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Essay / Create a Sustainable Budget - 800
Have you struggled in the past to create a budget, but unfortunately find yourself unable to stick to it? If so, you are not alone. Many people struggle to establish, plan and stick to a personal budget. However, you can quickly and easily create a budget that is relatively easy to stick to if you follow a few basic steps.1. Review and Determine Your Total Income When planning a budget, it's important to know how much you bring in each month. If you're starting a new job, it's a good idea to use your calculator to multiply your hourly, daily, or weekly wage to determine how much you earn in a month. Then consider any additional income you may receive from various sources, such as investment interest, child support, alimony, or other sources of income. Once you have a good idea of your total monthly income, you can then begin the next step of planning your personal budget.2. Get All Your Financial Statements In the process of planning your budget, it is imperative that you have all your financial statements together before you can plan your spending. You need to review everything like utility bills, bank statements, investment account statements, mortgage statements, and other regular bills so you can create a monthly average of what you spend. By doing this, you will begin to be able to see where your money is going each month and find ways to plan for exactly what you will need for each expense.3. Delineate your fixed expenses. To create a realistic budget, you need to look at things that don't change from month to month. These expenses are usually those that one pays for a car payment, in the middle of a paper...... and advice, you can easily and quickly establish a working budget that will help you throw away the necessary bases. to succeed financially. An important thing to remember about any budget is that the key to financial success lies not so much in the amount of money you make, but in what you do with that money. If you are able to adapt, improvise and regularly overcome your financial obstacles with your budget, then you will soon find that your savings increase and the headache of not having enough to cover your expenses disappears. is attenuated.SourcesMiriam Caldwell, “How to Create a Budget,” About.comhttp://moneyfor20s.about.com/od/budgeting/ht/budget_setup.htmJeremy Vohwinkle, “How to Create a Budget,” About.comhttp://financialplan .about. com/od/budgetingyourmoney/ht/createbudget.htm “Create a Personal Budget,” Mint.comhttps://www.mint.com/budget/