Most people carry around a lot of financial stress, often centered around uncertainty and having debt.
Creating a realistic budget is important because you want to know exactly what is coming in and going out in a month.
For variable income, be careful how much you take into your budget. You don’t want to incorporate passive income that varies per month, or bonuses that are not guaranteed.
Your estimations may be way off, taking realistic expenses is a much better way to get an accurate budget ASAP.
When you’re setting up a budget, it’s important that you are checking it regularly.