Financial revenues, costs and tips (part 1 of 5)

Part 1: Developing and maintaining a budget The first step to avoid the problems of debt is creating and maintaining a budget. It is not as intimidating as it may seem, do not worry. First, create a list of all your monthly income and also a list of your monthly expenses. In determining income, all sources, including maintenance, family allowances, Nebenjob, etc. When calculating the cost, you also need housing, food, transportation, supply, maintenance, etc. For a representative image from the actual costs of meeting each night and write, make sure that the level of income. Determine if your income covers all costs. If the answer is "No", then certain questions must be reduced. Brand accounts. If this is a small difference, which could mean a slight reduction in costs, such as entertainment or a mobile telephone. If the deficit is larger, you may need to reduce the vehicle or forms of life. If your income covers all costs, yet, you can reduce by about excess fat from your spending habits. This may not be extra money for things such as vacations or college funds for your children. Also, see if it is necessary for the new categories. Some areas, often on debt reduction, emergency fund and retirement savings. An emergency fund is safe, is an amount to cover unforeseen events (car emergency, etc) to be born. This underlines the need for the use of credit cards, quickly damage your budget. There are several advantages for your budget. First, most people, the financial goals that you want to achieve in the future. Sometimes it is a journey, a new car, or a university education. A budget can help people, money, in order to achieve these objectives. In addition, many serious cracks consumer debts. The lack of spending discipline, it is almost impossible, much progress in reducing debt. A personal assessment, the framework conditions necessary for the elimination of these inflated account balances. If done correctly, is a family of one person at a time cost, the place of money in savings and pay back debts. Therefore, it is the best interest of someone that the elaboration and implementation of a budget.