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How Budgeting Works: Income, Expenses & Smart Monthly Planning

How Budgeting Works: Income, Expenses & Smart Monthly Planning

Budget Calculator 

How It Works

Budgeting helps you meet your goals and prioritize your expenses. Creating a list of how much money comes in and how it’s spent is the first thing you should tackle when trying to figure out how to make a budget. This income budget calculator provides a way to create such an expense list. And, as you enter your information, this calculator will help you consider how to create a budget plan that will work efficiently for you. To use the calculator:

  • Enter your monthly, after-tax income.
  • Select Add Another to add an expense.
  • Use the dropdown arrow for each expense to adjust the label or delete it entirely.
  • To the right of each individual expense, enter its cost or how much you plan to spend.


 

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