About your approach to budgeting.
The question for all wordpress users today..
Okay, I took the bait and am now writing this small article about budgeting.
- 1. Earn money
- 2. Itemise expenses (whether you get paid weekly, fortnightly, monthly, bi-monthly, etc)
- 3. Break down all payments into pay week allowable (basically get your yearly bills, monthly accounts, and weekly costs and break them all down into pay style amounts so if your annual total is $5200 you divide $5200/52weeks =$100 add 20% for savings totals of $120 week… if you get paid monthly do the same…formula over 12 months.
- 4. Don’t spend EVERYTHING before working out each thing so that you always have savings, spending, payments and just living…
- 5. IF you can do this you have 20% of your yearly income saved, and never have to worry about bills they are covered by leaving the amounts in an account that you pay them with and you have fun family spending on top of this…
- 6. This is a short article, but as most people more than likely don’t need this advice I will leave it there and just simply say… This is how I run our home and expenses for our business and home life and we have only the debt we just got due to the need for a new vehicle for work.. everything else is paid in advance, upfront, or saved for leaving us with capital to enjoy life.
Have a great day everyone and if this helps fabulous if it does nothing thanks for reading, and if you would like more random WordPress questions answered just let us know…
YoZenQi Holistic - Megen Hibbins 