Tracking your personal/household budget

[CeeJase]

I don't think I am deliberate in this, but then though i rarely do this but there are sometimes I keep some good records of some other things at home but not 100%.

Record keeping of your spending is very important in preparation for your business not to take on too much or more than what it used to take on as expenses.

 

[greenie]

My personal household budget is something of my concern thos is because I dont want to be under budget deficit and failure to.be unable to meet up to the demand this in other to avoid excess spending on things that are not really necessary.

 

[Shigobad2020]

Yes I track my personal budget monthly so I do not over spend. I make list of things I need every month and how much I budget to spend for that month. Then by the end of the month, I go back to my budget to calculate how much I spent the full month

Tracking your salary and weekly earning is the best thing to do in order to caution yourself from unnecessary spendings when you have already lists how you are going to spend your money during the month.

 

[Heatman]

I don't really track my spendings , an it is not meant to be so ,as a business individual you need to track your spendings , know how much you spend on a daily or weekly basis

A good that comes with tracking your personal and family budget is it helps you to know how you're spending goals for the year so that you will know what to do our budgeting on spending less time.

 

[tyrim88]

Planning and but budgeting is something that is very important when you want to come to your senses very well because it is going to show you the best way to use your money to avoid wasting it.

One of the essence of a good and futureistic approach any serious business person can undertake is the issue of adequate budgeting which will go a long way to ensure that he spent money onthings that has been only budget for .

 

[kayode10]

It is very important to always create budget for personal spending. This will help someone to save cost and prevent impulse buying. It is also good to always include savings into the budget which you can turn into an investment to make more money for yourself.

 

[Grandeur]

I run a weekly audit on my budget expenses and I budget at least $30-$40 weekly to pay bills and get the basic needs in the house so I spread out the expenses.

 

[kayode10]

Tracking your budget is very good as it helps to determine a necessary sending and prevent frivolity. Tracking your budget will help you to prioritise your scale of preference. it is very good to always track budget from time to time in order to have your financial spending under control.

 

[CeeJase]

Yes I track my personal budget monthly so I do not over spend. I make list of things I need every month and how much I budget to spend for that month. Then by the end of the month, I go back to my budget to calculate how much I spent the full month

It is actually the very reason why it is important to keep such work out because it is going to help you to know exactly what you are to budget for your spending next year.

 

[Heatman]

Once the money comes we normally have the things we plan to spend our money on,and that takes top of our budget,which include,feeding expenses,groceries purchase,consumables,and some missileneous among others.

This is actually be a ladies are very good and families because when it comes to handling such record and I'm bored yet they are very good at it which is what my sister's been doing very well for the family.

 

[Syldan]

I do track my monthly household budget even though not most often, these budget is determined by the amount of income you generate on monthly basis this to help you not to spend your resources on things that are less important to the family.

 

[tyrim88]

This is actually be a ladies are very good and families because when it comes to handling such record and I'm bored yet they are very good at it which is what my sister's been doing very well for the family.

I think if one is determine,one can actually cultivate a good habit of keeping records and getting resource allocated to household and personal utilities and items.Though it might look like a feminine thing,but it is an essential part of our daily life.

 

[CeeJase]

I don't have any need of tracking my household budgets because the budget itself is planned before being called a "budget''. That's how I go about it

This is just like a friend of mine does it by mapping out a certain amount of money for his family's expenses and monthly budget which always take care of everything that needs to be done.

 

[Shigobad2020]

I do track my monthly household budget even though not most often, these budget is determined by the amount of income you generate on monthly basis this to help you not to spend your resources on things that are less important to the family.

Tracking your monthly household budget gives you the opportunity of knowing how much you are spending at home monthly, if you need to increase it or you are overspending.

 

[tyrim88]

I don't really track mine, though I try to set a limit as to what I can spend per day. I look at what I have at hand at the moment and calculate when next I would get something, then I try to manage myself till something else comes my way.

Recently i have come to realise through some financial expert in a seminar i attended that the quickest way to go down in ypur person or business life,is to live a careless financial lifestyle,not budgeting what you want to spend money on and tracking you spending,is a very risky financial lifestyle to live.

 

[Joy123]

Yes, I do. Before I collect my salary, I prepare a to-do list and the amount I plan to spend for the new month. I also make sure that I don't buy the things that are not included in my list.

 

[Setho]

Whenever I receive my income at the end of the month , the first thing is to make a budget about my recurring expenditure and also my savings. What are the valid reason I try as much as possible to stick to that particular budget and then push out any other inconveniences to the other month.

 

[Sincerem]

I can really keep track of my day to day expenditure but I also give a run down of how am gonna spend my business money as related to solving business related problems that may arise in the day to day proceedings.

 

[Holluwaphemmy]

Tracking house with budget is not a day's work because you have to calculate all your expenses and the total amount of money you want to shed off In order to meet those expenses. A budget can either be surplus or deficit.

 

[Alogakho Esson]

In a bill she'll my house hold budget is always a need that will not neglected because is coming from upkeep and update of daily life affairs