<human>:  How do I go about creating a budget for my household?
<bot>: 
1. First, you need to assess and list out all of your sources of income and expenses.
2. Once you have an accurate list of income and expenses, you should work out a budget plan which will set up how much you have to spend and save each month.
3. To do this, you should start by allocating a certain amount of money to cover essential expenses, such as housing, food, transportation, and utilities.
4. Then, you can allocate a specific amount for discretionary spending, or for saving for a longer term goal.