Budgeting Basics

Personal Finance
Ian Widensky
Ian Widensky
Budgeting Basics
Budgets can take on many forms but they all contain the same three basic components – income, expenses and an ending balance. 
Income
The income section represents all sources of money. A recent graduate may have employment earning as well as spouse’s income. A practice owner may additionally have dividends (earnings) from practice ownership or other investments and a student may include student loan living expenses, grants, scholarships or monetary gifts from family members. 

Sample Budget | Income Section

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