Budgeting can be difficult for some. It is a task that is important to do to cover the bills and be sure that you have enough money for other expenses. It also can be stressful and overwhelming. There are ways to make the process a bit easier, and it you are someone who love organization this system can help you out. In the long run you will become better at managing your money and be able to save more as well. All you need are envelopes.
What to do
· Each month figure out your expenses and the amounts total. This will be different slightly each time. So be sure to do this the start of every month.
· Each expense has an envelope. Label them and once you figure out the expenses divide all the bill money up. Using categories like electric, groceries, rent, spending funds.
· Use the money to pay the bills off each month. Of course, you can use your debit card to pay the bills but be sure to put the actual cash in the account for that purpose.
· Any money that is extra or left over can go to paying off a debt. OR into your savings account.
Remember the goal is to pay the bills save money or pay of debt. Be sure to keep that in mind and you will succeed.
Getting in the habit of saving is always a good thing. Whether the amount is small or large doing what you can is the idea.