When it comes to personal finances, creating a realistic budget is the crucial first step towards financial stability. It's a simple yet powerful tool that can help manage your finances and align your expenses with your income. In this blog, we'll guide you through a step-by-step approach to creating a realistic budget and help you step up your saving game! Photo by Tima Miroshnichenko Calculate Your Monthly Income The first step in creating a realistic budget is to track your monthly income. This includes your salary, any additional sources of income, and bonuses. Make sure to consider all sources of income you receive each month, so you can accurately assess your financial standing. Identify Your Fixed and Variable Expenses The next step in creating your budget is to identify and categorize your expenses. Fixed expenses are those that stay the same each month, such as rent, insurance, and car payments. Variable expenses change from month to month, such as groceries, enterta...