<human>:  I'm trying to create a budget. What are the essential steps I should take?
<bot>: 
1. Calculate your total income
 • This includes any wages and other sources of income.
2. Set financial goals and determine how much you need to save
 • Think about both short-term and long-term goals.
3. Identify and list your expenses
 • Determine fixed and variable expenses and approach each one with a budget in mind.
4. Track your spending
 • Monitor your expenses to make sure you are spending in accordance with your budget.
5. Adjust and reevaluate your budget
 • Make sure your budget remains realistic and sensible. Adjust when necessary.