2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Like everything pleasant, money tends to end. Many families, at best, a few days before the expected paycheck, find that the wallet is empty. How do you learn to spend money wisely and live within your means? How to plan a home budget to always stay in the black?
Developing the right attitude towards money
In fact, the life of a rich person is not much different from the existence of a poor one. Do you think this argument is implausible? Imagine that your monthly income will double, what will you spend a lot of money on? The overwhelming majority of consumers in such a situation (for example, when moving to a more prestigious position) begins to acquire the necessary and familiar things to a higher level relative to the previous ones. In other words, you will most likely have branded clothing that resembles the quality of the existing one, jewelry that has a large mass, a cell phone and a computer of more popular brands. All this is not bad, but does it make sense if your household needs are capable ofsatisfy existing income? This example helps us deduce the first rule of how to plan a home budget: make plans for the available income.
We draw up financial plans and draw tables
There is a fairly simple way to not be left without money. To do this, you need to calculate the total amount of all fixed monthly payments. This includes the cost of utilities, rental housing, if any, education of children, and so on. With a little practice, you will understand how to keep a household budget, and it will not be difficult to fill out expense tables. We receive wages for the month, set aside the calculated amount of money. The remaining funds are divided by the number of days until the next replenishment of income. As a result, we get the amount allowed for the expense per day. For clarity, you can change money and put it in separate envelopes, putting down the dates. If the entire amount is not spent during the day, you can buy something nice for it or save it.
How to plan a home budget and save money?
Aircraft in housekeeping is to bring home accounting to the level of industrial accuracy. In this case, you will need a home budget table in which you will enter a detailed purchase plan. Try to calculate how much food, household chemicals and other household supplies you will need for a week, then feel free to go to the wholesale center and save. Don't forget to budgettransportation, eating out and entertainment expenses. If the family income is average, you may have to save up for some large purchases. It's easy, enter an additional monthly payment for yourself and set aside funds for the desired purchase.
Now you know how to plan a home budget, but there is one more important point to consider: a certain amount of savings should be in any family. Even if you are not going to buy something large or do repairs, there should be a supply. Nobody knows what will happen tomorrow, maybe you will be fired from your job, or you will need money to fix your car. And if you still do not have this reserve, you urgently need to create a certain amount of savings, which you will replenish if necessary.
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