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A budget is really just a plan for how to spend money. Here are some steps to follow to put together a simple budget:

  1. Keep track of everything you spend for a month or more.
  2. Group these into categories that make sense to you, like food, rent, car expenses, etc.
  3. Try to think of expenses that you have that you don't pay for on a monthly basis, like car insurance or medical insurance. Try to estimate them for a year and then divide them by 12 to get a monthly estimate.
  4. Write the categories for both the regular and irregular expenses with the estimated amounts on a piece of paper or put them into a computer spreadsheet.
  5. Total them up.
  6. Compare the total to how much money you make in a month.
  7. Try to find ways to cut down on your spending.
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13y ago

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