With a budget you can get an overview of your income and expenses. It takes a little work and maybe a deep breathing to get started. But afterwards you know exactly how much you need to set aside for bills and how much you have for yourself to live for each month.
You’ll find all your bills for the last year and put in a budget (most often made in Excel sheets) during the month they are due. These expenses draw you from your income and from there you can see how much you have left to live for each month.
A budget should be every man’s ownership in my opinion. It gives both an overview of how much you have to live for. But at the same time, this means that you never come back with payment of the bills, as you put aside the same amount each month. That way, you save up to the expensive months in your budget account.
Many people do not know what they have of expenses. If they have ever made a budget, it has been the bank that has made it in connection with having to calculate how much they would lend to house purchase.
There is, however, a lot of money to save if you get to know what you are paying for. This will delete the things that are possible to delete. For example, many people pay to fitness centers, subscriptions to various magazines, and membership to everything – without using it.
It can be a really good thing to review the agreements you have once in a while. It is, for example, about insurance, mobile phone, tv, and internet subscriptions etc. It is very rare that you cannot optimize your budget and thereby save money.
I help a lot of customers make and review their budget. It can be very difficult to get an overview of which bills go for what, and how often they have to be paid.
If you need help with this or anything else about your personal finances, you are very welcome to contact Sund Economics .