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How To

How to Create A Budget

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By Amara
User-Submitted Article
(3 Ratings)
Create A Budget
Create A Budget

Creat a monthly budget

Difficulty: Moderate
Instructions

Things You'll Need:

  • Paper & Pencil
  • Calculator
  • Microsoft Excel (or similar)
  1. Step 1

    On paper write Monthly Income, underneath list the name of your job or business, and write the amount you earn monthly beside it and underneath write down any extra income (child support, alimony, or eHow) combine them for your total.
    Monthly Income Income
    Job/Business Name $2,500.00
    Extra Income $200.00
    Total Monthly Income $2,700.00

  2. Step 2

    Below Monthly Income write down your all regular expenses (example
    Regular Expenses Expense Amount
    Rent/Mortgage $750.00
    Utilities $150.00
    Total Regular Expenses $900.00

  3. Step 3

    Below Regular Expenses write down, your Irregular Expenses (examples) uncontrolled
    Irregular Expenses Expense Amount
    Gas $50.00
    Laundry $25.00

    When it comes to the irregular expenses the amount your write down is the amount you believe you typically spend and the amount you don't over exceed.

Tips & Warnings
  • Make a shopping list
  • Only carry amount of cash you can spend
  • Look for bargains
  • Use a check register to calculate transactions
  • Don't shop because of discounts
  • Don't carry your check card all the time

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eHow Article: How to Create A Budget

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