When creating a spending plan you use your gross monthly income.?

When creating a spending plan, it's essential to consider your gross monthly income, which is the total income earned before taxes and deductions. However, for a more accurate reflection of your available funds, it's often better to use your net income, or take-home pay, which accounts for taxes and other deductions. This ensures that your spending plan aligns with the actual money you have available to allocate towards expenses, savings, and discretionary spending. Balancing both gross and net income can provide a clearer picture of your financial situation.