Budgeting is one of the things we feel that we know right away but, we often don’t do it because for the most part we have “No Clue” on where to start the Budgeting process can be a bit scary at times and may seem overwhelming. We feel like our basics, may make you feel you cant have a life, because youre always thinking about your budget. I have done a lot of researching and studying and I found that its not life sucking to follow some of these simple plans, I think it will actually make spending my money more fun in the future for me. In my plans I have five things that we can prepare for success in budgeting. Making sure you have zero base every month, give, save, and spending, and simply knowing your household budget.
Making your monthly budget every month at zero base is very important, by doing this at the beinging, we will spend more than we want to and see money going all in the wrong places, Also by using this step it will help all ,y money go to a planned area, and this allows you to even plan for more fun with your money in the future, or just being able to put back an extra 20 dollars every month is part of the money accounted for at the time I’ve budgeted for my monthly Income.
I found that by giving, saving, and then being able to spend my money. We have been taught that before we do anything we should give 10% of our Income to help when it’s in our church, local groups, or simiply helping someone in need. After doing that we have to make sure we can pay ourselves, by paying for shelter, food, clothing, utilites, and transportation. After paying forward by giving, and putting back for savings you will see some improvement in your budgeting. We just have to always remember that first comes first, and staying on track is the important thing to remember in planning.
We found that in knowing what is important helps me budget better as well, one way of doing that is we should have a list with first to last, and knowing that everything will not make the list. Knowing that all debts are the same will also allow you not treat anyone of your debts bigger than the other. For example 10% is giving, 15% to food, 25% housing or utilites, 25% transportation like car payments or insurance, and then you may roughly have some extra money for things you want to spend on like family fun, or even personal items.