“How
to budget”
Have you ever wanted to know how to
manage your money? There are many ways to manage your money if you learn about
them. Budgeting is a way to keep track of your money. A budget would usually
include what you earn each week and what you have left to save. After you have
made your budget you should cut back on what you spend. After you do that
follow what your budget says you spend and earn. You will have plenty left. I
definitely recommend budgeting.
Now I am going to tell you about the
earning part of your budget. Earning is an important part of a budget. Some of
the things you earn as income might include allowance, school lunch money and
kid jobs. When you start your budget always write down what you earned. If you
are going to make a budget you should earn enough to spend some.
Another part of a budgeting is
expenses, sometimes if you get hurt you’ll need money that’s not on your
budget. Always have extra money on your budget for these expenses. You might
also want to write down your total expenses. I’m sure that a budget will help
you.
That is a very good idea to write down what you have earned. I agree it is important to save some of your money for unexpected expenses (some people call that the "rainy day fund").
ReplyDeleteThank you, Eleanor, for the information on the budgeting process.
Eleanor, I couldn't agree more with your budgeting idea. It's so important to write down how much money you are earning and how much money you are spending so you can see the difference. Do you have a budget of your own? How often do you update it? Your article is very well written. Congrats! - Rain, Singapore
ReplyDeleteEleanor, what a great understanding you have of budgeting! Thank you for explaining it so well. You are very wise to save some of your earnings for unforeseen situations. Another item you could add to your budget is contributions to charities or your church. Have you ever given money to someone in need? Or perhaps you have donated your time or maybe canned food? Your writing shows that you have learned and thought a lot about making, spending and budgeting money. Keep up the good work!
ReplyDeleteThis is a very good piece on budgeting. One thing I really like to see is how much your writing skill has improved during the time of this blog. Look back at your first pieces and then at this one and you will see what I mean. Great job and keep practicing!
ReplyDeleteNice job explaining the ins and outs of budgeting. It's hard, sometimes, but so important.
ReplyDelete