PRACTICAL GUIDE
How to create a personal budget from scratch
Organize your income and expenses to see how much you can save each month.
Write down your net income
Include your salary, recurring side income and other predictable money.
Categorize expenses
Separate housing, food, transport, debt, entertainment and occasional costs.
Calculate your balance
Subtract total expenses from income. If negative, review variable expenses first.
Review monthly
Compare your budget with actual spending and adjust categories.
Worked example
If you earn €1,800 and spend €1,450, you have €350 left before unexpected costs.
These examples are educational and may not fit every situation.
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