Gail works for an art gallery with an annual income of $44,000. Her net monthly pay is $2,669.33. Her basic monthly expenses are the following. $550 rent: utilities (water, gas, electricity, internet, cable): $310 cell phone: $60 $40 insurance: transportation: food: loan repayment: $65 $300 . $290 $1615 In addition, Gail receives $30 a week on average from a side consulting job and gives $45 a month to charities. How much does she have each month for expenses not listed in her budget? Steps to Create a Budget 1. Calculate monthly. 2. Calculate monthly expenses. 3. Subtract total expenses from income. 4. Allocate any remaining funds to savings, long-term goals, or an emergency fund.