|
How To Make A Budget
By Jason Taingahue
Learning how to make a budget, whether we like it or not is something that really, we all should do. Not that we all do it, but at least if we have a certain amount of money that we earn each week we are able to look back and know exactly where that money has been spent and how much is spent in total on any give item in a certain period of time, so knowing how to make a budget really is quite important.
Making a budget means that we will keep back ups of all budgeting we do.
Well where do we start when learning to make a budget? I suppose the first thing that we need to know is precisely how much money we are earning each week. Without knowing that, we cannot get started on knowing how to make a budget. This is the primary figure that we will be working with, when calculating what outgoings one has.
With this figure in mind we can start then write up what we call a budgeting plan, (making a budget).
First of all we will write down all the MAIN things that need to be paid when learning how to budget money, once again - making a budget.
When be begin to know how to make a budget, these things in general will be included:
Rent/Mortgage
Power
Phone
Heating (gas or firewood)
Food
Gas
These will form the main part of our budgeting plan, when we use our know how of how to make a budget. Learning how to budget money will be first and foremost the top priority in the list when we make our budget.
When learning how to budget money and actually make a budget, we can then put these primary items which will use most into the budget plan we have gained knowledge about when we first decided to know how to make a budget..
Below is the Plan that I would use when learning how to budget money and I would suggest that this be one that you could use too. Or make changes in the plan where they are needed as well. Once you are fully aware of how to make a budget, you will be able to alter when you are able to.
Remember that this is all based on a $500.00(net) a week pay cheque.
So the budget plan, that you have in fact learned how to make, would look a little like this. This is based on the average family with 2 adults and 2 young children.
WEEKLY BUDGET PLAN BASED ON $500.00(net) incoming a week
OUTGOINGS COST
rent $200.00
power $30.00
phone $15.00
heating $10.00
Food $100.00
Gas (car) $25.00
Entertainment $50.00
Kids $25.00
Savings $45.00
TOTAL $500.00
To learn to budget money, a basic budget plan like this is very necessary. Therefore, learning how to make a budget plan to begin with is a necessity.
We also have to take into consideration that on some days the kids may get sick and need to go to the doctors at some stage, therefore resulting in more money to be paid for the doctors visit and for prescriptions that are needed.
This is where every now and then we will have too dip into our savings. Things like this cannot be helped. Unfortunately this is just a part of life in general. If we have learned how to make a budget plan successfully, we will never be short of money for such emergencies.
As you can see I have also added in another couple of SECONDARY items such as entertainment and kids.
These are added for the reason that entertainment being things like movies, DVD's, bowling or any other activity that may cost the family that extra few dollars.
For the kids part of the budget, that is for the kids as they may want to buy lunch on a given day, and letting them buy lunch once a week isn't going to necessarily break the bank now is it. It could also be for the kids if they have a camping trip or something at school that may incur a little fee. This is all possible, you only have to learn first, how to make a workable budget for you and your family over all.
Well, using this simple plan that I have given, you will help and aid in weekly expenses and also give you the knowledge of where one's money has been spent.
But overall it is a lesson in knowing "How to make a budget".
Copyright © 2005-2006 HowToSite.Net and Accelerated Software Ltd. All Rights Reserved.
Any proprietary content contained in this document may not be copied in part or full without express written permission from the publisher.
Contact Us | Terms of Use
|
