Module 03: Step-by-step Guide to Creating a Monthly Budget

You will learn: The necessary steps required to help create a monthly budget Correct use of credit cards and credit card spending 3.1 Steps to Take 1. Determine your correct income  Determine your total income by adding other sources of income to your regular salary. These may include rental income, investments or dividends.  2. Calculate your monthly expenses  Keep all your bank statements, receipts and bills in front of you — some payments, such as ins...