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Once you have a proper idea of your expense and spending habits, itís time to start off with a simple budget. Again, you donít really need a formula or great tips on budgeting. Itís this simple: Jot down what your net salary is. Take a small amount as your saving. Tipsforinvesting.net Then, assign amounts to your necessities first and entertainment later. However, make sure this amount is less than what it was earlier in the bills.First month, it would be quite difficult as you arenít habituated to a budget and frugal living. However, once you get the feel, start reducing the amount assigned to each category and gradually increase the savings. Living with a budget isnít difficult if you are disciplined and dedicated. Also, donít try to push too hard to repay all your debts at once. Itís a slow and gradual process. Instead of adopting a quick change, try to adopt a behavioral change.