Don't include entertainment expenses or eating out, since these are discretionary expenses. Non-discretionary expenses include mortgage or rent payments, taxes, insurance, utilities, childcare, and groceries. Subtract your non-discretionary expenses from your income. For instance, you could use Intuit's to keep track of your expenses. There are lots of budget tracking programs available to help you understand where your money is going.If you have an online bank account, you may be able to go through your purchases that month and get a more accurate sense of how much you spend on unnecessary expenses. You may not know exactly how much you spend each month, but try to get a rough estimate. This includes eating out, shopping, entertainment, as well as food in general. You should also consider expenses that aren't necessary, but that you pay for each month.Do you have medical bills? Credit card payments? Insurance payments? Student loans? Take these into account as well. However, think of the not so obvious things as well. This includes the obvious, like rent and utilities payments. To start making a budget, you'll have to write down all the expenses you have during the course of a month.
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