Answer:
The first step in balancing a budget is to determine how much money you have coming in and how much money you have going out. This means looking at your income from all sources, such as your salary or wages, any investments or other sources of income, and any government benefits or other forms of assistance. It also means looking at your expenses, including things like your rent or mortgage, utilities, food, transportation, and any other regular expenses you have. Once you have a clear idea of your income and expenses, you can start to plan how to manage your money in order to balance your budget. This may involve cutting back on certain expenses, finding ways to increase your income, or a combination of both.