Beginning budgeting. HELP?
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4) You only have what's available in the jars to spend, no more. Once a jar is empty, you cannot spend anymore in that category until next month.
5) You should have $430 in the DEBT jar that you can use to apply to your outstanding bills.
If you stick to this, not only will you be on budget, but you will be on budget for each category also. You can borrow between cataegories if you really need to, but the total of all the jars cannot exceed $2170 for that month. Next month, start over.
Good luck.
Beginning budgeting. HELP?You need detailed advice from an organisation such as Citizens Advice (UK) who do not charge.
Do not pay for such advice - you will probably end up worse off!
An hour or two and several visits to CA will put you on the right track and then it's up to you. (Do ask for a specialist adviser if your case is complex.)
BEWARE THE SHARKS!
Beginning budgeting. HELP?Separate your expenses into fixed expenses, those you have to make each month like the car payment, rent or mortgage and minimum credit card payments etc. And your variable expenses. Make a list of your assets and your total debts. From that you should be able to decide where to cut expenses and what assets you may be able to use to cut your debt. Cut expenses, liquidate assets, or increase income.
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