| Establishing a budget was a sore spot for me, | | | | kind of budget format. There are ways to budget |
| because my wife's definition of a budget does not | | | | money that can be just use for whatever. |
| match mine. In today's society, establishing is a | | | | Perhaps one can consider the following steps when |
| needful process. In short a budget is made by | | | | thinking about establishing a budget: |
| establishing a time and schedule for paying debts | | | | 1. Start by simply writing your income per month; this |
| base on ones income. There is no escaping the | | | | step alone will put you well ahead of many who want |
| necessity of a budget in the modern world we live in. | | | | to maintain a budget in their heads. The reality is that |
| We all have to work on our own personal Budgets. | | | | we are all human, and it is just a matter of time |
| All of us have different circumstances and different | | | | before they forget something very important and |
| obligations within which our individual budgets must fit. | | | | than suffer the consequences. |
| We have make constant effort to manage our | | | | 2. List your monthly expenses i.e. rent, mortgage, |
| resources properly, no matter how rich or not rich | | | | cable, water, electric power, food. gas, travel. |
| we are. This is another responsibility to be concerned | | | | 3. List your other expenses insurance, medical, dental. |
| about when establishing a budget. | | | | 4. List your special project i.e. vacation, church trip, |
| We don't want to have to be good managers of our | | | | family reunion, casino's. |
| resources; this is a responsibility we would like to | | | | 5. List mad money that you can just spend i.e. |
| avoid. The reality is that we have to establish some | | | | |