The first step is to add up your incomings – whatever money you have coming in. Next up is your spending, including regular and irregular expenses. To build your budget, it needs to be as accurate as possible and reflect the way you normally spend your money. This makes it easy to see how your spending compares with what you earn. You’ll either have a surplus (money left over) or a deficit (when you spend more than you bring in).

Print Friendly, PDF & Email