Sunny Priyan
Start by calculating your total monthly income from all sources.
Identify regular, non-negotiable expenses such as rent, utilities, loan payments, insurance, and subscriptions.
Track your variable expenses as it may change from month to month, like groceries, dining out, transportation, and entertainment. Track your average spending.
Start saving, whether it's for an emergency fund, a vacation, or a retirement account.
Subtract your fixed and variable expenses, as well as your savings goals, from your total income.
If you're overspending, adjust your budget to ensure you're reaching your financial goals.
Keep track of your spending throughout the month and make adjustments as per your need.