Budgeting for You

Nicole Higginbotham-Hogue

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Setting a budget can be a difficult process. It can be hard to decide what to pay and when to do it, and it can be frustrating not to know how much money you have left for entertainment. So, how do you budget? What can you do to make sure that your bills are paid, and you still have money left over for recreational activities? Though the answers to these questions might be different for everyone, here are a few suggestions.

1. Make a list of your wants and needs.

Write three lists. One should include the bills that you have to pay each month. The second should include household supplies that you pay for monthly, and the third should include any recreational activities that you plan to do during the month.

2. List your expenses.

Next to each bill, supply, or activity, write how much the item costs. Then, calculate your average monthly wage. Subtract your bills from your monthly wage. Then, subtract your monthly supplies from that number. What is left is what you have to spend on entertainment.

3. Stay on track.

Make sure that you prioritize your bills and monthly supplies every time. If you get extra money one month, then use it to pay for a bill or one of your supplies. By doing this, you will have one less bill to pay or one less supply to buy, which can result in more money for your entertainment budget. If you have money in your entertainment budget left over after the month, then apply it to your next month's budget.

Keeping a budget can help you stay organized and lower your stress levels when it comes to bills, so do your best to make a list, prioritize your expenses, and stay on track with your budget.

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Nicole Higginbotham-Hogue writes lifestyle articles.

Omaha, NE
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