For me l try to keep all of my monthly budgets very constantly despite the emerging issues and higher inflation rates. How does the budget behaves in a matter of fact?
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- Fords8
Is your personal budget increasing or decreasing with the time?
- Thread starter Stardom22
- Start date
My budget has increased as naturally I can't help it as I need to draw an effective budget to meet my daily demands.
With the high prices of goods and commodities, my daily, weekly budget has increased and doubled overtime.
Due to changes in the price of basic commodities, it is impossible for us to maintain the old budget, the budget must be adjusted to our needs every month. So basically we have to stick to the budget goals we have made, whether we focus on retirement funds, buying a new car or owning House. Next, we need budget control and evaluation.
I don't prepare a budget for my personal finance. But I have an idea of my monthly earnings and expenditure. If my earnings have decreased, I'll try to buy less.
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With inflation, I have had to increase my budget to make ends meet gradually. It is not a choice but a necessity to keep up with the rising prices.
