All of us are usually interested
in our country’s budget, with most of us tuning on the TV to listen to the
President read the budget every year. Few of us, however, take time out to
prepare and present our own personal budget, whether to ourselves or to our
families. Drawing up a personal budget, which is essentially how you plan to
spend your money, is an essential requirement to effectively manage your
financial health.
in our country’s budget, with most of us tuning on the TV to listen to the
President read the budget every year. Few of us, however, take time out to
prepare and present our own personal budget, whether to ourselves or to our
families. Drawing up a personal budget, which is essentially how you plan to
spend your money, is an essential requirement to effectively manage your
financial health.
Here
are some tips on drawing up a personal budget:
are some tips on drawing up a personal budget:
- Make up your mind
This is usually the difficult
part. The decision to draw up a budget is not an easy one, so make up your mind
that you are going to create a budget. If you are married, then you will also
need to convince your spouse on your decision to draw up a family budget. Once
decided, the next task will be to determine if it is going to be a
monthly, quarterly, half yearly or annual budget.
part. The decision to draw up a budget is not an easy one, so make up your mind
that you are going to create a budget. If you are married, then you will also
need to convince your spouse on your decision to draw up a family budget. Once
decided, the next task will be to determine if it is going to be a
monthly, quarterly, half yearly or annual budget.
- Determine your total income
For a salaried worker, this is
easy. But for self employed individuals, it may mean clearly distinguishing
what is personal expense and what is business expense. For self employed
people, it also means that they must have predetermined what is their salary
from the business they run.
easy. But for self employed individuals, it may mean clearly distinguishing
what is personal expense and what is business expense. For self employed
people, it also means that they must have predetermined what is their salary
from the business they run.
- Determine your expense
The next step in creating a
budget is to determine your personal expenses. This should cover all your
recurrent and non-recurrent expenses. You should also make provision for
compulsory expenditures like government levies as well as essential expenses like
children school fees and pocket money, if you have any. Make it simple by
breaking all your expenses into compulsory, essential and optional. Compulsory
is legally binding expenses which you must pay or else you may end up in
prison. Essential, are expenses like school fees, electricity bills, and car
maintenance or transportation costs, feeding among others. Optional could be
entertainment, holidays among others. Also make some provision for
emergency funds.
budget is to determine your personal expenses. This should cover all your
recurrent and non-recurrent expenses. You should also make provision for
compulsory expenditures like government levies as well as essential expenses like
children school fees and pocket money, if you have any. Make it simple by
breaking all your expenses into compulsory, essential and optional. Compulsory
is legally binding expenses which you must pay or else you may end up in
prison. Essential, are expenses like school fees, electricity bills, and car
maintenance or transportation costs, feeding among others. Optional could be
entertainment, holidays among others. Also make some provision for
emergency funds.
- Implement
You require a high level of discipline to
effectively implement your budget. If you are a married person, you also need
the total buy-in of your spouse to ensure that you do not abandon the budget
soon after drawing it up. However, you can also be flexible in implementing
your budget. You can negotiate items on your optional list and even cut down on
your essential list where for example; you may have placed “subscription to
cable TV,” if you find that your finances are on shaky ground and you can no longer
afford the subscription.
effectively implement your budget. If you are a married person, you also need
the total buy-in of your spouse to ensure that you do not abandon the budget
soon after drawing it up. However, you can also be flexible in implementing
your budget. You can negotiate items on your optional list and even cut down on
your essential list where for example; you may have placed “subscription to
cable TV,” if you find that your finances are on shaky ground and you can no longer
afford the subscription.
wonderfull, ill try to implement
If you are interested in writing a bibliography, this blog post will tell you a lot about it.
คาสิโนออนไลน์ที่น่าเชื่อถือและมีความเป็นมืออาชีพที่สุดในตอนนี้
โปรโมชั่นGclub ของทางทีมงานตอนนี้แจกฟรีโบนัส 50%
เพียงแค่คุณสมัคร สล็อตออนไลน์ กับทางทีมงานของเราเพียงเท่านั้น
ร่วมมาเป็นส่วนหนึ่งกับเว็บไซต์คาสิโนออนไลน์ของเราได้เลยค่ะ
สมัครสล็อตออนไลน์ >>> Goldenslot
สนใจร่วมสนุกกับ คาสิโนออนไลน์ คลิ๊กได้เลย
มีทั้งคาสิโนออนไลน์ หวยออนไลน์ ฟุตบอลออนไลน์ สล็อตออนไลน์ และอื่นๆอีกมากมาย
Thank you for making me aware of this news.
หางานราชการ
You are very good at that.
งานราชการ
Thanks for sharing such a nice Blog.I like it.
norton activation
mcafee com activate product key
comcast technical support phone number
AVG Antivirus phone number
webroot phone number
Thanks for sharing such a nice Blog.I like it.
kaspersky antivirus phone number
Outlook 365 support phone number
microsoft edge customer support
webroot activation code
trendmicro com bestbuypc
Thanks for sharing such a nice Blog.I like it.
norton product key
Major Elements to Determine the Best Antivirus Software for Your Computer
How to Find Cheap Antivirus Program Online
General Overview on Antivirus Software
How to Stop Your Computer Running Slow
Thanks for sharing such a nice Blog.I like it.
Avast Customer Service
McAfee Customer Service Number
Brother Printer Support
hp printer support number
webroot customer service phone number
Thanks for sharing such a nice Blog.I like it.
Guest Posting Services
Guest Posting Services
Guest Posting Services
Guest Posting Services
Guest Posting Services
Thanks for sharing such a nice Blog.I like it.
Musical Education: Music Alive
PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com
PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com
PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com