6 Pieces of Advice for making a Clean BudgetWritten by Abdulrehman on December 8th, 2008
While saying ‘I am making a budget’ seems pretty simple, making one involves a lot of work. I was busy since the last week because I was organizing an event in my school and yes, I was the one preparing the budget. Preparing a budget for a household is not very difficult, but when it comes to an event and you’re pretty uncertain about the number of people coming and money’s in-flow and out-flow is active all the time, it does become hard to keep track! If each of these things are involved, then consider that you’re in for a tough-time:
- The money is really limited, and the tasks involving money are way more, in other words risk of money.
- You are not sure about some variable factor such as the number of people coming.
- Other factors depending on the variable factor, such as food would depend solely on the number of people coming.
- Some unexpected expenses are bound to occur which you’re not aware of.
Well, I was a target for each of the problems but still I managed. Here are 6 pieces of advice that I can offer when you’re making a budget for almost anything on s small-scale:
- Always be sure of the total resources available, if you’re not so sure don’t exaggerate the resources, it is best to keep it less than expected, as surplus budget will not hurt, but deficit would cause trouble!
- Make sure you have noted all expenses, if you’re experiencing problems then consult some friends to remind you of some expenses which you’re not aware of.
Be sure to add even the smallest expense like pens, etc. because they really make your finals differ if you don’t add them.- Stick to your budget, this is the most important thing! Don’t move even a single millimeter out of your budget’s range. If some expense occurs which you were not aware of you can either try to avoid it, or postpone it until your current budget is no more in progress.
- Keep an accounts book to make accounts of each and every transaction that occurs because forgetting where you spent money can be very painful. You want to be sure how much money is present in your wallet just for counter-checking.
- Make sure about the market price of the items you put in expenses, estimates would be of no good.
Best of luck with your budget, these 6 points are sure to come in handy and keep your budget on track!
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While saying ‘I am making a budget’ seems pretty simple, making one involves a lot of work. I was busy since the last week because I was organizing an event in my school and yes, I was the one preparing the budget. Preparing a budget for a household is not very difficult, but when it comes to an event and you’re pretty uncertain about the number of people coming and money’s in-flow and out-flow is active all the time, it does become hard to keep track! If each of these things are involved, then consider that you’re in for a tough-time:
- The money is really limited, and the tasks involving money are way more, in other words risk of money.
- You are not sure about some variable factor such as the number of people coming.
- Other factors depending on the variable factor, such as food would depend solely on the number of people coming.
- Some unexpected expenses are bound to occur which you’re not aware of.
Well, I was a target for each of the problems but still I managed. Here are 6 pieces of advice that I can offer when you’re making a budget for almost anything on s small-scale:
- Always be sure of the total resources available, if you’re not so sure don’t exaggerate the resources, it is best to keep it less than expected, as surplus budget will not hurt, but deficit would cause trouble!
- Make sure you have noted all expenses, if you’re experiencing problems then consult some friends to remind you of some expenses which you’re not aware of.
- Be sure to add even the smallest expense like pens, etc. because they really make your finals differ if you don’t add them.
- Stick to your budget, this is the most important thing! Don’t move even a single millimeter out of your budget’s range. If some expense occurs which you were not aware of you can either try to avoid it, or postpone it until your current budget is no more in progress.
- Keep an accounts book to make accounts of each and every transaction that occurs because forgetting where you spent money can be very painful. You want to be sure how much money is present in your wallet just for counter-checking.
- Make sure about the market price of the items you put in expenses, estimates would be of no good.
Best of luck with your budget, these 6 points are sure to come in handy and keep your budget on track!
I am Abdulrehman Agha, the guy behind 3arn.Net. I am 17 years old, and live in Rawalpindi, Pakistan. I'm in Grade 11 studying in Saint Mary's Academy. I started this blog to share my money making experiences with others through the internet.
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I am one of the most unorganized people I know, and this is something I really need to do! I just started writing to do lists at the beginning of the day and it really boosted my productivity.
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The most important thing to do is to have self control, I think more people need to improve on that before they can follow advice and rules they set. Great list though
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I think i am to impulsive to stick to a budget
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A budget is also a great way to see where you’re spending your money, and cutting back when you need to.
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I know a lot of people have had great sucess using cash only, so the temptation to cheat on their budget is eliminated.
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Interesting article. I found some more information.
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……..Brrrriliant….this ll make doing things like these a whole lot easier….
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Very well and neat information regarding budgeting. If we can simply repeat to frugal in our living, it will become a habit in our life and in the end of the day, you will reap the rewards due you.
iValueNews | Lee wrote a very interesting post..How To Build A Realistic Budget
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