The first step is tracking your income. Figure that out by typing in below your monthly income after all taxes and deductions. This figure should be the total take-home pay for your household. The next step is tracking your monthly expenses. These expenses might occur every month, but the amount you spend could change.
Examples are clothing, vacations, gifts, and personal spending money.
Fill in your monthly expenses in one of the two worksheets below. Make each expense either a fixed expense or a variable one. Now you'll have a better feel for how much money is coming into your household and how much is leaving. This is a key part of your financial game plan.