Creating a simple budget worksheet is a great way to get started with managing your finances. Here are some steps for creating a simple budget worksheet:
Determine your income: Start by listing all sources of income, including your salary and any additional income.
List your expenses: Make a list of all your monthly expenses, such as rent/mortgage, utilities, groceries, transportation, and entertainment.
Categorize your expenses: Categorize your expenses into fixed (unchanging) and variable (changing) expenses.
Calculate your net income: Subtract your total expenses from your total income to determine your net income.
Adjust your spending: If your expenses exceed your income, look for ways to adjust your spending or increase your income.