Step 1 : Track daily spending
Step 2 : Determine Income and Expenses
Step 3 : Find ways to decrease spending
In order to create a realistic working budget, you must first be aware of where your money goes . Tracking your daily spending can be done in a number of different ways: record in a checkbook register, store in a spreadsheet, or load into a budgeting program.
You can use your daily spending tracker to see your spending trends over a period of time .The more diligently you are about tracking your spending the better picture you will have .
First , let’s track where you spent money this week.