[header] How to create a successful budget [title] Start with creating a personal household budget which includes all your monthly and yearly bills. [step] You must also include your spending money, savings goals, and retirement funding. It doesn't matter how much money you make, it's how you spend it. 
A personal and household budget will help you make payments on time, provided you follow the plan. Aim for your housing expenses to be about 33% of your income.