FCSE 3120 Lecture Notes - Lecture 7: Got Money, Debit Card
27 Apr 2017
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Budgeting 101: budgeting is creating a plan with what you are going to do with your money, remember, it"s your money so have a plan with what you want to do with it, not everyone else, be realistic! You cannot live on /month for food: keeping track of your expenses is not the same as creating a budget. Keeping track of expenses is good but it"s only looking at the past. 10 tips for creating a budget: budget to zero before the month begins. Every dollar you bring in is given a category before you spend any of it: if you"re married, you and your spouse do the budget together. This will not work if you both are not on the same page about finances: every month is different. Think about what is happening this month that may not have the last (birthdays, vacations, insurance payments: start with the important categories first.
