Sometimes we just screwed up with our budget. There are so many reasons why. First unexpected or emergency happens. Like one of your family is in the hospital so what happen now is you withdraw the money for mortgage monthly if that happen that's really a trouble unless you can replenish right away then that is not a problem.
So what can we do to avoid this to happen in the future. You should have a list for your budget. For example how much for your grocery, or foods, transportation allowance, bills and utility, that's included your mortgage monthly, tuition fee of your children and of course emergency fund allowance. So in case of emergency you have money to use. And avoid using money on not important for example unexpected dinner or out of town it will disrupt your budget. And avoid using your credit card on not important things. So you know how much your budget for a month that you use.
Especially do not compare yourself to your neighbor that what she had you should have too.Spend only what you need not what you don't need. Its okay to buy or purchase as long as it may not hurt your budget or you may wake up one day that you are bankruptcy its not what I mean to the point you are bankruptcy but spend only what you need not what you don't need.
One of the most difficult task is to budget or managing your finances, see for example you have the salary of 50k and your house mortgage is 25k so how do you budget with that with slashing half of your salary plus your electricity bill, water bill and of course the internet fee. The best thing you could do is make sure you have a grocery for a month avoid those that unnecessary things like dress, shoes, buy the nice one of that will last for a lifetime. Don't buy the cheap one because its only last for a month or in a few use. So its better to buy the classic one not a trendy, but at least you can buy once. And the other one is eating in a high end have you tried to get your fry pan or sauce pan to joggle the vegetable. Cooking is fun its not what you think. And also its delicious and healthy food that you serve in your family. And also not to buy that thing not important. And make sure you have a cash, I didn't mean credit card, you know its very convenient if you have a ...
Comments
Post a Comment