Learn more about moneyandinvestments with this collection
How to delegate tasks efficiently
How to use technology to your advantage
How to optimize your work environment
Keeping The Budget
Compare the total monthly family income with total monthly expenditures. If you have excess money after paying your bills you can save or invest it, otherwise, you have to reduce expenses, increase revenue, or do both.
Analyze your monthly expenses, and set priorities in spending. After you separate money for the inescapable expenses, reduce variable costs to easily achieve monthly savings.
69
353 reads
MORE IDEAS ON THIS
Treat Yourself Wisely
Spending money towards priorities doesn’t mean sacrificing all nonessentials. Find something that the whole family can enjoy and is not too expensive and set it as a monthly reward for the effort.
58
313 reads
Be Careful With Credit Cards
Do not carry a credit card with you when you go for a walk. Their ease of use can compel us to pay with it, which puts us at risk of paying high interest.
53
211 reads
Make The Whole Family Save
When it comes to household budgets and saving, it is important that all family members contribute to cost reduction.
Distributing savings equally prevents others from feeling injured as the only ones who are deprived of what they care about.
56
206 reads
Plan The Procurement
Track and compare prices in stores and plan a higher monthly food supply.
Leave only daily purchases of bread, milk and basic necessities for everyday small purchases in smaller shops. Major retail chains often offer lower prices or have discount prices, which you can use to ...
58
255 reads
CURATED FROM
CURATED BY
Related collections
More like this
Make a Budget in 6 Simple Steps
- Gather every financial statement you can (bank statements, investment accounts, recent utility bills).
- Record all of your sources of income.
- Create a list of monthly expenses.
- Break expenses into 2 categories: fixed and variable.
Budgeting your money is the cornerstone of a sound financial plan, and seeing all the numbers in black and white can offer valuable perspective on where your mone...
WES MOSS
Steps of the zero-sum budget
- Determine how much you make on any given month.
- List your bills: Once you determine how much money you'll make this month, figure out how much money you need to spend next month.
- Compare and contrast: Once you see your monthly income and your monthly bi...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates