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  3. Basic Personal Budgeting
  4. How To Budget

To learn how to budget involves following these three easy steps:

  1. Calculate income – understanding how much money you are making is the first step to knowing how much you can spend.
  2. Define expenses – you need to understand what you currently spend your money on. This information is used to plan how to allocate your money in the future.
  3. Track spending – to ensure you are within your planned amount

The following sections elaborate on the steps need when learning how to budget.

Calculate Income

In order to know how much you can spend, you need to know how much you are making. See the section called Calculating Income to learn how to calculate your income.

Defining Expenses

Expenses are the things you spend money on like food, bills, and leisure activities. See the section on Defining Expenses to learn how to identify and categorize your expenses.

Tracking Spending

In order to make sure you are within your budget, you need to keep track of your spending. See the section on Tracking Spending to learn some techniques for doing this.


As you can see, to learn how to budget does not involve anything too complicated or time consuming.  And once you’ve learned how to budget you can start to get out of debt and and find the money to cover your expenses.

Related Pages

Why Budget
What Is Needed To Make A Budget
How To Budget
Calculate Income
Defining Expenses
Tracking Spending
Personal Budget Example
Personal Budget Tools
Budget Allocation Tool