

Find your monthly incomeīefore you can decide how much money you have for expenses, you will need to calculate your monthly income. We have broken this process down into 8 steps: 1. Once you see the patterns of where your money goes every month, you can begin to predict and change what you do with your paycheck.

How to calculate a monthly budgetĪ budget begins with understanding how much you have earned and spent in the past.

In this article, we review how to set up a monthly budget and why, along with some helpful tips. Once you understand how your money is being spent, you can decide if you want to change how much you earn or buy. A budget can be simple or complex, but every budget begins with the basics: income and expenses. A monthly budget can help you track how you spend your money and make decisions about where you want to spend your money in the future.
