[header] How to maintain a budget for personal use [title] Determine your income. [step] Review recent check stubs. Total your monthly income.
[header] How to maintain a budget for personal use [title] Determine your income. [step] Review recent check stubs. Total your monthly income.
Mark, but not disclaimers, any unearned income you received from employers, or any equivalents. Define how many possible deductions you have on your monthly income. [title] Determine all of your outgoing expenses, including bills and spending money. [substeps] The best way to determine your outgoing expenses is to only make purchases and pay bills through your bank account for a 30 day period. Try to identify any discretionary income to help you keep track of your expenses. [substeps] Monthly income might include more money for housing, paying for a pet, paying a utility bill, or emergencies, such as a loan. Compare it with your initial estimate of your credit score (ex: yes, use 25% less than 10% on a credit report) and compare this with what your income typically is. [substeps] For example, if you're making salary payments for the first time, you might need to borrow more to pay your bills.