Budget for Beginners: How to Make a Budget From Scratch (5 Steps)

Learn how to make a budget for beginners in five simple steps. This beginner-friendly budgeting lesson will help you understand your income, organize your expenses and create a realistic monthly plan for your money.

📚 Continue the complete Beginner’s Personal Finance course:
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In Lesson 2 of Beginner’s Personal Finance, you’ll learn how to:

• Calculate the income available to you
• Identify and organize your monthly expenses
• Separate essential costs from flexible spending
• Include savings and financial goals in your budget
• Check whether your budget balances
• Adjust your plan without feeling restricted
• Create a budget you can realistically follow

A budget is not about removing everything you enjoy. It is a plan that helps you understand where your money needs to go, and gives you permission to spend what remains confidently.

This lesson is designed for complete beginners. You don’t need a complicated spreadsheet, special budgeting app or previous financial knowledge. Bring your income and recent expenses, and start building your first monthly budget step by step.

If you’ve been wondering where your money goes, this is the place to begin.

Follow Beginner’s Personal Finance at @startwithfinance and the lessons in order to build your financial foundation step by step.

This video provides general educational information and does not provide individualized financial, investment, tax or legal advice.

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