human
I want to create a budget for myself and make sure I'm living within my means. What are good strategies for budgeting?
assistant
Start by listing all your sources of income and all your monthly expenses. You can create categories to help you, such as rent, bills, food, entertainment, etc. 2 Calculate your monthly income less your expenses to determine how much you can reasonably save each month.3 Set specific, measurable goals for yourself and create a budget plan accordingly.4 Consider how you can modify your spending habits as necessary to meet your budget goals.5 Track and review your budget regularly to make sure you’re staying on track, and adjust if necessary.6 Automate some of your budgeting processes by setting up online bill pay or savings transfers.7 Invest in yourself. Don’t forget to build in a budget plan to save a portion of your income for your future plans.