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What is the best way to go about creating a budget?
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The best way to go about creating a budget is to start by determining your income sources, such as wages or investment income, and then to determine your essential expenses, including rent, utilities, and food. After you have these two numbers, subtract your essential expenses from your income to create your budget. You may want to prioritize saving and paying off debt before other expenses, and then consider allocating a certain amount to entertainment, vacations, and other desires. Finally, track your expenses closely, and be sure to adjust your budget as needed.