1. The first step to creating budget is figuring out your after tax income. You should know how much your paycheck will be after any deductions.
  2. The next step should be listing out all of your basic necessities including bills, groceries and any other regular expense that you need.
  3. After setting aside money for your necessities you can set aside money for luxuries that you may spend throughout the week, say a coffee in the morning or a dinner out.
  4. Finally any money that is left over should be set aside for savings to be used at a later time.
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