How Do You Write A Basic Personal Budget?
Many people, especially when they first get out on their own, say they do not want to live by a personal budget. They want to enjoy their money freely and not have to worry about what they are spending. The interesting thing about a budget is it lets you do just that – knowing you will have your needs covered will free you to spend money without worry. Grab a piece of paper and write down all your bills. This list will include your rent or mortgage, phone bills, insurance payments and all utilities for which you are responsible. Next, write down anything you owe, such a student loans, credit card payments, and medical bills. Finally, think about any other expenses that will come up as you go along with daily life, such a dry cleaning, gasoline, groceries and clothing purchases. Once you have everything written down, it is time to start the budget. Start by writing down all your income. Do not enter anything that is not certain, such as occasional baby-sitting jobs or possible overtime
