Topic: How do you Manage your Budget? (Read 384 times)
Managing the budget is a difficult thing sometimes I make a list of my expenses for a particular month and decide
just get a notebook and a bank acct
always jot down what you buy and deposit some money it doesnt have to be big at first just have patience and itll work
always jot down what you buy and deposit some money it doesnt have to be big at first just have patience and itll work
I say that depends, country and I suffer a bit since I am from Venezuela and our economy is very bad, but I try to buy everything today, because tomorrow I do not know if it cost twice what it cost, so I manage the little that I earn to buy everything I need, the only way I can save is buying dollars and keeping them
Keep your budget in crypto. It`s a better way to save them.
I can see that having money in crypto would make it less convenient to spend money. This could be a good place to keep some of your saving. I don't think it is really an answer to the question though. It can only be part of the answer. A budget is a financial plan. It needs to account for what income you will have and was expenses. You use to to make sure you have enough money for all the things you need/want. I would be careful with your suggestion, as crypto markets don't seem very stable. It would be sad to lose all your savings in crypto currencies.
Write down on a paper all your sources of income and all expenses, then try to possibly minimize the expenses. It's a great way to do shopping by writing down everything you need to buy, you won't spend more money than needed.
Hello,
Usually, I try to do next: I don't save money when It comes to buy good and natural food. But I save on clothes buying medium-priced ones, I save on phones, computer, and other stuff. Calculating, It is almost 20-25 % per month from my income being saved. And this one is for Dark days
Usually, I try to do next: I don't save money when It comes to buy good and natural food. But I save on clothes buying medium-priced ones, I save on phones, computer, and other stuff. Calculating, It is almost 20-25 % per month from my income being saved. And this one is for Dark days
Keep your budget in crypto. It`s a better way to save them.
I plan my budget according to my income and reduce all unnecessary expenses which will exceed my income
I do not agree, spending should not be reduced.
but income should be added.
I conserve energy or to make me money to take my budjet
I plan my budget according to my income and reduce all unnecessary expenses which will exceed my income
I do not agree, spending should not be reduced.
but income should be added.
Unfortunately, I dont. I tried to save a bit here and there, but usually I just spend everything on concert tickets, PC upgrades or something.
When shopping monthly, make a list of the most important. then find the cheapest price with the same type of goods compare the brand one with another. The most important is the benefits and the cheap price. look for discounts. Set aside some money from income for savings, for example if at any time there is an urgent and very important need. That's what I do.
Spend all my money
dont manage at all
dont manage at all
To manage my budjet i didn't buy things i dont really need.
I manage the budget by prioritizing by critical and non-critical things.
Critical things are rent/mortgage, food, car and car insurance, utilities (water, gas, electric), at least one cell phone, and internet because I work from home.
Food shopping and mortgage are probably the biggest bills I have. I'm pretty frugal with food shopping, try to buy in bulk, and portion out meat by serving or meal before it goes in the freezer.
Instead of paying hundreds of dollars on a fancy cellphone & contract, I use a tracfone. Spent $20 on a dumb phone and maybe spend on average less than $15/month on service. I use an old iPhone for apps on wifi. Quit cable and get Netflix or Amazon Prime subscription.
Don't go out to eat. Cook from scratch. Stop buying coffee from DD.
Dive into thrift shops for "new" clothes or miscellaneous things around the house.
Going from "abundance living" to frugal living takes some adjustment. You'd be surprised how much you can save.
This is some good advice. I thought I'd just elaborate on your critical/non-critical idea. Cutting expenses is a great idea. There are a lot of ways to do it. The priority though should first be to establish how much much you have and how much you spend. Figure out how much your critical things cost first. Pay the things you absolute must as soon as you get your paycheck. This would be rent, insurance, utilities, monthly bills (internet, cell phone). They you'll see how much money you actually have left to spend. Pay off any consumer debt you have ASAP, starting with the the debts with the highest interest. Writing everything down will help more than anything. Then you can figure out have much you have to spend on food and whether or not anything will be left over. Critical things are rent/mortgage, food, car and car insurance, utilities (water, gas, electric), at least one cell phone, and internet because I work from home.
Food shopping and mortgage are probably the biggest bills I have. I'm pretty frugal with food shopping, try to buy in bulk, and portion out meat by serving or meal before it goes in the freezer.
Instead of paying hundreds of dollars on a fancy cellphone & contract, I use a tracfone. Spent $20 on a dumb phone and maybe spend on average less than $15/month on service. I use an old iPhone for apps on wifi. Quit cable and get Netflix or Amazon Prime subscription.
Don't go out to eat. Cook from scratch. Stop buying coffee from DD.
Dive into thrift shops for "new" clothes or miscellaneous things around the house.
Going from "abundance living" to frugal living takes some adjustment. You'd be surprised how much you can save.
Its really easy to manage budget, just always be wise in buying goods look for an item that not so expensive but affordable don't buy expensive especially if they not really necessary always save money at least 20% of your monthly salary to have savings if they need.
A lot of families have always have the challenge of managing their budgets especially on pay day. Most families exhaust their monthly earnings just midway into their pay day, while they struggle for the remaining half of the month.
My question to you is this: How do you manage your budget in order to save for the rainy days?
My question to you is this: How do you manage your budget in order to save for the rainy days?
I think it's not about saving, but about stopping spending money on unnecessary things, which in a short time will fly into the trash, in general this is a big topic and it's easiest to start studying it with a minimalist theme.
It's quite easy to save money if you didn't buy all the ridiculous consumer items that most people buy. Most stuff people buy is not needed and overpriced. People pay 200 dollars for a pair of shoes because it has a jordan logo on it, the world we live in......
Managing budget is quite a difficult task but with proper planning one can scale through without running into lack
First you draft out a scale of preference then you spend having in mind that day to day expense will be made... With this should not run broke
First you draft out a scale of preference then you spend having in mind that day to day expense will be made... With this should not run broke
I manage the budget by prioritizing by critical and non-critical things.
Critical things are rent/mortgage, food, car and car insurance, utilities (water, gas, electric), at least one cell phone, and internet because I work from home.
Food shopping and mortgage are probably the biggest bills I have. I'm pretty frugal with food shopping, try to buy in bulk, and portion out meat by serving or meal before it goes in the freezer.
Instead of paying hundreds of dollars on a fancy cellphone & contract, I use a tracfone. Spent $20 on a dumb phone and maybe spend on average less than $15/month on service. I use an old iPhone for apps on wifi. Quit cable and get Netflix or Amazon Prime subscription.
Don't go out to eat. Cook from scratch. Stop buying coffee from DD.
Dive into thrift shops for "new" clothes or miscellaneous things around the house.
Going from "abundance living" to frugal living takes some adjustment. You'd be surprised how much you can save.
Critical things are rent/mortgage, food, car and car insurance, utilities (water, gas, electric), at least one cell phone, and internet because I work from home.
Food shopping and mortgage are probably the biggest bills I have. I'm pretty frugal with food shopping, try to buy in bulk, and portion out meat by serving or meal before it goes in the freezer.
Instead of paying hundreds of dollars on a fancy cellphone & contract, I use a tracfone. Spent $20 on a dumb phone and maybe spend on average less than $15/month on service. I use an old iPhone for apps on wifi. Quit cable and get Netflix or Amazon Prime subscription.
Don't go out to eat. Cook from scratch. Stop buying coffee from DD.
Dive into thrift shops for "new" clothes or miscellaneous things around the house.
Going from "abundance living" to frugal living takes some adjustment. You'd be surprised how much you can save.
Im a office boy i can manage may budget maybe 800 pesos a week because i always bought in supermarket can goods and noodles but i didnt eat this everyday.. i eat that every another day. Come on you may try that maybe u can budget your own in 600. I didnt drink alcohol in critical week before salary.. hehe
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