You just got a new job and now you have an income. How much do you make per year? How much is your paycheck and how often do you receive it? How do you want to spend it? What expenses will you have?
Use a spreadsheet application like MS Excel or Google Sheets to make a budget which shows the day-to day balance of your bank account, considering income and expenses. Remember that Spreadsheets are generally made up of:
- Values (usually numbers)
- Labels (usually letters or verbal phrases)
- Formulas or Functions (a small program within the spreadsheet to do calculations)
Enter values that are already known (such as your income) but use Formulas to make the spreadsheet dynamic. And of course use Labels to show what the data represents.