Create a Budget in 4 Easy Steps - NerdWallet

Create a Budget in 4 Easy Steps

The first thing to do to successfully manage your personal finances is to create a budget. This is a simple exercise, but it’s one that’s often overlooked. Use this video to help guide you in creating a basic budget. You’ll follow these four steps:

Step 1: Calculate your monthly income.

Step 2: List your monthly expenses.

Step 3: Subtract your expenses from your income.

Step 4: Set goals and allocate your additional money.

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