HOW MUCH I NEED TO RUN MY WEEK
INTRODUCTION
Money is tight
Nigerian money is more tight,so care should be taken on how we spend our hard-earned money. Unnecessary spending of money shows a lack of management. One good way to ensure we don't mis-manage our funds is by having a budget.
WHAT IT IS
Budget is a spending plan based on income and expenses. In other words,how much you make and how much you spend on a certain period if time. It could be a for a day,week,month or year. It is a formal list showing how your money is moving in and going out. Budget doesn't mean you won't spend your money instead it helps you take control of your money.
WHY YOU SHOULD HAVE A BUDGET
It helps you understand your relationship with your money
A budget helps you track your income and expenses painting a clear picture of how much you save or spend in order to identify where you need to make some adjustments.Helps you stay out of debt
Mapping out your expenses reduces the risk of overspending and helps you pay off your debtsRelieve financial stress
Budget ensures you make good financial decisions and also helps you prepares for challengesIt ensures you don't spend more money than you have
You can prepare for emergencies.
MY BUDGET FOR A WEEK
Steem price=128NGN
Income for the week=5000NGN(39.06 steem)
Monday
Food: I get free breakfast and dinner,so I only have to spend on lunch
Lunch=400NGN (3.13 steem)
Transport fare=300NGN (2.3 steem)
Data=200NGN (1.6 steem)
Airtime=100NGN (0.8 steem)
Total=1000NGN(7.8 steem)
Tuesday
Lunch=400NGN (3.13 steem)
Transport fare=300NGN (2.3 steem)
Data=200NGN (1.6 steem)
Airtime=100NGN (0.8 steem)
Total=1000NGN(7.8 steem)
Wednesday
I don't go out
Data=200NGN (1.6 steem)
Airtime=100NGN (0.8 steem)
Total=300NGN(2.3 steem)
Thursday
Lunch=400NGN (3.13 steem)
Transport fare=300NGN (2.3 steem)
Data=200NGN (1.6 steem)
Airtime=100NGN (0.8 steem)
Total=1000NGN(7.8 steem)
Friday
Lunch=400NGN (3.13 steem)
Transport fare=300NGN (2.3 steem)
Data=200NGN (1.6 steem)
Airtime=100NGN (0.8 steem)
Total=1000NGN(7.8 steem)
Saturday
Lunch=400NGN (3.13 steem)
Transport fare=300NGN (2.3 steem)
Data=200NGN (1.6 steem)
Airtime=100NGN (0.8 steem)
Total=1000NGN(7.8 steem)
Sunday
I don't go out
Data=200NGN (1.6 steem)
Airtime=100NGN (0.8 steem)
Total=300NGN(2.3 steem)
Total for the 7 days:1000+1000+300+1000+1000+1000+300=5600NG(43.8 steem).
From this list,I am spending more than I am getting,about 600NGN(4.7steem). But I get money from other sources so I don't have to worry
I live with my parents that is why my budget is as simple as this. I must really commend those with families and those living on their own.
CONCLUSION
Start today to make your budget so that you can stay in control of your money and be organized
Thanks
10% to steemalive
Hello my dear, you just said the Truth.
But what to do naa? That's why we need to spend our money with consciousness. In your calculations, I can see that you are a single lady, because If you have brothers staying with you like me eh... You spending will be more ☺️☺️☺️🤣🤣🤣🤣.
You are very correct😄😄. I just have myself to care for financially
🤣🤣🤣🤣🥂🥂🥂 please stay well and safe...
You too, thanks
Smiles 🤗🤗🤗🤗🥂🌼🌼🌼
Nice one
You have a very simple budget.
How I wish mine could be like this.
Family men and Women should be applauded and commended.
It's not easy to plan your budget in consideration of many people who are under your care.
I applaud them too.
Making this my budget got me thinking more about them. It's harder on their part and our economy is not even helping matters.
As a single person living with your parents, you are not exempted from spending that is why you spend not less than 6k weekly, you really commend those that are on their own because life is not really easy with them sometimes when it comes to caring for their needs
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