Topic Content:
- Note your Net Income
- Track your Spending
- Set your Goals
- Make a Plan
- Adjust your Habits if Necessary
- Review Budget
Note your Net Income:
The first step in creating a budget is to estimate your available income. Identify the amount of money you have coming in regularly.
Track your Spending:
Tracking and categorizing spending is important so you can know where to make adjustments. This will help you identify where your money is going and where it might be easiest to reduce spending.
Expense categories include fixed expenses, which include regular monthly bills such as:
You are viewing an excerpt of this Topic. Subscribe Now to get Full Access to ALL this Subject's Topics and Quizzes for this Term!
Click on the button "Subscribe Now" below for Full Access!
Subscribe Now
Note: If you have Already Subscribed and you are seeing this message, it means you are logged out. Please Log In using the Login Button Below to Carry on Studying!
Responses