How do you create a personal financial budget?

[Suba]

A budget is one of the plans and management of personal finances, one that we can use as a compass for the direction of the goals we want to achieve. Each person certainly has a different method and time period for preparing a budget. So it is important for everyone to have a budget that functions to evaluate and control personal finances. However, unfortunately many DBucks members, including me, cannot prepare a personal financial budget. So can you share your method for preparing a budget?

 

[Xtynehappy]

For me l can create one based on my planning for my personal expenditure and the way l would spend my money.

 

[eLdavis]

Creating a personal financial budget has to do with personal planning. Make plans on how much you should spend on a daily basis and separate your needs from your wants.

 

[Stardom22]

l think everyone has their own personal budget accordingly to their mode of expenditures and the amount of the income! that's one gets.

 

[King Belieal]

A personal financial budget starts with the ability to understand how much your total income is. And how much your expenses is. Then, you put them together with your long term and short term financial goals to create a balanced budget.

 

[Augusta]

it is about placing the income and expenses side by side to have a balanced budget. Only have a budget that works with your demands

 

[Fidelia]

Creating a personal financial budget entails that one picks out the necessities from the wants and works on prioritizing the necessities.

 

[Springtime]

I do not create personal budgets. But I have an idea of my monthly income and expenditures. I never spend more than I earn.