Be budget-conscious

Hello hivers, welcome back to my blog.

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So everyone is trying so hard to always have in abundance and not have to get to that point where they beg to feed. I am not sure people want to beg all their lives. But maybe sometimes it is their carelessness and mistakes that put them in that position.

First of all, what is budgeting?

For a lame man, budgeting is simply the act of making plans on what to spend money on. You can simply put that to budget means to write a list of what you need and how much or what percentage to spend on those things you have written down.

Being budget-conscious helps you prevent some certain embarrassment like begging. It is very very embarrassing to go about begging especially when you should be the one giving. Budgeting helps you work according to your income and if you are disciplined enough to stick to your budget, you will realize that you end up having enough and being satisfied with yourself.

I try as much as I can to budget for the month. It is a very good habit to budget for things like emergencies, utilities, bills, and then the one for relaxation. And most Importantly, budget for your savings. This is the first thing to even do immediately money comes to you because when you save, you can know how much is left to divide for the remaining things.

It is also important to budget according to your income. When you know your income, you can do the math and know what percentage goes to what and who. For instance, If you make $20 in a month, you should know that at least $5 should be saved and then you share the remaining money according to your needs. * It is important to differentiate your needs from wants because this will help you know what to prioritise and not spend frivolously*.

Truth be told, sometimes it is not even easy to stick to your budget. Therefore, you have to discipline yourself enough to achieve this. If you can kill your spending habit and stick to your budgets, at the end of the day, you will realize that you have done so well for yourself and even understand that you have saved yourself from some unnecessary spending.

I hope you cultivate the habit of budgeting.

Thank you for reading.

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