Planning a budget well can save us money.
This is so that we are not crowded until the end of the month. If you don't do it, some people will have to swallow Maggi by mistake until they get a new salary. And hope this doesn't happen to you.
Before this, we have shared how to create a budget using envelopes. We hope that this method will help you make a good budget.
And this time, we read another method that we think is very effective in helping you budget well (and in our opinion, it's more fun for us to do).
we read this knowledge on the Bright Side blog, and we don't want to waste time and want to share it with you right now.
This method makes you feel fun to make a budget, and it is very effective!
The method we mean is budget use jars. Yes, the jar in your house. Instead of being left empty -handed, we should use these jars to help control our finances.
This is one of the effective methods to control family or personal finances.
The main idea is to divide the money you want to spend each month, into these 6 jars.
We don't care if you want to use any jar. It doesn't matter if it's a plastic or glass jar. Promise it's a clear jar so we can see the money stored in it.
And each of these jars, too, has its own function. we will explain as follows:
Jar #1: Budget for basic necessities
It's time for us to put the money in the first jar.
For this jar, enter 55% of the total salary we get each month. And we will use this money for all the basic necessities expenses in our daily lives, until the end of the month.
Among the things we can use the money in this jar are:
house rent,
vehicle fuel money,
pay taxes,
eat and drink,
pay tolls, or other related matters.
Jar #2: Budget for entertainment
We are just ordinary human beings. Sometimes, when the time comes, entertainment may be necessary. Otherwise, we will be depressed. And this is not good for ourselves and others.
So, we can make a special budget for this. Put 10% of your total salary in this jar.
Use this money for things you don't always do. For example, watch a movie or go on vacation with friends. This is money that you can spend as you please.
Additional note: Even if we say what you want, it doesn't mean you can spend it all. Let's spend it sparingly. Remember yes. If you run out of money in this jar, don't itch to take the money in another jar.
Budget #3: Budget for future financial plans
This is the most important jar of all the 6 jars just now. Remember when we told you to save at least 10%of your salary?
The money in this jar will be the source of your financial freedom in the future.
We will use this money as capital to make investments and create passive income streams. So, as long as we haven’t reached that goal, avoid spending money in this jar on other things.
Discipline is the main thing so we always keep money consistently in this jar. In addition, train yourself to resist the urge to spend to control yourself.
Even if we succeed in achieving the goal of financial independence later, only spend the profits we get from the investments we make. Not the money we keep in this jar.
Budget #4: A special budget for science
It is not valid if we do not provide a budget for another type of investment - knowledge. we can say, this investment is one that we can give 100% focus to.
The money stored in this jar is intended as educational capital and also personal growth (self -improvement). Save money in this jar by 10% every month yes.
Knowledge is the best investment that will give you long -term profits, and it is also your main asset.
With knowledge, we can make more money. Always remember this message of ours.
Use the money in this jar to buy knowledge materials such as books, e-books, seminars, pay for 1-on-1 sessions, buy podcasts, or the like.
Jar #5: Budget for things we don't always buy
We will use this money to pay for large purchases. Save 10% of the total salary we earn each month.
Usually, it relates to items such as new clothes, shoes, cars, paying annual gym or club fees, or other (non-essential items).
Let's say, you've been wanting to buy a new flat-screen television for a long time to play your PS4. You can use the money in this jar.
The reason this is a special budget to satisfy the urge to spend, we can always save money in this jar. So, we will not mess up other budgets that are more important to save.
If the budget in this jar has run out, wait for the next month (like budget number #3).
Jar #6: Budget for charity
Almsgiving is the main cause so that the pipe of sustenance continues to flow perfectly. In fact, it keeps us from being poor.
In addition, if we diligently give alms, we will not only get a double reward. We can also help people in need by lightening their load.
It's easy to say, the practice of charity has many benefits. And it never hurts us.
For this budget, save about 5% (or more, according to ability. More, more good) of our salary. When we have this budget ready, we will not miss the opportunity to give alms while we are alive.
This is a practice that will open the door of our sustenance so wide, and the practice of almsgiving will never break, even if we die later. So, make a budget for this purpose.
No matter what method or method of budgeting you use, first make sure you are clear with the expenses that are often made.
This is the main thing to avoid getting into debt and have a sufficient budget every month.
And don't forget too. Discipline plays an important role in every effort to budget and save money. In Shaa Allah, we hope this article can open your mind wide in the chapter of making a good budget.
Tags
BUSINESS & MONEY
