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 馃槀
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.