Creating a budget in 10 easy steps

Here are my 10 easy steps for creating a budget that works.

1. List your income
2. List your expected expenses
3. List your actual expenses
4. Compare the money left over, or lack of money between your income and actual expenses
5. Try and set realistic expected expenses
6. Each month try and lower your expected expenses or remove some altogether.
7. If you have left over money, look at way of channelling it into areas that will make you more money.
8. Use your budget spreadsheet graphs to visualise which parts of your budget are taking up more money than others
9. Print your graphs and share with family
10. Ensure you spend 1 day per week updating your budget

Any other budgeting tips for someone looking to create a budget?

Drop us a comment and do remember to check out our budget spreadsheet!