I want to manage my finances
Prepare a budget in three easy steps
Have a goal in mind? New apartment, new car or study program? Here are three easy steps for preparing a budget that will help you maintain your lifrestyle and make your dreams come true.
To carry out a plan, there is nothing like setting goals. Determine how much money you need to save up and how much time you have to do it. For example, if you want to save up enough this summer to be able to study full time throughout the fall without working, you might want to save up $3,000 in 10 weeks, which means setting aside $300 per week. Is that too ambitious? You might have to revise your goals downwards.
Implement a plan
Once you have set realistic financial goals, you will have to decide on what steps to take to reach them; that is, set money aside every week and include that amount in your budget.
Your budget, in three easy steps
Example of a monthly budget
Surplus or deficit: - $625
In this example, you will have to either revise your goals downwards or increase your income.