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The first step in creating a budget is to calculate income, followed by listing expenses to create a budget plan.
The first step in creating a budget is to calculate income. This involves determining how much money you have coming in each month from various sources such as wages, allowances, or other forms of income.
Once you have a clear picture of your income, you can then move on to listing your expenses which include fixed expenses like rent and variable expenses like groceries, so you can create a budget plan that aligns with your financial situation and helps you manage your money effectively.
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