Personal Budgeting involves three basic routines

1. Track what you earn and what you spend.

2. Work to keep the second number lower than the first.

3. Lather, rinse, repeat each month.

Step 1. Embrace the Ongoing Process of Budgeting

Step 2. Calculate Your Monthly Income

Step 3. Add Up Your Necessary Expenses

Step 4. Add “Pay Yourself” Line Items

Step 5. Plan for Your Discretionary Expenses

Step 6. Compare and Adjust

Step 7. Implement and Track Your Spending

Step 1. Embrace the Ongoing Process of Budgeting

Step 1. Embrace the Ongoing Process of Budgeting