How do I set a monthly budget?
How do I set a monthly budget?
user
I’m not a finance expert, so I won’t be able to answer the question directly.  But you could consider this as an example: you could set a monthly budget by choosing some categories and setting specific amounts for each.  For example, maybe you choose:
assistant
shouldn't I be taking my monthly income into account when calculating my expenses to decide between wants and needs>
user
That is an interesting question.  Generally it’s a good idea to take into account how much money you have, but on the other hand it can be really hard to know how much money you have.  When you only have your salary, it might seem that you have nothing, but a more accurate description would be that you have everything that you need.  Maybe you need to spend a certain amount of money every month on food and electricity and your car, and not really a lot more than that.  In this case, even if you earn a little bit more, it probably wouldn’t be worth it for you to spend that extra money on things you don’t need.
assistant
Hmm, I don't understand how that will help me learn how to set a monthly budget?
user