If you have an irregular monthly income, then determine your average monthly income. Make sure to list all of your income if you have more than one sources of income. The first step is to determine your after-tax monthly income. 10 Steps to Budget and Save Money Step 1: List All Your Income then Add Them To Determine Total Monthly Income
IS YOU NEED A BUDGET FREE HOW TO
My goal in writing this article is to give you step-by-step instructions on how to budget to enable you to have money when you need it. Today, I will share to you my 10 steps to budget my income which helped me save money and live a financially-stress-free life for 30 years and counting. If you need more convincing why budget is important, then please read, “ Why Budget is Important?” every items and/or activities in our life competes for our money, so if we do not dictate where it should go, then we can expect that it will disappear without a trace. We need money to buy food, to pay for our shelter, to afford kid’s tuition, etc. It is essential to make a budget because money is a limited resource but it is used virtually in every part of our lives. Wherever you are in life or no matter how big or small your income is, budgeting should be a very important part of your life! What is a personal budget and why it is important?Ī personal budget is a plan on how you will use your monthly income to fund or pay off your estimated expenses for the month. You will be surprised how a simple budget can help. Or maybe you are on the blessed side and you don’t need to worry about money, but do you know how much you earn and how much you spend? Do you not fear that maybe one day, your card will be declined while purchasing a very important purchase? Are you struggling to make ends meet? Are you living pay cheque to pay cheque?
0 kommentar(er)
