Question


What is the first step in creating a budget?

Calculate income
Open a checking account
Decide how much to spend
Pay fixed and variable bills
GPT-4o mini
The first step in creating a budget is to **calculate income**. This involves determining all sources of income, such as salary, wages, bonuses, and any other earnings. Once you have a clear understanding of your total income, you can then move forward to decide how much to spend, pay bills, and manage your finances.

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