How to Create a Budget in 4 Steps

The first thing to do in order to successfully manage your personal finances is create a budget. This is a simple exercise, yet one that is often overlooked. Use this video to guide you in creating a basic budget by following these four steps:

  1. Calculate your monthly income
  2. List your monthly expenses
  3. Subtract your expenses from your income
  4. Set goals and allocate your additional money

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