Creating a Budget: Fundamental to sound financial footing is knowing where your…

Creating a Budget: Fundamental to sound financial footing is knowing where your money is going. 1. What is your monthly income? 2. Next what are your monthly expenses? – Rent/mortgage, including insurance. – Food/groceries. – Utilities/Kitchen and Bath essentials. – Transportation expenses: Auto insurance, fuel, bus pass, cab money, etc. – Minimum debt payments: Auto loan, student loans, credit cards, lines of credit, personal loans, etc. – Non-essential bills: Satellite/cable, phone, internet

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