Step 1: Create a Comprehensive Income List
Identify and document all your sources of income, including your salary, side jobs, and any passive income sources. Be thorough; even small amounts add up!

Step 2: Track All Expenses
For one month, keep a detailed record of every expense. Use tools like spreadsheets or apps like Mint to help. This creates awareness of where your money goes, uncovering areas of overspending.

Step 3: Categorise Spending
Once you have your expenses documented, categorize them (e.g., groceries, utilities, entertainment). This helps you see which categories consume most of your income, guiding prioritisation for budgeting.

Step 4: Set Realistic Saving Goals
Establish clear saving targets based on your income and expenses. Aim for at least 20% of your income to go towards savings. Set milestones—like saving $500 in the first month—as motivation!

Step 5: Adjust and Revise
Review your progress weekly. Adjust your budget based on what you learn from your spending patterns. Be flexible; budgeting is a continuous process that should adapt to changes in your life.

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