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How to create a budget?
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1. Start by assessing your current financial situation.
2. List all of your monthly income, including sources such as wages and investments.
3. Make a list of all of your fixed expenses (bills) such as rent or mortgage payments, phone bills, and car payments.
4. Make a list of all of your discretionary spending, as this is what you can adjust to stay within a budget.
5. Calculate your total income and subtract your fixed expenses and discretionary spending.
6. Set a realistic budget for yourself.
7. Create a budget spreadsheet or use budgeting software to keep track of your spending.
8. Review your budget regularly to make sure you are staying on track.