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creating a budget
how do i create a budget and stick to it, so that i can save up money and get the things that i want?
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well.. just spend the money on the things you really need.. i think more info is needed to give a more creative answer but you can put away about 30% of your money for so you will only touch it around christmas and 20% on luxuries and 50% on bills food ect.. what u think?
hope this helps :)
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That's a good question since so many people these days are having trouble putting away money. The first step is to know how much you make and what you do with that money. Let's say you have an incoming salary of $10 a week (this is just an example here) and you go to the movies every Friday which costs you $3 and you buy popcorn and a soda which costs you $2. Now I'm not trying to give you a math problem here but it looks like you need $5 spending money. That is your budget. You may see a cute lipgloss (if you're a girl) or a pack of cards (if you're a guy) and want to spend the other $5. Well, that would ruin your budget because you should be allowing half of your earnings as spending money and then saving the other half for better things. Sometimes it's hard to keep this in mind so, as corny as this sounds, make a "collage" of all the things you want to buy when you've saved up enough and hang it somewhere where you will see it often enough to keep you motivated to save. If you need any other advice, feel free to ask me a question directly at my column. iCY iS ALWAYS LiSTENiNG!
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You need to balance you incoming against outgoing for a start. First take your income (all the money you recieve monthly, say) and from that take away ESSENTIAL payment eg. bills, insurance, food, welfare etc. This will tell you how much money you have to play around with, and then you can set realistic limits on your spending without worrying about having enough money to make ends meet.
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