How do you set up a budget and stick to it?
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hi,as u said everything is being counted in this word bcz of one main reason ,just keep in mind this term "a dollar today has more value than a dollar tmr'' in the view of finance we call it ''time line' 'bcz of imposing interest on it so a dollar today has less value than yesterday and has more value than tmr that is the fundamental way any firms and business assume,...
so according to your limitation ,dont u ever try any credit card or loan or ....bcz you can not keep up with them ,day after day u ll get poorer.....the most important thing u need to first estimate and then manage your COSTS that is the key.....then u can save and after that try to put interest on your saving and wait till u can satisfy with that....interest is compunding .......so in the long run u can see a considerable growth..........about the details u need to investigate .......the best of luck to u,,,
How do you set up a budget and stick to it?I make around $1425 a month and this is how my budget stacks up:
$640 - rent
$85 - cable/internet
$75 - power
$100 - car payment
$61 - insurance
$50 - gas
$55 - cell phone
$70 - food
$75- credit card
Total: $1211
Remaining: $214 (sometimes more, often less)
I get paid bi-weekly and often have miscellaneous things come up that drain my account. However, on my minimal income I have made it work well for me. I struggle some but I've managed to balance things out to where I end up in the black rather than the red. And mind you, I am in a single income household (i.e. ME).
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