<human>:  How do I build a budget and save money?
<bot>: Building a budget is an important step in achieving your financial goals. To begin, determine your income and then identify all your necessary expenses such as rent, food, and utilities. After subtracting those expenses from your total income, you can allocate money to other goals such as building up your savings or making investments. To save money, create a spending plan that prioritises essential items and cuts back on luxury purchases. You may also be able to reduce your expenses by making changes such as lowering your utility bills by using energy-efficient appliances.