does anyone write a personal budget and follow it for personal finances, single people?
I have a fluid budget. I use mint.com to manage my finances (love that site!) and there are places there to enter monthly budgets for each spending category. I don’t have a steady stream of income, as I’m only a student, so I can’t be too rigid with amounts, as it’s always up in the air but it’s still useful to give myself a vague idea of just how many trips out to eat will hurt me, or when I’m getting close on my gas budget and need to start carpooling.
For people with a more steady stream of income, I do suggest budgeting, there is lots of software out there to use (or old fashion notebooks work too). It’s important to be smart with money and work towards your desired level wealth, so keeping an eye on how much is spent on bills, subscriptions, and food each month is a good way to catch money leaks (too much on energy, need to get new windows, excessive magazine costs, need to cut back, or too much on groceries, time to look at coupon books, etc.)
– May
http://personalfinanceforyoungadults.blogspot.com/
yes… there are many type of personal budget. for example for outsider student. they need to made their own personal budget for their finances every month
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i am..so it will only fit to the money you’ve been budgeted, once you’ve over to your budget you will do it over and over again..
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I’ve been using one in excel for years – I usually have it plotted out a couple of years in advance to keep myself in line
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I have a fluid budget. I use mint.com to manage my finances (love that site!) and there are places there to enter monthly budgets for each spending category. I don’t have a steady stream of income, as I’m only a student, so I can’t be too rigid with amounts, as it’s always up in the air but it’s still useful to give myself a vague idea of just how many trips out to eat will hurt me, or when I’m getting close on my gas budget and need to start carpooling.
For people with a more steady stream of income, I do suggest budgeting, there is lots of software out there to use (or old fashion notebooks work too). It’s important to be smart with money and work towards your desired level wealth, so keeping an eye on how much is spent on bills, subscriptions, and food each month is a good way to catch money leaks (too much on energy, need to get new windows, excessive magazine costs, need to cut back, or too much on groceries, time to look at coupon books, etc.)
– May
http://personalfinanceforyoungadults.blogspot.com/
References :