Step 1

Track & list your sources of income 

& the amount of money you earn

Step 2 

List your expenses 

Organize your expenses into fixed, and variable expenses 

Fixed Expenses:  expenses that are the same every month 

Variable expenses: expenses that change every month (ex. gas, electricity, shopping) 

Step 3 

Organize your spendings into different categories

Ex. Food, Miscellaneous, Bills, Eating Out 

Determine how much you need and want to spend in each category 

Step 4 

Calculate your total cost in each category and subtract from your total income

Then you get your leftover income

Step 5 

Now that you have your left over income

You can either increase the amount you want to spend in each category, spend it on  stuff you like, or put it in savings!