Budgeting for Beginners: Determine your monthly income: This includes your salary, wages, and any other sources of income. List your monthly expenses: This includes fixed expenses like rent, utilities, and car payments, as well as variable expenses like groceries and entertainment . Set financial goals: Determine what you want to achieve with your money, such as paying off debt, saving for a vacation, or building an emergency fund. Prioritise your expenses: Decide which expenses are essential and which are discretionary, and allocate your money accordingly. Create a budget: Use a budgeting tool or spreadsheet to track your income and expenses, and adjust it as needed to stay on track. Budgeting for Advanced:Review your spending habits: Analyse your spending over the past several months to identify areas where you may be overspending or where you can cut back. Use a cash flow statement: Create a cash flow statement that tracks your inflows and outflows over a period of time, and use it to identify areas where you can save money.