How to Create a Monthly Budget- TakeFin

1. How To Create A Monthly Budget

2. How To Create A Monthly Budget Do you know where your money is going each month? Do you know where it went yesterday? It is really important to keep track of your expenses. It is useful to make a budget for your future planning.  Tracking your spending helps you to identify the expenses and you can control it. If you know the reason for expanding your money, where you spend you can utilize your money in a good way.  The main reason to track your expenses is to create financial awareness. Making a budget and sticking to it is important to a strong financial future and can help you achieve your financial goals.

3. There are basic steps to create a monthly budget • Identify your income • Count your expenses • Plan a budget • Track it • Add all record  • Check it monthly

4. Identify Your Income: First of all make a list of all your income sources. Note down all your income and calculate it. • Count your expenses: After making all your income sources list. Prepare a list of your expenses on a regular basis like mortgage loan, rent, electricity bills etc. prepare a sheet and mark all expected expenses along with the cost.

5. Plan a budget: Plan your budget before the starting month. Determine all income, and getting clear that how much money you want to save monthly. Keeping income and expected expenses in mind, wisely plan a budget amount.

6. Track it: It is advisable to track your expenses. TakeFin app is available to track your expenses without hustle. It gives a digital view of your expenses data such that you can compare it daily, weekly, monthly and yearly basis for smart budget planning for your expenses. Add expenses record to the budgeting app and get a clear, readable, and decision making expenses data.

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