Monthly budgetting a key to savings

 



                                             

The key to savings is having a monthly budget and sticking to it like a mad man

Set aside amounts for:

l.  Food

2.  Transportation

3.  Utilities:   water, electricity, phone, internet

4.  Clothing

5. Children's pabaon.

If you do not have PC or access to the website, do this:

Use several envelopes properly marked.  List down the amounts taken and details as you spend them and list down the balances.  Do not malverse the funds...

Now there are expenses that do not normally spend for:  repairs, for medicine and medication.  Set this aside and deposit in the bank so that in due time, you have enough funds to see you through in an emergency.

Savings -  Pay Yourself First.

Give yourself a pay from your pay envelope say Pl00.00 or P200.00 whatever is convenient for you.

That will be your savings