{"id":10263,"date":"2022-09-16T14:07:29","date_gmt":"2022-09-16T14:07:29","guid":{"rendered":"https:\/\/loans.tiida-nissan.ru\/?p=10263"},"modified":"2022-12-08T18:40:49","modified_gmt":"2022-12-08T18:40:49","slug":"the-top-3-tips-for-budgeting-your-money","status":"publish","type":"post","link":"https:\/\/loans.tiida-nissan.ru\/the-top-3-tips-for-budgeting-your-money.html","title":{"rendered":"The top 3 tips for budgeting your money"},"content":{"rendered":"
\"The<\/div>\n

It's almost a truism that budgeting is a critical step for anyone serious about money management. Finally, you need to know where your money is going in order to make plans for the future. But if you've never tracked your spending, how do you get started?<\/p>\n

Here are three tips to help you set a budget and start managing your money.<\/p>\n

1. Determine Wants Versus Needs<\/h2>\n

The first step to creating a budget is to determine which expenses are wants and which are needs. Housing, utilities, food, transportation, clothing, and childcare are generally considered necessities; entertainment, travel, and dining out are referred to as "wants," or so-called discretionary expenses. That said, there's often a gray area between a need and a want: you may need a car to get to work if, for example, carpooling or public transportation isn't an option, but a flashy sports car may be a want. Everyone needs to buy clothes, but designer clothes are not a requirement. If you can afford or have already purchased a luxury version of your necessary expenses, remember that downgrading is always an option if you decide that this type of expense no longer fits your lifestyle.<\/p>\n

2. Pick out fixed and variable expenses<\/h2>\n

Fixed expenses – which, as their name implies, stay the same every month – are the backbone of any budget and should be the easiest to plan for. Examples of these might include your rent, car payment and student loans, which will likely be the same, month after month. Variable issues, no surprise, are the ones that change every month. Your grocery bills, consumption-based utilities (like oil \/ gas, electricity, phone service), clothing costs, travel and car maintenance costs are all variable expenses.<\/p>\n

Budgeting for variable expenses is obviously one of the harder parts of creating a spending plan. Here are a few tips to help make it easier for you:<\/p>\n