tag:blogger.com,1999:blog-55187904155458042292024-02-19T07:29:56.728-08:00Family Budgetabuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5518790415545804229.post-5823214323686780842010-11-22T18:29:00.000-08:002010-11-22T18:29:26.525-08:00<div id="body"> Are you looking for the ways to manage your finances? Well, you can do it effectively by creating a monthly budget planner. By means of free monthly budget worksheets, you can manage your finances to the extent satisfying the needs of your family members and managing to invest some for your future, as well. These sheets are versatile, easy to use and printable.<br />
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Today, Internet and technological advancement has eased our life to a great extent. Various software applications allow us to accomplish an assortment of tasks in quickly and simply. If you have a laptop or PC, then you can download free management software's, which will aid you to design free printable monthly budget planner worksheets.<br />
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While designing your budget planner worksheets, you should focus on the core categories that include: <br />
- Total monthly gross earnings <br />
- Monthly debts <br />
- Monthly accommodation expenses <br />
- Monthly family expenses <br />
- Monthly travel and vehicle expenses <br />
- Miscellaneous expenses <br />
- Total net monthly income<br />
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Household expenses will cover mortgage or rent, casualty and property, taxes, payments, household repair and utilities. Automotive expenses comprise of gasoline or petrol expenditure, car loans, auto insurance, repair and maintenance etc.<br />
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Miscellaneous expenses will include different categories like: <br />
- school or childcare, <br />
- clothing, <br />
- family entertainment- magazines, newspaper, cable, videos <br />
- vet, medical <br />
- association dues or memberships <br />
- life insurance and investments <br />
- gifts, vacation<br />
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Now, you are ready with the sheet. At the top of monthly budget planner, there will be a figure, indicating the total monthly income. Sum up all the expenses for each category. This will be your monthly expenditure. Now by subtracting this amount from your earnings, it will give your net revenue balance.<br />
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There are several benefits of using a free monthly budget planner. You can create it very easily. Definitely, it eases your task to manage your finances for the entire month and gradually for the year, as well. It is essential to see that your expenditure will be less than the earnings. By just having a glance at the sheet, you can determine areas where you can save, as well as the areas that occupy highest expenditure, etc. Based on this monthly budget planner, one can make suitable variations in their expenditure as well as think of ways to boost their monthly revenue.<br />
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</div><div class="sig" id="sig"> Successful budgeting techniques start with your personal budgeting goal. Budgeting does not mean that you are going to deprive from all the fun. Good budgeting is less stress,if you are interested to know more about different budgeting techniques. Free information - <a href="http://www.mybudgetingsite.info/" target="_new">http://www.mybudgetingsite.info</a><br />
</div><div style="margin-bottom: 1em;">Article Source: <a href="http://ezinearticles.com/?expert=Swapna_Majumdar"> http://EzineArticles.com/?expert=Swapna_Majumdar </a> </div>abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-72807086929687208692010-04-14T20:53:00.000-07:002010-04-14T20:53:08.611-07:00Tips on How to Save Money When Shopping<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqVW6eiLZQHh1SISWT42pNiCQQjmY5DJlY_jByJDCxxp3_p4JgdxB0jMCXxGQZrm6q8GO6bHV3qCb8L-n-NzSK70hBDc6I1Aizl0-usJDk93ZVxWU3rNY1v_MX97hpS1iEhfTgKS0H3a1S/s1600/Shopping+Logo+TSS.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqVW6eiLZQHh1SISWT42pNiCQQjmY5DJlY_jByJDCxxp3_p4JgdxB0jMCXxGQZrm6q8GO6bHV3qCb8L-n-NzSK70hBDc6I1Aizl0-usJDk93ZVxWU3rNY1v_MX97hpS1iEhfTgKS0H3a1S/s320/Shopping+Logo+TSS.jpg" /></a></div>Shopping is very addictive. Most of the time, the household budget is sacrificed once you go shopping. Shopping should not give you headaches as long as you know how to budget. Here are the things that you need to remember:<br />
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1. Always remember to spend your money wisely whenever you go shopping. Bring only the exact amount of money you need in buying your items. To ensure that you only buy the important things, you have to make a list of the items that you need to buy. You may then budget your money wisely and will prevent you from buying things that are not that important.<br />
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2. It is advisable that you compare prices from different stores before buying an item. Do not limit yourself to just one store. There are stores that offer the same quality but can have a lower price. A smart thing you may do is to be attentive to the prices of the items that you buy regularly when shopping. There are instances that a store has an untimely changing of prices on different items. <br />
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3. It is recommended that you do your shopping during the end of the season. Prices of many items, especially clothes, are very low and affordable during this time of the year. You may buy clothes in the months of August and September if you are looking for bargain clothes for your summer wear. <br />
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4. You may shop in dollar stores where you can find items that are on sale and where prices are low. Although the quality of some items is not the same when you buy in malls and shopping galleries but the merchandises are still new and not yet used. These stores can provide you the best prices that can cope with on your budget. <br />
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5. Another way to save money while shopping is to economize the travel you make in finding the stores you want to buy an item. You may take a stop on your daily route to check if the items you buy regularly have not changed their prices or are still in the price of your budget. You may purchase the item even before you do your shopping schedule. This can save you fuel and time.<br />
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6. Try to find discount stores that offer quality items that have discounts and can offer a very affordable price on your desired item. The prices on discount stores may vary depending on the season of the year. These stores can be located in large shopping areas like in malls and shopping galleries.abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-22116707242377222172009-11-26T05:54:00.000-08:002009-11-26T05:58:19.076-08:00IMPORTANCE OF SAVING: SAVING THE BEST FOR LAST<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglVXDqKtSHwEiXNbHyYagI4Ptf7bYHDdylj0iPMyIAoQokqhXpxDtEPDFqBMFonscL15TkgMjAEF3pWDYjgJgpt1OmkrQYwWHg7dpk1Lv3vGjvsrpdJpcerr1BxNWh1gWfB_pmKU3Ru6sk/s1600/money.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 320px; height: 320px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglVXDqKtSHwEiXNbHyYagI4Ptf7bYHDdylj0iPMyIAoQokqhXpxDtEPDFqBMFonscL15TkgMjAEF3pWDYjgJgpt1OmkrQYwWHg7dpk1Lv3vGjvsrpdJpcerr1BxNWh1gWfB_pmKU3Ru6sk/s320/money.jpg" alt="" id="BLOGGER_PHOTO_ID_5408410993920321794" border="0" /></a><span style="font-weight: bold;"><br /><br /></span><div style="text-align: justify;"><span style="font-weight: bold;">The</span> value of money cannot be underestimated. In a recent national survey, more than 96% Americans agreed that early monetary savings would help one achieve a fruitful and stable life.<br /><br />Saving is a way of insulating oneself from the many symptoms of health and natural adversity. While an average youth of yesteryears thinks more about short-term financial goals such as purchasing a new pair of signature shoes, owning a new jet ski or a brand new car, statistics show that more and more are starting to realize the importance of keeping a personal savings.<br /><br />Long terms goals are described as goals that have a lasting effect should a person’s present actions be religiously maintained.<br /><br />The following statements are outlined to provide information and tips on how you can start up your money-saving gimmicks and ensure a happy and financially stable future and list the reasons as to why saving money should occupy a greater place in our list of priorities in life.<br /><br />Reasons for Saving:<br /><br />- Saving for your Future and Present Needs – Saving today will provide you with flexible financial resources in the future.<br /><br />Keeping at least 20% of your monthly earnings while using the other for your household, personal and unexpected expenses will surely play a big part in your pursuit for a stable future.<br /><br />- Saving for an Investment Need – Savings can also be a source of your future capital for engaging in business enterprises.<br /><br />It will provide you more opportunity for venturing on your unexplored talents and earn you a huge potential in increasing your money exponentially.<br /><br />- Saving for your Retirement – More than 23% of today’s elderly were shown to have failed in one instance in their lives, to save and strategically used their money for preparing their way to retirement. As a result, these folks extend their entire retirement career working on an equally satisfying job that pays them enough to cover their basic expenses.<br /><br />Keys to Fulfilling your Saving Goals:<br /><br />No matter how good our intentions and objectives for saving are, we should also take note that goals can fall and touched the following baselines or characteristics.<br /><br />- Attainability – Goals should be something attainable and one which can be achieved without you doing something extraordinary or illegal. A little amount of patience and hard work are key.<br /><br />- Consistency – Changing your goals from time to time due to incidents that may arise in the near future are sure ways to deterring your intention to save.<br /><br />While we need to focus on the present incidents, we also need to take hold of our original intention and continue until you have gained enough leads to get it.<br /><br /></div>abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-51708928935108083252009-10-01T23:48:00.000-07:002009-10-01T23:54:38.765-07:00Budget Like MomBudgeting is truly the turf of most mothers. Aside from the traditional role imposed on mothers as the one who budgets the family finances, mothers have the instincts and foresights on what might happen in the future.<br /><br />But how do moms really stretch the budget? She neither uses complicated formulas nor magic tricks but simple ingenuity and common sense. Peek in through moms’ secrets in budgeting and learn. Role modeling is a good way to encourage attitude, especially towards money.<br /><br />1. She clearly knows where all the money goes. Usually it goes to child care apart from the housing, health insurance, food and clothing. It is unlikely for her to cut cost on her children.<br /><br />2. She studies all options given to her in terms of child care. Before she decides, she examines all aspects like safety, health and education.<br /><br />3. To understand more, she talks to local child-care specialists and works out schedules with her employer for bonding time with kids.<br /><br />4. For working moms, it is double the effort. They take care of the house and the children and at the same time work. She incorporates practical ways to accomplish both roles.<br /><em>• Wearing professional clothes than trendy ones.• Stays elegant but simple through a combination of basic colors.• Dry cleaning costs a hefty amount, so, she dons on wash-and-wear clothes.• Tone down on accessories.• She engages in a lot of do-it-yourself habits like in cleaning spots and ironing wrinkles in her personal wardrobes.<br /></em><br />5. Moms always shop with a list in her hand to keep track of her budget and expenses. She makes sure she does not exceed. Also, she has no time for checking out tempting stuff at the shopping mall.abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-79448164792005034022009-09-06T01:26:00.000-07:002009-09-06T01:29:07.205-07:00Tips on How to Teach Your Kids to Save MoneyA lot of teens nowadays do not understand the value of earning and spending money. They were not oriented that investing is necessary even if they are still students. As parents, you play a crucial role in this area.<br /><br />You should be able to teach your kids on how to save money. They should be able to understand the concept of money and investment as early as childhood. This will prepare them to learn money management, as they grow old.<br /><br />Here are some tips on how you can teach your children how to save money:<br /><br />1. Your children should be educated of the meaning of money. Once your children have learned how to count, that is the perfect time for you teach them the real meaning of money. You should be consistent and explain to them in simple ways and do this frequently so that they may be able to remember what you taught them.<br /><br />2. Always explain to them the value of saving money. Make them understand its importance and how it will impact their life. It is important that you entertain questions from them about money and you should be able to answer them right away.<br /><br />3. When giving them their allowances. You need to give them their allowances in denominations. Then you can encourage them that they should keep a certain bill for the future. You can motivate them to do this by telling them that the money can be saved and they can buy new pair of shoes or the toys they want once they are able to save.<br /><br />4. You can also teach them to work for money. You can start this at your own home. You can pay them fifty cents to one dollar every time they clean their rooms, do the dishes or feed their pets. This concept of earning little money will make them think that money is something they have worked for and should be spent wisely.<br /><br />5. You can teach them to save money by giving them piggy banks where they can put coins and wait until they get full. You can also open bank accounts for them and let them deposit money from their allowance. You should always show them how much they have earned to keep them motivated.<br /><br />Money and saving is not something that is learned by children in one sitting. You should be patient in teaching them and relating the value of money in all of their activities. Children will learn this easily if you are patient and consistent in guiding them and encouraging them in this endeavor.abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-40787775088914752272009-07-28T18:25:00.000-07:002009-07-28T18:32:51.916-07:00A Little Goes a Long Way: Smart Secrets to BudgetingThere’s nothing more we want than to be able to efficiently manage our money. After all, the money that we want to manage is money that is oftentimes, hard earned. This is where a budget comes in. A budget executed properly, should help you see where your money is going, get more utility out of every buck, and help you save some extra for future use.<br /><br />The first smart secret to a budget is to set a goal. What do you want to achieve? Do you want to correctly appropriate your income into bills payments? Do you want to put an amount aside for a big purchase or a huge investment? By having a goal, you will be able to shape your budget to best serve your interests.<br /><br />Secondly, you would want to take note of where your money usually goes. This includes bills, major but regular purchases (like grocery costs, healthcare costs, and the like), and everyday miscellaneous purchases. Only when you list down where you know your money usually goes will you be able to identify which expenses you can do without. Once you’ve identified these regular expenditures, take into consideration what you can cut back on. How much do you spend on your daily caffeine fix in the morning? How much do you spend on newspaper deliveries to your front door? The measly $2 or $5 of these small purchases cumulatively translates to more than $3600 a year! Instead of buying your expensive latte or reading the newspaper on print, put aside the amount you would usually pay for these small routine purchases in a small container. You will be surprised at how much you’re saving out of your older budget.<br /><br />Being indebted is a vicious cycle on its own. You’re talking about continuous payments, not to mention huge interest rates. The best way to deal with this is to pay the minimum on all of your debts in order to avoid paying extraneous late fees. Whatever cash excesses you may have, you can opt to add on to the payments you make in your biggest debt. This way, you are concentrated on getting the biggest debts first that cost you the greatest interest rates. Doing this progressively, you’ll be amazed at how much you’ll get off your huge debts.<br /><br />The last and most important step is to jot down the amount you earn the sum you spend. You can make use of computer cash management programs, or make database sheets of your own. Make a system that works for you and will help you keep track of your monthly budgeting progress.abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-41740358087542624162009-07-10T01:20:00.000-07:002009-07-10T01:45:53.569-07:00Why Banking Works<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikgjNjVzh-EM_ku-yMPKU_m5BCIRv8GJejAZtRIen-cmbqvncGDBF_nVRaJYYdf5-M-ZP2EvGK52OpXbAq29BuxaIGcLILLBIqkyva0jmXYaT5nYFTM-LlEFTE8cwuCTSGln5DtDgnqEwm/s1600-h/money-house-main_Full.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 266px; height: 300px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikgjNjVzh-EM_ku-yMPKU_m5BCIRv8GJejAZtRIen-cmbqvncGDBF_nVRaJYYdf5-M-ZP2EvGK52OpXbAq29BuxaIGcLILLBIqkyva0jmXYaT5nYFTM-LlEFTE8cwuCTSGln5DtDgnqEwm/s320/money-house-main_Full.jpg" alt="" id="BLOGGER_PHOTO_ID_5356749755290482530" border="0" /></a><br />When it comes to financial management, even business professionals reach a consensus as to what is the most effective, reliable, and secure means to manage your money, and that is through the bank. Your bank is an effective means to manage your bills payments, keep track of your transactions, receive your income and whatever extraneous cash inflow, and help you save effectively.<br /><br />The last one is perhaps the most obvious feature of the bank that people do not take advantage of. A bank, being a financial intermediary, can actually help you save money efficiently. Here’s how.<br /><br />First, you are required to keep what is called a maintaining balance in your bank account. This means that even if you make deductions in your account, the bank requires you to save a bare minimum in order to continue enjoying their services. And yes, that translates to a forced saving on your part.<br /><br />Another feature of bank saving is the fact that you are free to continuously add to your account whenever you can. Otherwise, your money will remain safe in your bank. Moreover, while it’s staying in the bank, you are actually earning interest rates on your money.<br /><br />What are savings interest rates? These are payments made by the bank to you for leaving your money in the bank. By depositing your money in the bank, your bank utilizes a portion of it in its loan operations where it subsequently earns through interest and loan charges. In effect, the income they receive trickles down to you, their source of money. This savings interest rate is actually an effective incentive system. Why so? If you save more money in your bank account through your deposits and savings, you end up receiving a higher return on the savings interest rate than other people would.<br /><br />Banks have a threshold amount for you to be able to participate in the bank’s long-term, higher yield savings schemes. Time-deposit accounts, mutual funds and the like require you to leave your money untouched for a longer period of time. In exchange for the bank’s use of your money for a longer period of time, the percentages of interest return are double those that you would get in a regular savings account. You can add increments of a certain amount in order to increase the capital you invest in your time-deposit account or mutual fund. An increased account obviously translates to bigger interest gains.<br /><br />Talk to your local bank about their savings schemes. They offer various mechanisms to encourage us consumers to entrust their money to them. In a bank, your money is in a safe place, and it is growing while it stays there.abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-66292149115460489032009-06-25T21:01:00.000-07:002009-06-25T21:05:03.975-07:00Methods Of Saving Money<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUoLuRtijZY4etBKXsWo6z0k3x7z25w7lKApGXzwqrYOfO5RHfFCdmGVfEd1dbIf4GQI8wO7ThdJHDP5xytJyrDJUnrmXNErEpiomapftWC509KRDa4vHAV6ATBuA4dxMiddRkokGdmPAu/s1600-h/money.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 320px; height: 215px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUoLuRtijZY4etBKXsWo6z0k3x7z25w7lKApGXzwqrYOfO5RHfFCdmGVfEd1dbIf4GQI8wO7ThdJHDP5xytJyrDJUnrmXNErEpiomapftWC509KRDa4vHAV6ATBuA4dxMiddRkokGdmPAu/s320/money.jpg" alt="" id="BLOGGER_PHOTO_ID_5351482376150058818" border="0" /></a><br />Saving is basically putting aside money or a way to utilize your present income for future use.<br /><br />One saves for several reasons such as for a college education, buying a new car, for a new TV set you wish to acquire in three to four months time, for down payment on a home, or to provide for yourself when retirement comes.<br /><br />As much as there are several reasons for saving, there are likewise many methods in which one can save. In most instances, the best method can be determined by whatever plans you have for the future.<br /><br />1. Savings accounts. When saving for just a short period or for emergency purposes, consider opening a savings account passbook, as it is in this method that you can easily gain access to your funds.<br /><br />Great for both long and short term savings, you can deposit and withdraw money to your account and earn interest, based on your average daily balance. A minimum balance is required to be maintained though, and you are charged with a penalty should you fail to maintain it.<br /><br />2. Checking account with interest. Here one can benefit from checking account conveniences, while your deposits gain interests. Generally these types of accounts grants privileges such as limitless withdrawal and check writing, access to ATM and bill payments that can be done online.<br /><br />This method typically requires a daily maintaining balance of at least $2,000.<br /><br />3. Money market insured accounts. For long-termed goals, this method is ideal, as it generally offers a much higher rate of interest compared to a regular or standard savings account.<br /><br />The interest rate usually is dependent on the amount of money in your bank account; larger balance means higher interest.<br /><br />4. “CD” or Certificates of Deposit. This is a savings method requiring you to “loan” your money to your financial agency for a certain time frame, usually ranging from thirty days up to five years. Here, the longer the time span again, means higher interest.<br /><br />Keep in mind that usually insurance companies offer better deals on interests compared to banks, so before you invest, compare rates first!<br /><br />At certain times, when your goal is many years away, it can be a wiser decision to save money in a certain way that you are not drawn on using it other than the main reason for saving it. Deciding on the right financial agency such as a bank, credit union or insurance firm can bring about a lot of benefit in your finances.abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-28279317340434487432009-06-21T07:21:00.000-07:002009-06-21T07:28:17.701-07:00TAKE CHARGE OF YOUR FINANCES: TIPS ON BUDGETINGWith prices of commodities increasing day by day it is proper to make your very own strategic plan on maximizing your financial resources and making sure that every penny earned is well spent.<br /><br />Make your move on coordinating your finances and list of expenditures that may affect the way you use your income and empower you on your economic stability as a working individual.<br />Your source of income, lifestyle, spending habits, current job and house location, cost of living, payables and loans determines your level of budgeting needs. Starting to take charge of your finances is one sure way of becoming successful in a field of self-fulfillment and success.<br /><br />The following tips and recommendations will provide you details on how you can help yourself manage your finances and assume a new outlook to become responsible in your spending.<br /><br /><ul><li>Treat Math As Your Lifetime Partner – Do the entire math in your purchasing needs. Try to compare prices across your current location for the price of a range of grocery and household items you need in a day-to-day basis.<br />Save as much as you can in an item you are trying to buy. Chinese businessmen exercise effective buying techniques. They save as much as they can and usually purchase in bulk to increase their revenue index on the item they plan on selling as well.<br /></li><li>Gambling – Gambling tops the chart in making your life as chaotic as it could get. Gambling strips you off your finances and keeps you vulnerable from the threats of bankruptcy.<br /></li><li>Know Your Wants and Needs – Limit your spending on something which you are not in dire need of. According to a recent study, luxuries are second to gambling in terms of the degree of money-stripping capability.<br /></li><li>“Do Not Spend More Than you Earn” – Rags-To-Riches stories do not fail to mention this famous cliché. There is always truth to this phrase for you cannot live in a world where you consume more than what you can produce.<br /></li><li>Keeping A List – Making your own budget list is vital to your success to becoming prudent. A wise buyer needs to consider the amount of a certain commodity and how will it impact his life as an individual.<br /></li></ul>An unconscientious consumer would not care about what is being purchased as long as he or she has money to buy for them. Unless you are someone who has a considerable amount of wealth and income resources, you can not afford to disregard this recommendation and go ahead with your practice.abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0tag:blogger.com,1999:blog-5518790415545804229.post-20573347790578300392009-06-18T21:29:00.000-07:002009-06-18T23:35:44.836-07:00Guide To Better Budgeting<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCLgb4TtN1yWPql5HY8F_IciQTg0UKA70Nc6AEGKTKAEHrXSZb_iFQ6XBmgHW9-Rj_x8-fu1DaL3meEEQ0WRDETl3zuPQ8vwZ1higp3jJ1txliMS6n1uIFUU4eOwWSArxonPWrkVkAjfyn/s1600-h/p_139.jpg"><img id="BLOGGER_PHOTO_ID_5348923312448889106" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; WIDTH: 166px; CURSOR: hand; HEIGHT: 220px" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCLgb4TtN1yWPql5HY8F_IciQTg0UKA70Nc6AEGKTKAEHrXSZb_iFQ6XBmgHW9-Rj_x8-fu1DaL3meEEQ0WRDETl3zuPQ8vwZ1higp3jJ1txliMS6n1uIFUU4eOwWSArxonPWrkVkAjfyn/s320/p_139.jpg" border="0" /></a><span style="font-size:130%;"><strong>A</strong></span> budget is basically a money plan, outlining your financial goals. Having a budget, you can well establish and regulate funds, set and achieve your financial objectives, and make advance decisions as to how you want your finances to function well for you.<br /><br />The main idea in budgeting is for you to put aside a certain amount of money for expected as well as unexpected costs. Simply put, budgeting means an estimation of monthly home expenses basing it on previous expenses and bills.<br /><br />The initial step to take in budgeting is to find out how long will your compensation last. Define fixed expenses like car payments, home rental, insurance, etc. Likewise follow up your expenditures thoroughly for a month so you can discover and understand where your funds are going. Through proper determination of your “spending patterns”, you can immediately identify solutions for effective budgeting.<br /><br />For instance, when you have a steady monthly income of $4,000, you should subtract all your identified monthly bills from that income. Other bills can be assessed and then subtracted from the amount of your income. The balance that remained after fixed costs can now be your budget in the household. Rather than allocating money for miscellaneous like gas, clothing, entertainment and groceries, financial planning will allow you instead to use proportions or percentages of it.<br /><br />The strategic solution in order for budgeting to be successful is inflexibility as well as flexibility; there are fixed expenses so payment must be an inflexible factor. Budgeting will best work when very scarce omissions are made to greater limits. The idea here is to formulate goals and plans, then abide by it as much as you possibly can.<br /><br />Here are tips on how to budget:<br /><br /><div><div><ol><li>Have good sense of money management. Your attitude is essential. Reach an agreement and compromise and know the significance of reducing expenditures; it all involves a lot of sacrifice.<br /></li><li>Plan your situation. Make a listing with your earnings to one side and your overheads on the other side.<br /></li><li>Know the difference between luxuries and necessities. List down what you believe as luxuries, with it, split the list in half, crossing out half the list.<br /></li><li>Practice frugality but with dignity. You can have fun with little or without spending at all. Rather than going shopping, play with the kids at the beach or at the park.<br /></li><li>Budgeting is an effective and fundamental tool that is readily available to everyone. Consider it, and benefit from it.</li></ol></div></div>abuishttp://www.blogger.com/profile/18077108060007797831noreply@blogger.com0