You can do this by using a spreadsheet or online service, but you can also create a simple sheet of paper. It’s a good idea to keep your expenses in a visible place so you can see them every day.
Once you have your monthly expenses, subtract those from your income. This will give you a better idea of how much you have left over for your side hustle.
A budget can help you find ways to save for your side hustle or other big goals. It will also help you avoid spending on frivolous items that don’t contribute to your goals.
Expensive coffees, convenience store candy and one-click deals are all examples of mindless spending that can really wreak havoc on your budget. The best part is that once you budget, it’s easy to track your spending and see where you can cut back.
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