If you don't have it and something goes wrong you could end up having to pay more. Always remember to buy the insurance and pay the monthly bill. Next I had to budget how much I spend on food and calculate a rough estimate. It still didn't mean I go out to eat as mush or buy to many groceries. I decided to put $100 in food each month and stock up on bananas for breakfast. Also have bring a lunch to work with a sandwich and a snack. I would have a cooked meal at home. I would only drink water and no pop. Eating cheap and eating healthy are too different things and are hard to do. I figured I would need to buy clothes each month for my job because I did have to look professional. I decided to spend $75.00 a month for my clothing. Then I had to have expenses for my personal pleasure. If I wanted to go see a movie or go out with a friend. I would spend $50.00 for my fun. Last, I put my money into my safely net. The safety net would help me if anything happened unexpectedly. Like if my car broke down or if I broke my arm. I would spend $450 in my safely net just in case something were to happen. You wouldn't think it would happen to you, but sometimes the bad luck hits
Loans and debts,I do plan on renting an apartment which if all goes well will be split among me and my roommates, which would come to a total of about $150 a month. This doesnt seem too bad that still leave $220 for the rest of the expenses. I also accounted for student loan which monthly would be $40, annually would be about $480. Annually the loans and debts would be about $2280. Utilities, I put as none seeing as how i will be renting and the apartments I've looked at here usually cover utilities in rent.
I am a firm believer in taking care of home first, so I spend very little
 You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets, and $1,000 of debt.
I will live in an apartment. It costs $6,144 a year. It comes with all of the necessary
Personal loans and credit may not be all paid off, so there is an order for paying. For the loan of car, total expense is $1556*12*4=$74688, total interest is $49188, annual interest rate is 48.13%. For the utility loan, total expense is $933*12*3= $33588, total interest is $15588, and the annual interest rate is28.87%. For credit card, the interest is around 15%, the
Utility bills and other bills associated with lifestyle including: school tuition, lessons/activities for children, medical bills, etc.
Being raised in a single family home and seeing, not so financially savvy, family members make common mistakes with spending and credit, I've made a conscious decision do research on my own as soon as started my first internship on how to be financially smart. I learned about the concept of dividing your paycheck and the importance of opening a Roth IRA early. After learning about different money saving options and methods of being aware of your money, I decided to budget my paychecks;
Trying to manage your budget is knowing your credit score, how much money is on your debit card and having insurance to help us save and budget our money. The impact of of a credit score “is a number indicates to lenders to repay the loan you borrow”(Investopedia, para1). If you have good credit score then you can mortgage a house but if you have bad credit will you’ll keep renting a house or not live in a house. With a credit card if you’re using it to make a purchase then you promise to pay the money back, also to that’s how you boost your credit score up. With a debit card if you purchase something it comes out of the account electronically.
Alright so you might be thinking, "what if our bills go beyond the $960 and we need to tap into our savings or free money part of our paycheck just to make ends meet. That is where one must tap into the numbers a bit and adjust them to where we feel comfortable. The 10-30-60 plan is a basic format that could easily be adjusted to how much one makes and/or how much one has in total bills. If you can cover your bills with 50% of your paycheck then I recommend the 15-30-50 plan. If your bills are a little higher than most and don't really feel the urge to spend then I would suggest the 5-30-65 plan. I mean you could even adjust the savings portion of your check and only go 10,20,25 etc. At the end of the day make sure you have at least some sort of portion of your check going into the "free" column because with all the chaos in life we need a bit of free money to help us feel like everything is okay and we are in command rather than getting beat up by bills. Life is like a box of money...you never know how much you're going to get that's free of charge but at least with this plan you can get a better
I found that if I were working a minimum wage job I would still be able to end up with $1,200 in my bank account after paying all of my monthly fees. Do I think this budget would be accurate? Well probably not but it could be in the range of what it would be like if I lived with a minimum wage job. With a minimum wage job I would definitely have to watch how much I am spending and cut out wants that I don't need. in order for me to be able to pay only a $600 and I would need to have a few roommates as well. I did not include the cost of furniture because the apartment I chose to live in is already furnished. With this budget I am left with $1,200 Savings in the bank. I could either save that money and put it towards a future investment like
The budget that I have constructed below is my salary as a single-woman living and working on my own. My monthly gross income is $3,333.00. My taxes deducted as following: $216.66 goes to federal withholding, $206.66 for social security, $48.33 to Medicare, and $229.93 for the state of Wisconsin. That leaves my monthly net income to the amount of $2,473.17.
We get 6 boxes of cereal per week, lucky charms. Per month of cereal (32 boxes) is $192.76. We get 15 packs per month of chicken flavored ramen or $60 per month. Lastly for dinner we have pizza, we get 30 per month which is $150. Total per month we pay $317.76 on groceries. For the miscellaneous we have many things. Some of the things include, diapers, “special” women products, soaps, and towels. The total for miscellaneous is $223.55. All together everything per month costs, $626.31.
AT time when hard work paid off was when i had to stay on top of my chemistry grade so i had to find a quiet place everyday where i could study for the test and finals so i was practicing everyday till midnight the best part was when i was studying i never gave up i just kept going till i got every problem right. during time school i went to the library study even more and more till i was fully ready and prepared for the coming final test. to myself i was like this hard work will pay off nowhere what as long as i keep going never gave up and put in some time on my learning and studying for hours. the other day i took the final test and got an 99% on it which wast that bad that hard work and putting time in to it really paid off. ill never ever
I have plenty of sources of stress in my life, but to narrow it down to just a few, I would have to say, my responsibility in my position at work as well as being a mother. Trying to balance both of the two can sometimes be difficult. I have a required amount of hours I have to work each week which does take away time from being a mother. I spend a lot of my time at work and not being at home as much as I would like, stresses me out. Some techniques I do use are visualization, and knowing I am not alone. Visualizing the outcome of the work I am putting in. Knowing the outcome is something that is beneficial to both he and I. I am able to provide for my family. This goes along with knowing I am not alone. I know I have people around who support