How to do a budget

Easy steps to plan and manage how you spend your money

Having a budget helps you see where your money is going. You can put aside money for bills and expenses and set up a plan to reach your financial goals.

Follow these steps to get started. Use how often you get paid as the timeframe for your budget. For example, if you get paid weekly, set up a weekly budget.

1. Record your income

Record how much money is coming in and when. If you don't have a regular amount of income, work out an average amount.

Read More: https://moneysmart.gov.au/budgeting/how-to-do-a-budget