Step 1: Determine your income, if you have an irregular monthly income use the lowest months income as your baseline
Step 2: Determine your monthly expenses, grab all your bank and credit card statements for the last three months. Break your expenses into fixed and variable expenses. A fixed expense would be a mortgage payment or your cell phone bill. Variable expense would be things like groceries or utilizes.
Step 3: Use a pen and paper, spreadsheet, or app to build what your expected monthly expenses are for the various categories that apply to you
Step 4: Start tracking your budget, it will take a few months to find your rhythm, but once you do you’ll be amazed at how much more money you really have!
There are a ton of free tools out there to make a budget, but here’s a template to get yourself started
