Start by taking a look at your variable expenses - there might be some obvious areas where you can cut back. It's also a good idea to put some aside for unexpected expenses in an emergency fund. Your aim should be to have a larger amount of money coming in than going out and to have enough money left over to save for short- and long-term goals. If you've got more money going out than you've got coming in, your next budgeting step is to look at where you can make adjustments. How's it looking? If you've got extra money left over, you're on the right track. Now you know what you have coming in and what your variable and fixed expenses are, simply subtract what's going out from what's coming in. The variable expenses category is important as it's where you'll most likely be able to make adjustments Do the maths
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