One of the most important things that you can do for yourself is create a budget and stick to it so that you can understand where you may be going wrong when it comes to savings. Making a budget can seem very overwhelming, but you can do it. All it takes is for you to break down a process bit by bit, because nobody can get through to their savings goals without knowing their incomings and their outgoings.
You can start with figuring out what your incoming earnings will be post-tax with the Take Home Pay Calculator, and from there, start breaking down your bills that you have to pay. Once you’ve broken down the list of bills that you have to pay, IE your expenses, you can then learn to track your expenses and your transactions to find out what your budget is covering and what it’s not. No matter how you feel about budgeting, here are the steps that you can take to create one to make you feel more in control of your finances.
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List your income first and foremost. It doesn’t have to be just from your main job. Maybe you sell cakes, or you sell art on the side. Whatever your incoming may be, whether from the government, from your job, or from any site hustles, you need to list it all down Any single time in a month you gain extra cash. That is your income. List your expenses
