Monday, November 10, 2008
Prepare your personal budget..
Everyone have their own budget whether they realize it or not. It can happen without us knowing it. Have you ever think about buying something and start to think about how much money to spend on other things in order to have enough money to buy that "something"? That is what we call as budget. It means that you
plan the flow rate and direction of your money. This way of budgeting is only suitable for short term and only about few simple spending activities.
However, when it comes to many and complicated spending activities, it is better for you to have proper budget under your concious mind. This will be obviously important for some BIG SPENDING that you will need in the future for example to buy your dream car, house and even to get marry! :)
You can continue to a longer term of budgeting which is for you children's education and support their financial needs in the future.
Some guidelines to be considered for planing your budget: