includes hourly wages, salaries, commissions, and money earned from odd jobs or side hostels. The first thing you must do is add up all of your income. Here, I lay out 5 simple steps you can take to create your own personal budget. Thankfully, making a monthly budget is easy nowadays. Creating a personal budget to keep your finances in order is part of being a responsible adult. Unfortunately, sometimes we have to do things even if they are tedious or dull. I think we all know that adulting isn’t always fun. ![]()
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