Hello hive Learners community i hope we all are fine and health I welcome we you black to my blog am grateful. It is another week in #hivelearnerscommunity #Hl-w28e1 we are presented with an amazing topic budget.
In my own i see budget as a plan that help us to cut down unnecessary expenses it is a guide line for us.i see budget as one of the most important things we need in our daily activities.
At point of time in my life i was broke Just because i was spending my money on unnecessary things because back then i don't have budget and i see money in my hand i buy anything i see without planning for the future all thanks to my friend who help me out.so since then i don't joke with budget it really help me to cut down expenses.
For instance people like me that spend money on anything the see but with the help of budget i was able to cut down my spending and go for the most needed one's. If our various country have budget for a year it is necessary every individual to have budget.
Budget helps in controlling of our finances it will help us to know what we spend our money mostly on
Budget help us save for future purposes
All thank to economic that made budget easy for us by giving us some scope on how to cut down our expenses.
Our want
Our choice
Need
Scale of perference.
Things i consider when budgeting
Source
Income: my income help to keep me check on how i budget because one's i receive my salary I draw my budget so that it will be a guide line on what i spend my money on making it
easy for me save some cash at the end of the month.
Needs: needs are the essential things we need in order to make life comfortable for us example food,rent electric bill and so on.
Setting a goal:at the end of every month and year i have to achieve i make sure I achieve it.
Finally let us always have budget it really helps.
Thanks you for stopping by in my blog i really appreciate.