Hello Hivians
Welcome to my blog
In everything we do, we tend to set a budget so we won't exceed what is to be spent. Before now, I do go to the market without creating my budget, I believed that once I get to the market I will buy whatever I like but most times, when I get home, after cross checking everything I bought, I will notice that some of the things I needed is not even in the items I bought. It happened to me several times before someone told me to always create a list of things I need, then if after everything, I still have spare, I can then buy other things I wish to.
It is always very important to make a budget especially those who have many kids at home. To some people, they might have more than 5-7 siblings. Even if you're the only one staying alone, you still need to consider to create a budget in order to reduce unnecessary experiences. In situations where there's no much funds, you will have to do a scale of preference, which means you will have to buy things that are in argent needs first before budgeting other ones.
Since I'm staying alone for now, I don't really make too much budget because I have less things to get. Some of the things I consider before making my budget include:
- Nature And Size Of My Income: This is the first thing I look into before making plans on anything. Since most times I depend on my mom to send me some money because I haven't started working yet, I need to first consider the amount of money to be sent and how she struggles to get the money before lavishing it on any unnecessary items 😂
Once I'm able to know the amount at hand, only then will I be able to creat my budget for the week or for the month.
personal budgets: The next budget is to apply scale of preference. I will have to put my pressing needs first before the less pressing ones. I can't just buy those things I think I will use months later when i know I need certain things urgently.
Miscellaneous: once I know that everything I have budgeted for has been achieved, I can now go for my miscellaneous things, it could be to get fashion bags and clothes for myself or any thing at all.
I wasn't the kind of person who make budget. I can spend the whole money I took to the market without buying things I needed. But the economy has given me sense. You're right, checking our income, setting priority, and considering miscellaneous are great ways to budget
The economy has really helped many people to minimize the way they spend money
Thanks for your contribution
You're always welcome
Yes oo, me I always make a to-do list before going to the market because sometimes you might just see something that you have been craving to have and you just end up getting it but with the list you can cut out those unnecessary spending.
Nice writeup dear.
That's true, you might end up getting things that are not needed at the period because of lack of budget.
Thanks dear for your contribution I really appreciate
Yes, you will go and buy something that sometimes you even already have it sef, it will surprise you, lolz.
It's my pleasure dear, I'm happy I could stop by.
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😁😁😁
it would be nice from now on we apply a pattern to manage finances, because when we have a family we will be used to the correct budget pattern.
Nice😊
That's very correct 😊
Me and budgeting
5 and 6 now
That's very nice
Yes oo
I tab from your grace
Your budget plans are quite interesting and Wonderful
Thanks for sharing
Thank you so much
Yay! 🤗
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Indeed... When making budgets, we have to factor in all our needs. Both the basic ones and the ones hat are just wants. That way, we would not have to spend unnecessarily.
Thank you for sharing this with us.
Thanks for your support ☺️