My Entry For W28E1 Contest - How I Manage My Budget

_{Edited Using : Pixellab}

In this post, I'm back in participating in the Contest Week 28 Edition 1, which was held by the Hive Learners Community.

Everyone must have their own way of setting their monthly budget, and I also have my own way of setting the monthly budget that I will spend every month. This is so that the money I get can meet my needs in that one month.

Because at this time very often we find people who never set a budget that will be issued every month, so that person runs out of budget in the middle of the mounth or before 30 Day.

Because if we have set a budget that will be spent in one month, then we already know how many needs we can spend every day so that until the end of the month we still have a budget to meet the needs of our lives.

Usually I always divide by two every income I get in one month, namely 85% and 15%. And 85% of the income I will use to meet my daily needs In one month, usually I will divide the 85% amount of money into 30 because I will use it for my daily needs in 30 days or a month.

_{Images Source : Pixabay.com}

That way we already know the maximum amount of money we can use every day so that the money can meet our daily needs in one month, because if we don't set the budget that we will spend then we will never know how maximum amount of money we can spend use every day.

And 15% of income I usually save as a savings or emergency fund, because one day we will definitely need unexpected money so we can take it from the 15% savings that we save every month because we never know when we will need money suddenly.

Savings are very important in our lives, because if we don't have any savings at all then when we need an emergency fund, there is no more money that we can use.

And I'm sure you must have your own way of managing your financial budget every month, because no matter how we manage the budget that we will spend every month is better than we never set a financial budget at all.

_{Images Source : Pixabay.com}

And if you don't know how to manage your finances every month, you can follow my way of managing finances so that you meet your daily needs as you have planned each month.

Maybe that's all I can share in the Contest Week 28 Edition 1 this time, see you in the next edition of the contest post.

Special thanks to :

@hive-learners
@bruno-kema