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MEL 4EName: Exploring Budgets Go to http://financialplan.about.com/od/budgetingyourmoney/tp/budgeting101.htm. Follow the instructions and complete all questions. Keep in mind what we have talked about

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To fill out a budgeting form, follow these steps:

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Start by writing down your total income. This includes any salary, bonuses, or other sources of income.

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For each category, write down the estimated amount you spend each month. You can base this on your past expenses or make an educated guess.

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Subtract your total expenses from your total income to calculate your monthly savings or deficit.

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Review your budget and make adjustments if necessary. Consider ways to cut down on expenses or increase your income.

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