" My Monthly Budget"
Hello friends, you are welcome to my post. In this post, I have talked about my monthly budget. A budget is money that is kept to be spent on a particular thing, which helps us avoid unnecessary spending.
Let's know where you spend most of your money. |
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I spend most of my money on food, clothes, and transportation. This is what consumed my money the most, because food is very important to man, and only those who have eaten can have the energy for work.
In my country, the price of goods and services is now higher, so one needs enough money to buy a sufficient quantity of food. Due to the high cost of living, my monthly budget has increased.
Do you save a fixed or random percentage of your money permanently? |
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Yes, I save a fixed percentage of my money permanently. Every month end, I save 10% of my money into my fixed deposit account and crypto wallet permanently in case of unforeseen circumstances. I save to invest and to avoid any unforeseen circumstances.
Where do you keep the money that you save? |
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As I said earlier, 10% of my monthly income is meant for savings. Inside the 10%, I do keep 5% (percentage) of the money in my fixed deposit account, whereas I keep the remaining 5% (percentage) in my Binance wallet for the expansion of my crypto portfolio.
Tell me everything you associate with spending or with savings. |
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In life, what we spend most of our money on are foods and materials like clothes, paying for bills, and so on, which is what I do associate myself with spending. The screenshot shows everything my spending is associated with.
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As said earlier, I spend more money on buying foodstuffs and paying for transportation because it is every day that I eat and go out since I don't have a car of my own yet. Even if I do, I will still be spending money on fuel (petrol). I do associate with and support my loved ones and friends.
Let's hear about your budget within 400–800 words. |
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A budget is a written plan that shows how money is to be spent on buying and paying for goods and services. I have my budget. Having a budget has helped me avoid going broke because I spend money based on the things I have budgeted to do.
Before going out to entertain myself, I look at my budget first to know what I have and what I don't have. So far, so good. The screenshot shared earlier is a clearer sample of my budget, which I update monthly due to the change in the price of goods and services.
I am inviting: @yakspeace, @dave-hanny, and @crowd1
Cc: -
@dove11