Why you need to set the expenditure? Maybe that is your mind that is not spending more than income or do retrenchment. But if you hear the word thrift, thought you might like to hear the word diet, seeming to enjoy life.
The problem is if you budget correctly, you will know how much money in and out, as well as where gone. So it's no surprise, "Why, invested is up Yes?" Better yet, you'll have the money on hand for big purchases like a car, down payment, home or renovation.
1. track your spending for a month
First, do a month tracking your spending this month. Write down every penny of the money you spend. At this stage, you just collect information, so don't stress. Directly write spending every time you spend money. Make a note of the amount as well as to what the money is.
2. calculate the monthly and yearly income
For the purposes of the calculation, use the earning last year alone. Especially if you are still working in the same company with the same salary. However, if you are changing jobs, freelance, full-time or have additional sources of income, to calculate the amount that You expect will come by every month, then multiply by 12.
3. You categorise your monthly costs
Take the time to analyze your spending of the last few weeks. Classify your purchases into categories such as groceries, utilities, spend money, the rent or mortgage and other groups that naturally show up every month.
4. Evaluation and planning
Calculate your expenses from each category for the previous month. If more than your income, do not panic. It's time we planned to make a balance. Look at your expenses from the last month. You can find, for example, that you spend Rp. 400,000 a month to get some coffee-get some coffee, but you don't have the money set aside for the future. Think to cut this budget to Rp. 200,000. apply this logic to every area of the budget, reduce costs to the amount you spend each month is less than the amount of your paycheck.
5. follow the budget
Once you have the budget on paper, it's time to match into action. Set aside a little each week to save money.
6. Choose Save
Each time you receive a paycheck, set a small amount to be transferred on the savings accounts. Saving for your future is important, even if you just set aside a little each week.
7. pay the debt was a priority
Once you've got your expenses under control and very little savings, dedicate some of the money every month to pay off your debts. Even an extra $10 for credit card bills will make up the difference. So, can any extra money or windfall, use that money to pay the debt.
8. set aside emergency funds on your savings
You are required to set aside funds for unexpected purposes in your savings. The amount of course complies with current conditions, for example how much hospital care for one week, and others.
9. divide the annual expenditure to be monthly
Each year, typically You'll have a great routine expenditure. For example for vehicle tax, annual vacation, annual tuition, and others. Now divide the spending it in 12 months, and set aside some funds it each month, do not use until the time you have to pay an annual expenditure.
The problem is if you budget correctly, you will know how much money in and out, as well as where gone. So it's no surprise, "Why, invested is up Yes?" Better yet, you'll have the money on hand for big purchases like a car, down payment, home or renovation.
1. track your spending for a month
First, do a month tracking your spending this month. Write down every penny of the money you spend. At this stage, you just collect information, so don't stress. Directly write spending every time you spend money. Make a note of the amount as well as to what the money is.
2. calculate the monthly and yearly income
For the purposes of the calculation, use the earning last year alone. Especially if you are still working in the same company with the same salary. However, if you are changing jobs, freelance, full-time or have additional sources of income, to calculate the amount that You expect will come by every month, then multiply by 12.
3. You categorise your monthly costs
Take the time to analyze your spending of the last few weeks. Classify your purchases into categories such as groceries, utilities, spend money, the rent or mortgage and other groups that naturally show up every month.
4. Evaluation and planning
Calculate your expenses from each category for the previous month. If more than your income, do not panic. It's time we planned to make a balance. Look at your expenses from the last month. You can find, for example, that you spend Rp. 400,000 a month to get some coffee-get some coffee, but you don't have the money set aside for the future. Think to cut this budget to Rp. 200,000. apply this logic to every area of the budget, reduce costs to the amount you spend each month is less than the amount of your paycheck.
5. follow the budget
Once you have the budget on paper, it's time to match into action. Set aside a little each week to save money.
6. Choose Save
Each time you receive a paycheck, set a small amount to be transferred on the savings accounts. Saving for your future is important, even if you just set aside a little each week.
7. pay the debt was a priority
Once you've got your expenses under control and very little savings, dedicate some of the money every month to pay off your debts. Even an extra $10 for credit card bills will make up the difference. So, can any extra money or windfall, use that money to pay the debt.
8. set aside emergency funds on your savings
You are required to set aside funds for unexpected purposes in your savings. The amount of course complies with current conditions, for example how much hospital care for one week, and others.
9. divide the annual expenditure to be monthly
Each year, typically You'll have a great routine expenditure. For example for vehicle tax, annual vacation, annual tuition, and others. Now divide the spending it in 12 months, and set aside some funds it each month, do not use until the time you have to pay an annual expenditure.
