Creating a budget is not the most exciting thing to do, however it is essential to keep a tab on your finances. It is important to realize, before you create your budget, to provide as much detailed information as possible. Therefore you would be able to conclude where your money is coming from and where is it going. Gather all the financial information including banking statements, recent utility bills and investment accounts in order to create a monthly average. Be sure to record all sources of income, even if you are self-employed or working for a company.