A monthly budget helps you control where your money goes — instead of wondering where it went. You don’t need a fancy spreadsheet or finance degree. Just a simple plan you can follow each month.
✅ 5 Steps to Create a Monthly Budget:
- Add up your total monthly income — salary, side gigs, anything that comes in regularly.
- List your fixed costs — rent, bills, transport, and other must-pay expenses.
- Track flexible spending — groceries, eating out, shopping. These change monthly.
- Set goals — like saving, paying off debt, or building an emergency fund.
- Review and adjust every month — budgets aren’t perfect. Life changes, so can your plan.
👉 A good budget gives you freedom, not pressure — it tells your money what to do before it disappears.