Respuesta :
we can manage the budget by making proper plan of earning and then setting rewards for fulfilling those work which helps in building self confidence then after that you can create budget by planning the products that you need buy. you can easily set your budget in you notes on mobile or calculate the total earning and calculating the money needed for buying it. and saving 65%of all those earning
The best way to create a budget is to split your income in half; save 50% and spend 50%.
What is a budget?
- A budget is a plan you write down to decide how you will spend your money each month.
- A budget helps you make sure you will have enough money every month. Without a budget, you might run out of money before your next paycheck.
- A budget shows you: (i) how much money do you make and (ii)how you spend your money.
- A budget could be of three types- a balanced budget, surplus budget, and deficit budget.
What are the most required budget categories?
- Needs: These are expenses that you must pay to live and work, such as a mortgage or rent and car maintenance. ...
- Wants: These are expenses that don't qualify as needs and don't include your savings and payments toward debt. ...
- Savings and debt repayment.
There are many rules like the 50-30-30 rule and the 50-20-30 rule.
From all these, the best way to create a budget is to split your income in half; the 50-50 rule. Create minimum savings goals that you must reach before you can buy any "wants". Decide a maximum amount that you can spend each week.
Learn more about budget here:
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