So that you can manage your monthly budget effectively in the future and have a precise understanding of the sources and uses of your funds, it makes sense for you to first gain an overview of your income and expenses.
All you really need to get started is a piece of paper or a notebook, a pen, and a small box (e.g., a shoebox) or a sturdier, larger envelope. You could also directly input your initial recordings into a spreadsheet program, but that might hinder you in this step. It’s only in the subsequent step that your smartphone, tablet, PC, or the internet will provide good assistance.
It’s practical to distinguish between your regular or recurring income and expenses on one side and irregular or variable ones on the other. Since regular income is usually the easiest to record, start with that.