How do you create a household budget?
Money may not be the key to happiness, but it is may be the source of your unhappiness. Money management could help you. You need to know about money: where it comes from and where it goes. You need to have pen, paper, calculator or spreadsheet program on computer and all of your monthly bills.
Step 1: Tally your expenses. Expenses are things such as rents, mortgages, cable, car insurance and car payment. Then you use average out how much money you spend monthly.
Step 2: Tally your incomes. Now it is time to calculate how much money you earn every month. Examples of incomes are salary, tips. Your net income is what is left.
Step 3: Compare total incomes and expenses.
If you have more income than expense, good for you. You can save your money.
Step 4: Post you plan.
Step 5: you have done your household budget.
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