Finance Tip: Budget

23 Mar

For you to  be financially health, build yourself a solid budget  and stick to it.

This is just good sense for absolutely everyone – Men,Women, single,  married or divorced..Employed or student, Everyone.

Examine your monthly expenses, remembering to include  everything from housing costs, utilities, groceries, car payments, gasoline,  insurance and esthetics. Do the same for your income. Subtract your expenses  from your income, and see what you’ve got leftover. You can divide the remainder  up based on what you’d like to save and what you’d like to budget toward discretionary spending. Don’t  forget to factor in money towards repayment of credit card debt, student loans  or any other debts you may have. You’ll want to get debts  paid off as quickly as you can in order to save yourself those pesky  interest costs. You should also examine methods for reducing costs, like eating  meals at home or reducing the amount you spend on entertainment  expenses.



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6 responses to “Finance Tip: Budget

  1. zawadi maginga

    March 23, 2012 at 11:49 am

    The tips on budget is very useful. i have benefited a lot. Sometimes we get money, but we dont know how to plan properly.
    thanks Monica

  2. agnes

    March 23, 2012 at 2:49 pm

    This is good Monica, I like your Budget Tip. Give us more.

  3. Anna

    March 24, 2012 at 11:40 am

    I can’t agree with you more…., this is so true though it’s very hard to keep up with the budget especially on our TZ culture ya michango every now and then plus price fluctuation every min eg Petrol/diesel, groceries etc!!! But I’m learning kidogo kidogo and try to stick with it half way lol, thanks alot for reminding us! I do enjoy this blog sana Mon

  4. Abubakar Y. Mohamed

    March 27, 2012 at 9:48 am

    MJ this is nice and it all boils down to working on saving which is the biggest problem to work on may be you can add the tips on saving cause the budgeting without a reason it is diffucult issue to attain.


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