Budget and You
Budgeting is one of the options for you on how to keep tracks of your money and your expenditure. This is what we call planning a device and then setting your own mission on your budgeting. Recording is the version for you to choose for your budgeting whether you want it to be in hard copy or soft copy. You can plan budgeting by writing your budget in book that you create especially for your future. For soft copy, you can use Microsoft Excel; build up your own budget worksheet on monthly basis. With Excel, you can add or subtract of the expenditure that you have spend or what you get. With the worksheet, you can keep a good track of what you spend every month and you can even cut a cost to where you wish to cut. You can even compare and make progress of your spending every month. Here are two types of spending:
Fixed Spending
Fixed spending is for the expenditure that fixed every month. That’s mean you know that fixed payment that you need to settle. For example, your ‘house rent’, ‘insurance bill’’, pay your personal loan, car loan and etc. By recording all these fixed item expenditure, you can see a glance how much your income committed to future expenses.
Variable Spending
Variable Spending is the expenditure that not fix every month. This variable needs a good eye to keep track because the expenditure for every month will change. It will help you to analyze whether you can cut your cost vice versa. For example, utility bills and etc. This may trouble you if your record keeping is careless
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