Don't Live without A Budget.

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Many of us don't know the importance of having a budget, we don't usually pay attention to it , some of us think planning and budgeting is only for business and people that are too serious with money, but that is where the problem starts.

As a grown up adult, you must learn how to plan and live with a budget. Never spend without planning ahead,plan how you will spend money now and in the future, all your money spent must be put into account both the one entering and the one leaving.

When you have a budget and plan how to spend according to your income then you will not have problem with money. Why we complain that money does not last in our hands is because we don't have a budget, if you have you will never run out of cash completely and you will always spend according to your income.

How to make a budget

1.Know your income

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For you to budget first, you must have something at hand and that is your income. You have know the average of the total amount entering your hand weekly or monthly, sometimes some of this incomes are not fixed but you still have to adjust by how you receive this your income, for those who don't have a fixed amount you can try a weekly budget, while for salary earners you can try monthly. After you have known the amount of income you get then budgeting will be made easy.

2.Start budgeting

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Now you have known the amount of income you receive, it is time to cut your coat according to your size, don't include what you cannot handle in your budget, put your basic needs first and just leave a little for your wants. Have a priority in your list, separate the needs from the wants and deal with the your needs first and if there is something remaining then you can just take a little of your wants, but if not skip your wants till next time when your income can comfortably accommodate it.

3.Stick to the plan

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The next thing to do is to stick to the plan and that is the budget. Don't just write something and neglect it, you have done the right thing by planning and budgeting now it is time to implement it and make it part of you.

Hope you have learned something from this post,it is just my opinion.

Thank you.