The very first step when it comes to a budget it establishing what your budget is. If you work a consistent salary job then you have a very good idea of exactly how much money you make a month. If you are paid hourly and your hourly fluctuate than your paychecks will not be as constant. If your paychecks are always changing then you will have to make changes monthly to your budget. Establishing your budget simply is figuring out exactly how much money you have.
After you know how much money you have to spend you need to figure out how to spend it. Make a list of every single bill and payment that you normally make. Figure out how much money you usually spend on needs such as gas, groceries, toiletries, etc. To help with this you should keep your receipts. After you have made your list put all of the price values down and add them up. Your final number will be how much you spend on your needs. Because gas fluctuates and so does your grocery bill add a little bit of extra money to these categories for a cushion.
After you have figured out your needs you can subtract that number from your total and figure out how much you have left for your wants. Your wants will probably be different every month based on what’s going on. If you know you will have certain expenses that month such as birthdays, events, or outings you can plan for them here. Same as above make a list and distribute the rest of your money. You want to know where every single dollar is going.
If you are fortunate to have extra money that you don’t know what to do with save it. Saving is so important. If you ever find yourself in a tight spot you will want to know there is a cushion there to support you. Also if you know there is something coming up you can set aside money for it so your entire wants budget does not have to go to it.
Most people who stick to a budget live a very organized life. Most of the time they have nice homes with nice things inside that they have worked really hard to get. It would be so horrible if something happened or someone broke into your home and that was jeopardized. To prevent something like this from happening you need to invest in a good home security company. I found a company called Smith Monitoring that offers some of the absolute best features. Smith Monitoring specializes in alarm systems and Carrollton home security. They will install security cameras in your home that can be viewed live at any time via an app on your smart phone. This way all of your things you have worked so hard for will be protected.