Creating a budget can be a great way to take control of your finances. Here are some steps you can follow to create a budget:
1. Add up your monthly income from all sources.
2. Categorize and add up your monthly expenses.
3. Subtract your expenses from your income.
4. Track your transactions.
5. Make a new budget before the month begins.
You can use a budget planner worksheet to help you get startedā“. There are many different ways to budget your money, so you can tweak your approach as neededā“.
I hope this helps! Let me know if you have any other questions.
Source: Conversation with Bing, 20/05/2023
(1) Free Budget Planner Worksheet – NerdWallet. https://www.nerdwallet.com/article/finance/budget-worksheet.
(2) Budgets: Everything You Need To Know – The Balance. https://www.thebalancemoney.com/how-to-make-a-budget-1289587.
(3) 5 Ways to Budget Your Money – wikiHow. https://www.wikihow.com/Budget-Your-Money.
(4) How to Make a Budget: Your Step-by-Step Guide – Ramsey. https://www.ramseysolutions.com/budgeting/how-to-make-a-budget.
(5) How to Create a Budget: Step-By-Step Guide – CNBC. https://www.cnbc.com/select/how-to-create-a-budget-guide/.
A budget planner worksheet is a tool that you can use to design your budget. It helps you decide how to best spend your money while keeping track of your expenses. You can use a budget planner worksheet to help you get started with creating a budgetĀ¹.
Here is a link to a free budget planner worksheet from NerdWallet that you can useĀ¹:
https://www.nerdwallet.com/article/finance/budget-worksheet
I hope this helps! Let me know if you have any other questions.
Source: Conversation with Bing, 20/05/2023
(1) Free Budget Planner Worksheet – NerdWallet. https://www.nerdwallet.com/article/finance/budget-worksheet.
(2) Top Excel Budget Templates | Smartsheet. https://www.smartsheet.com/top-excel-budget-templates.
(3) Basic Monthly Budget Worksheets Everyone Should Have – The Balance. https://www.thebalancemoney.com/basic-monthly-budget-worksheet-1289585.
Common family expenses include mortgage payments, transportation, food, health care, and child care costsĀ¹. Here is a link to a list of common household expenses from The Balance that you can use as a referenceĀ¹:
https://www.thebalancemoney.com/a-list-of-household-expenses-and-ways-to-save-5323967
I hope this helps! Let me know if you have any other questions.
Source: Conversation with Bing, 20/05/2023
(1) A List of Household Expenses (and Ways To Save) – The Balance. https://www.thebalancemoney.com/a-list-of-household-expenses-and-ways-to-save-5323967.
(2) Average Household Budget: How Much Does the Typical … – ValuePenguin. https://www.valuepenguin.com/average-household-budget.
(3) 10 Common Monthly Expenses To Include In Your Budget – Well Kept Wallet. https://wellkeptwallet.com/common-monthly-household-expenses/.
(4) 57 Common Household Expenses – Simplicable. https://simplicable.com/society/household-expenses.
