Content Country-Formatnewsletter-Format Article for Newsletter

You Are Here: Home Page -> Formatnewsletter -> Format Article for Newsletter

Newsletter Article

Here is If You Spend More Than You Earn Then You Better Start Budgeting formatted for a newsletter with 65 characters per line.

Return to If You Spend More Than You Earn Then You Better Start Budgeting

If You Spend More Than You Earn Then You Better Start Budgeting

by Gavshannon

Knowing how to manage money can help you make smart choices. Your
money will work harder for you. You'll be more likely to avoid
traps that can undermine your ability to attain your financial
goals. You'll be in a better position to pay off debt and build
savings.

Calculate how much money you earn in a month after taxes. For
this budget plan, use your net pay or take home pay. Include
tips, supplementary income, side-jobs, investments etc. This is
your income.

Figure out your expenses. The best way to do this is to save
receipts for a month or even a couple weeks. Knowing how much per
month you spend on groceries or gas makes the next part much
easier. If you want to start writing your budget today, and don't
have receipts, that's OK, it's just a bit more difficult.

Read and post messages on personal finance and budgeting topics
with other people from around the world. Everything from saving
money on groceries, to understanding your credit rating. This
will get you some good tips on where you might be able to trim.

Break your budget up into some basic categories. You might want
to organize your expenses into needs - such as your loan and
electricity - and wants - such as clothing and entertainment.

List all your spending under each of these categories. Let's
take Auto as an example: $300/month car payment, $100/month
insurance, $250/month on gas, $50/month on maintenance, 10$/month
on fees such as registration. So, your total Auto budget for the
month would be $710/month. If you don't know the exact amounts
you spend, try to make good estimates. The more accurate you are,
the better chance your budget has of working.

After getting an overview of your monthly expenses, look for
anything that you can cut down to help you save money. For
example, if you always eat out at work, try bringing left over or
home cooked meal. You can also bring sandwiches and drinks. This
can save you an average of $200 per month if you estimate $10 of
lunch per day.

Limit your movie watching to once or twice a month instead of
four times a month. For a huge family this can be a lot of
savings. Before going to the movies, eat first to cut down on
food and drink expenses. Just buy drinks or bring your own if you
can. You can cut down transportation fees such as fare, gasoline
and toll fees if you participate in a carpool or ride sharing.

A simple budget can be written on a piece of a paper with a
pencil, and optionally, a calculator. Such budgets can be
organized in three-ring binders or a file cabinet. Simpler still
thre are the pre-formatted household budgeting or bookkeeping
forms that creates a budget by filling in the blanks. It is
really easy to budget if you want to, but as most people don't
follow thier own plan most are doomed to fail.

Gav Shannon is a Network Marketing Professional who writes about
different topics that he feels may be of an interest.If You want
to know more about him go to http://www.gavshannon.com

Syndicated by Top Gazebos - www.topgazebos.net

Quick Content Search:
Content Country

Welcome Guest

Author Country

Publisher Country

Essentials