How to managed your budget properly

35 74
Avatar for Yen
Written by
4 years ago

This pandemic taught us a lot of lesson in life. We appreciated little things that we didnt noticed in the past. We learned to love and be kind to others especially the one who needs help during this pandemic. It is also a realization to us that saving money is very important so that when unexpected problems or crisis happened you have a savings that will sustain your needs as individual.

We need money to survive. It is our daily need to provide our necessities. Money is one of the essentials when it comes on building a family. I am not saying that you need to be financially stable to be able to build a family because I can say that we are not financially stable when we got married but it's more better when you are.

During married life, couple has to decide about money matters. Sometimes it is also the cause of other couple to start a discussion and then turned to arguments that will causes problems on the relationship. Dont let that money ruined your relationship . Discuss it properly and decide on how the both of you budget the household money properly.

Planned Carefully

When we are planning to build a house , did we say to the Engineers and Foreman to build it already without knowing how much it cost and how to do the contruction of the house? Ofcourse, we dont do that. The first thing that we have to do is planning, know the cost of the materials, the wages of the builders and also if your money will be enough to build that house.

Is one person responsible for that? Is your husband will be only one to decide about it? The answer is no. Both of you needs to decide and plan on how the money will be consumed on building that house. It is also important to know the cost of building and the amount of money on your savings. For example , you have 1 million pesos on your bank account. Do you invest all of your savings to build that house? How about your other expenses? It is so important you have always a spare money to avoid borrowing money to others.

Be honest and realistic

In our day to day life, the word honestly is very important. Always tell you partner your exact salary and also your expenses. Some of the wives I know are keeping the ATM card of their husband but in my case I let my husband keep his ATM card and not asking him about his salary but you know what? Even if I refused to see the amount of his salary, he always updated me and give his payslip even if I didint asked for it. I know some of you might ask, it is truly important? Yes, it's important because you are now a couple and his money are your money too. Its not his money anymore but its called a household money.

Always consult your partner first because doing a decision. For example you want to buy an appliance , consult him first before doing that to avoid conflicts and misunderstanding.

You can also do this :

  1. If you have excess money on the end of the month, talked about how you will do in the money. If you will put it as your savings or spend it on your wants.

  2. If you are lack of budget, also make plans on how to reduced your expenses. For example. Drink an instant coffee instead of buying a coffee in Starbucks 😄

  3. Decide/Set the desired amount of money that can be spend without the consent of your partner.

Even though the money is important in our lives, dont let the money be the cause of misunderstanding and stressed to us. We dont need a lot of money to be able to be happy. Money cant reciprocate the importance of the family. Let's be contented on the things we have and dont look for the things that we dont have. Let's be contented and be greatful on the blessings that we have recieved.

53
$ 9.59
$ 9.58 from @TheRandomRewarder
$ 0.01 from @Lou1e
Sponsors of Yen
empty
empty
empty
Avatar for Yen
Written by
4 years ago

Comments

Good article.thanks for sharing us.

$ 0.00
4 years ago

It's a good tips for us. I appreciate it. Wow! You have got much tips from bot too. Though bot change his nature now, he is not like before haha

$ 0.00
3 years ago

Yeah. I got a huge tip from the bot 1 month ago hehe. But now it's different 😅 I think I published this one 1 week after the random rewarder was the one who will give tip and points already removed.

$ 0.00
User's avatar Yen
3 years ago

Yeah.. Mybe now the error of bot minimise to 1% that's we are getting low😆

$ 0.00
3 years ago

Yeah hehe. But still continue on this platform :)

$ 0.00
User's avatar Yen
3 years ago

Me too!

$ 0.00
3 years ago

Me too!

$ 0.00
3 years ago

What we do in the house for the budget is averaging. The expected monthly bills will always be averaged based on the bills from.last year then the averaged amount is what we'll set aside in a brown mini envelope. There's always excess but we don't touch that unless needed. As long as we can keep putting the averaged amount into their envelopes, we won't do anything with yhe excess

$ 0.00
4 years ago

Wow. I wise way of managing your budget.

$ 0.00
User's avatar Yen
4 years ago

Yeah UwU we do that for bills and food so we're always on a budget then the excess on everything goes into emergency funds

$ 0.00
4 years ago

Budget - sometimes I'm so good on this and there are also times that I get out of control. Anyway, in partnership, I believe that both should be transparent, like what you said, the money you earn is not yours anymore, but household money it is!

$ 0.00
4 years ago

Yes. Always be transparent to avoid future problems. And it make your married life more lightly.

$ 0.00
User's avatar Yen
4 years ago

I have my hard copy list of my spendings, every spend I list it down to track my spending and does not exceed to out allotted budget, hirap mag budget eh sakit sa ulo daig pa accounting natin hahaha.

$ 0.00
4 years ago

Ai truth. Ako naman may budget na talaga for day. Kunwari 400 a day ganon. Dina dapat lumagpas kasi dna pasok sa budget hehe. Kapag minsan mura lang ulam, may matitira ayun pede ipambili ng extra mirienda 😄

$ 0.00
User's avatar Yen
4 years ago

Oo nga, hirap kase puro palabas ang pera. Sumasakit ulo ko hahaha.

$ 0.00
4 years ago

Kamusta naman kami hahaha.

$ 0.00
User's avatar Yen
4 years ago

hahaha kaya nga, ako maypagka kuripot kase ako kaya naiinis ako pag puro palabas ang pera.

$ 0.00
4 years ago

Same tayo. haha. Kapag sa grocery sobrang tagal ko kasi chinecheck ko pa kung saan ako makakatipid haha. Pero kuripot naman na nasa lugar hehe.

$ 0.00
User's avatar Yen
4 years ago

hahaha same pala tayo, don ako sa makakamura, oo nga bibili din nmn nang saktong pagkain, pero di ako mahilig gumastos lalo na pag di kailangan mga ganon, hirap kase maghanap nang pera jusko.

$ 0.00
4 years ago

Totoo. Basta yung mga kailangan lang.

$ 0.00
User's avatar Yen
4 years ago

Yes, money is important but don't let it be the center of your life. Thank you for this po, pag nag asawa na ako magagamit ko to ee. Kelan kaya yun 🤔

Pero I'm sure budgeting your money for everyday expenses is so hard, so it's bete pa rin talaga if may naiimbak na kwarta, para may madududkot pag nangailangan

$ 0.00
4 years ago

Yes, it may help you when you have a family na hehe.

Sobra hirap talaga magbudget 😅 Isa sa pinakamahirap na task bilang maybahay haha.

$ 0.00
User's avatar Yen
4 years ago

Hmm, parang ayaw ko na tuloy mag asawa, buti po nagbibigay ang asawa kasi ung iba kelangan pang paalalahanan

$ 0.00
4 years ago

Iba iba siguro talaga ng sitwasyon. Yung kilala ko kasi nasa asawa nya ATM nya. Binibigay lang sa kanya yung allowance nya 😄 Ako naman hindi ko kinukuha ATM ng asawa ko pati kung magkano sweldo nya. Meron din naman na yung asawang babae e hindi nakakahawak ng pera. May kilala din akong ganon hehe. Pero dapat pera nyo na kasing dalawa yun kasi mag asawa na kayo e.

$ 0.00
User's avatar Yen
4 years ago

Hmm, basta kung ano nalang napagkasunduan haha.

$ 0.00
4 years ago

Checking your bank statement every week can help you determine how much you spend each month. You can then decide whether to increase or decrease your expenses. Either way will help you manage your finances properly.

$ 0.00
4 years ago

Yes. You can also do that :) Thank you for adding up that

$ 0.00
User's avatar Yen
4 years ago

Nice article loveu bro..

$ 0.00
4 years ago

Unique article.. It is really hard work to manage the budget. And even I'm not planned for it before. When I take the money just start to spend it and when it was finished then my situation like a caged animal.

$ 0.00
4 years ago

So better plan to manage your money well 😄

$ 0.00
User's avatar Yen
4 years ago

keep it writing articles..

$ 0.00
4 years ago

the last line is easier said than done coz when you're on a situation wherein money is too unfriendly with you, you can't be contented.. Though money is the main reason why couples argue leading to misunderstandings, it is also the one that keeps a family. That's the truth,

$ 0.00
4 years ago

Yes it is hard to apply but what I mean on this part is that, when we dont have enough money dont buy for a things that you can afford to avoid debt. hehe

$ 0.00
User's avatar Yen
4 years ago