Management of Family Budget
Management of the family budget
When it comes to money, almost
never raises the question: "How to spend it?"
What's that ... and we spend
something they can do.
Money is spent on food,
utilities, gifts, education, clothing, etc.
And each of us periodically
raises the question: how to allocate finances? How to manage the family budget?
Opinions differ on this
account, but, nevertheless, all agree on one thing: it is desirable to adhere
to any certain rules that would help in the management of the family budget,
and would not let our expenses exceed our income.
Well ... These recommendations
exist and I have to say, great help in the distribution of expenditure of
money.
I
have never heard about the rule of 50/20/30?
Try to stick with it and you
will immediately notice how much easier it was to manage your budget.
No matter whether you are a
mother with two children or a student, housewife or a businessman, this rule
will help you not only to find out the extent to which you can spend the money
in a particular category of expenses, but it will tell you the order in which
you should spend their money.
Rule 50/20/30 simple because,
instead of offering you to create 20, 30 or more categories of expenditure (who
else would agree to such a hemorrhoid?), It breaks all your expenses by only
three main categories:
Significant
costs
Not more than 50% of your net
income should be spent on something to keep the foundations of your life:
housing, food, heat, etc.
In this category, only four of
the budget expenditure: housing, transportation, utilities and food.
Financial
priorities
At least 20% of your net
earnings is to create a strong financial base, and they include your pension
deposits, savings deposits and debt payments (loans), if any.
This - Your major costs and
make necessary before all the others, in the first place.
Lifestyle
Choices
No more than 30% of the net
earnings should go to ensure that the lifestyle that you lead.
In 30% of these include:
payment of television, internet, phone, charity, child care, entertainment,
gym, swimming pool, hobby, hobbies, personal hygiene products, bars,
restaurants and so on.
These expenditures are made in
the last instance, after you have taken care of the payment of financial
priorities.
Only then can reflect on in
order to buy himself a stylish handbag worth a good fridge for a week or go to
the Himalayas to meditate.
Try to stick to this rule
Try
to stick to this rule
Try to use this rule 50/20/30
at least for two or three months, and you will see how much easier it was
controlled with your finances!
If you find it difficult to
stick to your budget, you will probably have to think about, or to find
additional income or reduce costs.
Revise
your budget
Your budget may vary according
to your wishes and needs.
If you notice at the end of
the month, that money for food is clearly not enough (for your needs), it is
possible to be reduced in other areas to increase the cost of products or have
to reduce the number of favorite desserts (for someone: beer, kebabs,
cigarettes and so forth.)
Remember....
The budget is the first and
most important step on the path to achieving your financial goals.
Once you have mastered it, the
question of managing the family budget will disappear by itself, while you will be in control of your finances and be
able to take the next step towards a new - wealthy - life.
Good Luck!
PS This is - not the last post in a series of articles
about the money, so that - read the blog!
