human
How do I go about creating a budget for my household?
assistant
1. First, you need to assess and list out all of your sources of income and expenses.
2. Once you have an accurate list of income and expenses, you should work out a budget plan which will set up how much you have to spend and save each month.
3. To do this, you should start by allocating a certain amount of money to cover essential expenses, such as housing, food, transportation, and utilities.
4. Then, you can allocate a specific amount for discretionary spending, or for saving for a longer term goal.