How can I create a budget plan?

How can I create a budget plan?

Creating a budget plan involves tracking your income and expenses. Start by listing your monthly income and all your expenses.

What categories should I include in my budget?

You should include categories like housing, utilities, groceries, transportation, savings, and entertainment.

How do I track my expenses effectively?

You can use budgeting apps, spreadsheets, or even a simple notebook to track your daily expenses.

What if my expenses exceed my income?

If your expenses exceed your income, review your budget to identify areas where you can cut back or find ways to increase your income.