Budgeting can be stressful! It is truly hard to live according to our means but, if we sacrifice and do just that, greater glory comes at the end. How do you budget your hard-earned income? I will not pretend to be good at this but, let's just remind ourselves that when we do this, we eventually get out from being broke and feeling miserable every payday. Before I forget, try to listen to The Dave Ramsay Show on the radio. When it comes to money, this guy talks sensible. After all, he is the trusted money expert in America. Well, I listen to him once in a while and I thought ... you should to.
On Pay Day, there's two things that you should do:
1. Save- Right before you budget your money, make sure you set aside an X amount of money and deposit it to your savings account. Even if the budgeting is too tight, there is nothing could go wrong when you set aside a certain amount on your savings account.
2. Budget - I am sure you already know what to pay for the whole month. For example, bills for water, electric, food, gas company, phone and TV company, and so on. You basically know what to pay so; even if the due date is in two weeks time, pay them anyway. That saves a lot of your worries and besides, you will not use the money intended for that bill payment.
Shopping and dining out should not be frequent especially when the budget is too tight for the month. Buy groceries instead that would last for two weeks. If you have an extra money, save it for rainy days or spend it on special occasions.