When creating a budget, it's important to make sure you spend less than you make. In other words, your income should be higher than your expenses. If your expenses exceed your income, you may need to find ways to reduce spending or find ways to increase your income.Part AUse this information to organize estimated household expenses by monthly amounts.• rent: $13,800 annually• utilities: $5,400 annuallycell phone: $534 semiannually• internet: $204 semiannually• car loan: $2,274 semiannually• insurance: $720 quarterlygroceries: $4,332 annually• gym membership: $288 annuallyentertainment: $420 annually