Keep A Budget!
Friday, March 20, 2009
If we are working for someone else either in a big corporation or a small office, we have always heard of the term BUDGET! Budget is so important that without one, we won't be able to get any project going without allocating some money for it in an earlier time.
But how many of us keep a budget when it comes to our personal expenses? I know the amount of money we have is small in relative to the company that we work for but keeping a budget when let us keep track on how well we spend our money.
The best way to keep a budget for our personal spending is to have a small notebook that can easily fit into our pockets. Hence, we can easily jot down whatever expenses (no matter how small it is) that we use the moment we use it. By doing so, we will be able to toe the line in spending our money and does not incur a huge line of credit. Curbing credit especially credit card debt will ensure we have a peace of mind and soundly sleep especially in this economic downturn.
You would be surprised at how those petty expense transactions that you made daily will amount to when you tally everything at the end of the month.
Even though you might find it pretty troublesome and inconvenient when you start jotting down your expenses but I just want to tell you that it really worth it especially if you are someone who always end up in the deficit side of your financial standings.
As time goes by, you will be able to "control"your spending and in due times you will be able to have a SOUND spending expenses.
Posted byLeoCW at 6:09 AM