It all adds up to good sense
Once you have set realistic financial goals, the next step is to determine how to reach them by setting money aside every week and including this expense in your budget.
Your budget in three easy steps
- List your income and expenses
- Add them up separately
- Compare the results
Here's an example of a monthly budget
| Monthly income | |
| Allowance | 40 $ |
| Part-time/summer job | 80 $ |
| Gifts of money | 10 $ |
| Other income | 0 $ |
| Total income | 130 $ |
| Monthly expenses | |
| Outings | 40 $ |
| Clothes | 50 $ |
| Gifts of money | 10 $ |
| Savings | 10 $ |
| Other expenses | 0 $ |
| Total expenses | 110 $ |
| Surplus or deficit | + 20 $ |
Use this on-line tool to prepare your budget.
