How to Budget Your Money

How to Budget Your Money

How to Budget Your Money

Friends in this post, How to Budget Your Money, I am going to talk about money budgeting tips. after this lock down it is very much mandatory to have money and to sustain life basic requirements.

 It is often observed that people copy celebrities they go for the looks, that clothes, that style and spend money without knowing that it will not what help them for their budget.  on the other hand you can observe all the rich people live very simple life they don't wear fancy clothes and don't copy celebrities there are more richer in inner self then outer appearance.

 so when it comes to budgeting it is very much important to know the incoming and outgoing of your money. you must always be aware of the money incoming and the money outgoing and for that you can maintain an excel sheet and update it on everyday basis for monitor the money spend during a day.  even if you wish to buy a pen you must note down the expense.

 Lot of people buy the products on basis of two categories, first needs and second emotion let us take a example to understand this if you see some kind of sale you can buy cloth thinking that it would be cheaper Letters by and there your emotion comes into picture and when you need something it is a requirement and you cannot deny that and for that you are spending money so this is  a need.

 if you want to buy a pen you can buy normal pen and save money instead of buying a Parker pen, so you get to spend the money smarter and control your expenses

 and the money which you have saved can be use for investing investing needs to be done in in assets and not in liabilities.  assets are those which can give you the return of can help you the multiply the money why liabilities are those which don't give you any written and you lose your money buying a fancy car can be considered as an asset because you are losing the value of a car and also you are investing use amount of money and getting nothing in return on the other hand you can use the same amount of money into buying a property and that will help you to get the written in the near future.

 so this is very crucial time to save money because right now lot of things have been changed due to this coronavirus covid-19 and the block down which we are having and the Global economic crisis currently going on

These are some of the simple tips I hope you like my content, if you like this then do comment and it would be helpful for us it will be motivating for us to write more of such content see you then expose till then bye