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Frequently Asked Questions

How do you write a budget?

Follow these steps to learn how to write a budget report. List the budget items and budgeted dollar amounts. Record the amount that was actually spent for each budget item. Subtract the actual amount spent from the budgeted amount. This is your over/under amount. Divide the actual amount spent by the budgeted amount.

How do you create a budget?

To create a budget, write down the income you bring in each month, then make a list of all of your monthly expenses. Include fixed payments, such as your mortgage or rent, flexible expenses like your groceries, and discretionary expenses like eating out or hobbies that are not necessary for your survival.

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