How to do a budget?

Why you need a budget?

Take control you finance: the simple way to understand where money going in and out your wallets.

Direct your money to where it matters most. Stay on the top of bills and achieve your

future goals.

Preparing your budget

1.Choose the time period that fits to your lifestyle such as year, month or even week.

2.Define your regular payments like rent, phone & internet bills, home loan, electricity, etc.

3.Estimate your income based on previous period such as salary, interest, child payment supports, etc.

WORK OUT YOUR MONEY PRIORITIES

Basic items you need for living expenses. Extras you could do without.

START A BUDGET RIGHT NOW( we have some awesome tips below)

Redo your budget after 3-6 months. Make sure it reflects your current income and expenses.

If you’re out of balance, take action to look at all your expense to see if there are any you could reduce.

Stick with your plan, but you can update it less frequently.

Using mobile application or software like Money Lover to keep track your spending and plan a budget.

Read more: http://note.moneylover.me/how-to-create-a-budget-in-money-lover/

THE FIRST BUDGET IS THE HARDEST BUTYOU WILL GET BETTER AT IT AS YOU GO ALONG.