Over the years till present date(today) it's a certain and continuous way of life for things we needed for daily survival to increase in prices, from raw materials down to our beverages and to the least relevant of our needs.
Looking at the way daily human needs spike in prices and reduction in quantity and quality it's enough caution for everyone to put up a well planned means of spending your money. We all will agree there is need to have a budget , I mean a well planned budget for our respective expenses be it weekly, monthly or yearly. Over the years I come up with a measure that could eradicate my irrelevant spendings and put my expenses in check.
Some years back I noticed my salary is not even enough for me to survive the month, I actually got tired of everything and the same time angry at myself, that prompt me to look into my spending.
I decided to have a well planned budget on how to spend my money, firstly I cut out all irrelevant needs, I mean the needs I can do without. I list out the most relevant needs for the month starting from foodstuffs down to beverages and the likes. I also make sure I limit the excess quantity of some items I do buy. By doing this I begin to see value for my money, I begin to have enough balance in my account to save for emergency purpose.
IMPORTANCE OF HAVING A WELL PLANNED BUDGET
- Number one major importance of having a well planned budget is that you have track records of how you spend your money overtime.
- It helps to regulate what to buy and what not to buy
- It helps to caution irrelevant spendings.
- It helps keep you in check when your over spending.
- It make you see value for your money.
