1. Section 3.3

2.  Step 1: Set Your Financial Goals

3.  Step 2: Estimate Your Income

4.  Step 3: Budget for Unexpected Expenses

5.  Step 4: Budget for Fixed Expenses

6.  Step 5: Budget for Variable Expenses  Expenses that change monthly  When in doubt guess on the high side  Consumer Price Index

7.  Step 6: Record What You Spend  Your budget is complete  You must track your actual income and expenses  Your spending will not always work out as planned  Budget Variance

8.  Step 7: Review Spending and Saving Patterns

9.  Pay yourself first  Set aside a fixed amount of savings before you pay bills  Consider your savings a fixed expense  Payroll Savings  Spend Less to Save