Set your budget.

[0t3p0t]

~
What do you think about setting your budgets?

Right now, I consider budgeting as a skill that I must have because of how helpful it is not only when it comes to investing, but in our personal lives as well.
As of this moment, I'm still having a hard time budgeting my monthly allowance, and I guess I'm fortunate that my partner is very good at it hence, she budgets our monthly salary.

Budgeting really is an important skill that everyone, or at least one of the couple must learn because you might not notice, you might spending way more than what you're earning on a monthly basis. I've seen people here in our community that doesn't know about budgeting and what happened to them? They're having a hard time saving, and sometimes, they're asking for a loan with their relatives.

Yeah I agree. Budgetting is a skill that only few knows as we can see on social media where people themselves shows off things that they don't really need and important for them it seems that they just wanted to look smart and nice but in reality when you visit them persoanlly it's totally different because they have nothing and know nothing but spend their money indiscriminately that sometimes lead to getting loans just to fulfill their urge as materialistic people.

[Aanuoluwatofunmi]

We need to make budget in every economic planning or settings in other to come to the realization of achieving a set target or goals, this will help when we make budget because things will go on as expected and there will not be probably anything to be done left undone, budget will help us cut cost, manage resources, plan effectively and meet up with the target at hand over doing something.

[kulkhan]

Now a days people’s Costing is more then income. It is bad financial system. So i think Budget is very important. So we have to more skilled in budget and it’s management.

If we were fail to proper budget then it will be very difficult to maintaining our family and our personal life. So everyone should experienced in budget.

[Dr.Bitcoin_Strange]

Spending above your budget in a bad economy is not good for your financial stability, rather it can affect you financially. Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending and at the end of the day, they spend more than their income, making them to take loans and go to bankruptcy.
What do you think about setting your budgets?

That's right and that has been the reason why people find it difficult to save money for future purposes because of lack of management and they don't have a budget plan. People spend above their income just as you said, which is very bad, most people do that because they want to impress other people, so they are living a fake lifestyle which they don't have enough money for that, while some, because of responsibility, they are spending beyond their budget and this can be cause by depending on only one source of income. So it's very essential for us to do within our reach, we should set or plan our budget rightly in order to also have savings for future purpose.

[bisdak40]

Spending above your budget in a bad economy is not good for your financial stability, rather it can affect you financially. Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending and at the end of the day, they spend more than their income, making them to take loans and go to bankruptcy.
What do you think about setting your budgets?

Yes, I agree that spending above your budget is bad for you that is why we need to learn how to set our budget for everyday expenses. Nowadays the cost of all products is getting expensive setting up a budget will help us to track our expenses and spend our money wisely.

[bitterguy28]

Everyone should really set the budget. A list of what you need when you go to grocery can be really helpful, so you can just get what you need. The same thing with other things. Because if we won't set it then most probably we will reach out to some lending apps and will be in debt. That's very frustrating

this is my biggest problem in the past , that we are going in grocery without the list and yeah just taking this and that  we think needed and ending this as? spending so much even those things that we don't needed in time.
this is why since then I required my why to put a list about those items we need in that certain week , because that is the real budgeting that we are now saving a lot of money for weekly spending.

Yeah I agree! I think most of us has experienced this thing in the past but as time goes by we have already learned from it. We all know how annoying it was when you are facing the groceries in front of you but you forgot what you are gonna buy and that was a mistake since you might bought something you didn't need and even stay in the area just roaming around hoping you can remember the things you needed. Not only it cost you a lot of time but also you might overspend for something unimportant. That is how important to set our own budget on specific things we need so we must have list of it so we spend no more no less.

Learning lessons from past mistakes mate , yeah have been in this problem for how many years but goodly that my Wife teaches me to list actually I even bring her most of the time in the grocery so I will never have an issue at any time.
though little by little i started adjusting and also tries not to bring large amount when going to grocery so I will be focusing in all important things only .
life is harder now not like in the past that I have large funds coming daily but now there is some financial issues that I need tofocus so limiting my expenses is really better.

[0t3p0t]

Everyone should really set the budget. A list of what you need when you go to grocery can be really helpful, so you can just get what you need. The same thing with other things. Because if we won't set it then most probably we will reach out to some lending apps and will be in debt. That's very frustrating

this is my biggest problem in the past , that we are going in grocery without the list and yeah just taking this and that  we think needed and ending this as? spending so much even those things that we don't needed in time.
this is why since then I required my why to put a list about those items we need in that certain week , because that is the real budgeting that we are now saving a lot of money for weekly spending.

Yeah I agree! I think most of us has experienced this thing in the past but as time goes by we have already learned from it. We all know how annoying it was when you are facing the groceries in front of you but you forgot what you are gonna buy and that was a mistake since you might bought something you didn't need and even stay in the area just roaming around hoping you can remember the things you needed. Not only it cost you a lot of time but also you might overspend for something unimportant. That is how important to set our own budget on specific things we need so we must have list of it so we spend no more no less.

Learning lessons from past mistakes mate , yeah have been in this problem for how many years but goodly that my Wife teaches me to list actually I even bring her most of the time in the grocery so I will never have an issue at any time.
though little by little i started adjusting and also tries not to bring large amount when going to grocery so I will be focusing in all important things only .
life is harder now not like in the past that I have large funds coming daily but now there is some financial issues that I need tofocus so limiting my expenses is really better.

Yeah women especially wives knows best on budgetting, they know what is best and what is not for the family that is why most of the time they are the one assigned to make the budgetting inside the household. Based on my observation with my mother they listed everything they need to buy in the market so they don't spend more on things we don't need as she tells us we should prioritize needs than our wants to save money.

[Dr.Bitcoin_Strange]

Whether in a bad or stable economy, spending above your budgets on the aspects that doesn't bring forth profits has never and would never be a good courage because it would definitely affect your bankrolls.
Most at times we spends extravagantly simply because tomorrow is a promising day to refill our pockets again.

Such an expenditure system would definitely deprive us from growths and achieving great things. It would always end us regretting by the end of it at when we would see our fellows at a higher level while we remains below.

I wish most people will be aware of this, because some people have this mentality to spend carelessly and say tomorrow will talk for itself and this have make a lot of people go bankrupt and poor in life, which will make them regret and I said " Had I know", so its very essential to always set their budget and avoid careless spending, because it can never yield any good things to us but rather it will bring more regrets and suffer and can even lead us to death. So no matter how sweet materials things are, we should never spend or do more than ourselves, anything excess is not always good and doesn't end well just like you said, let's act wisely and avoid embarrassment in the future.

[DragonF]

Everyone should really set the budget. A list of what you need when you go to grocery can be really helpful, so you can just get what you need. The same thing with other things. Because if we won't set it then most probably we will reach out to some lending apps and will be in debt. That's very frustrating

this is my biggest problem in the past , that we are going in grocery without the list and yeah just taking this and that  we think needed and ending this as? spending so much even those things that we don't needed in time.
this is why since then I required my why to put a list about those items we need in that certain week , because that is the real budgeting that we are now saving a lot of money for weekly spending.

Yeah I agree! I think most of us has experienced this thing in the past but as time goes by we have already learned from it. We all know how annoying it was when you are facing the groceries in front of you but you forgot what you are gonna buy and that was a mistake since you might bought something you didn't need and even stay in the area just roaming around hoping you can remember the things you needed. Not only it cost you a lot of time but also you might overspend for something unimportant. That is how important to set our own budget on specific things we need so we must have list of it so we spend no more no less.

Learning lessons from past mistakes mate , yeah have been in this problem for how many years but goodly that my Wife teaches me to list actually I even bring her most of the time in the grocery so I will never have an issue at any time.
though little by little i started adjusting and also tries not to bring large amount when going to grocery so I will be focusing in all important things only .
life is harder now not like in the past that I have large funds coming daily but now there is some financial issues that I need tofocus so limiting my expenses is really better.

Yeah women especially wives knows best on budgetting, they know what is best and what is not for the family that is why most of the time they are the one assigned to make the budgetting inside the household. Based on my observation with my mother they listed everything they need to buy in the market so they don't spend more on things we don't need as she tells us we should prioritize needs than our wants to save money.

I agree that women make excellent housekeepers, but most of them are poor managers outside of the home. Some women can not run a business which implies a failure in budget as regards to business. I have a case at hand. There is a man in my neighborhood who owns a supermarket, and every time you go there, you see him and his wife, so I assumed that the person's success was due to the fact that his wife was always present, but my assumption was incorrect when the man opened the same business for his wife.

Surprisingly, the business did not last six months. The shop is currently closed. My argument is that women are better at managing their families than men, but men are better managers in business.

[bitterguy28]

Everyone should really set the budget. A list of what you need when you go to grocery can be really helpful, so you can just get what you need. The same thing with other things. Because if we won't set it then most probably we will reach out to some lending apps and will be in debt. That's very frustrating

this is my biggest problem in the past , that we are going in grocery without the list and yeah just taking this and that  we think needed and ending this as? spending so much even those things that we don't needed in time.
this is why since then I required my why to put a list about those items we need in that certain week , because that is the real budgeting that we are now saving a lot of money for weekly spending.

Yeah I agree! I think most of us has experienced this thing in the past but as time goes by we have already learned from it. We all know how annoying it was when you are facing the groceries in front of you but you forgot what you are gonna buy and that was a mistake since you might bought something you didn't need and even stay in the area just roaming around hoping you can remember the things you needed. Not only it cost you a lot of time but also you might overspend for something unimportant. That is how important to set our own budget on specific things we need so we must have list of it so we spend no more no less.

Learning lessons from past mistakes mate , yeah have been in this problem for how many years but goodly that my Wife teaches me to list actually I even bring her most of the time in the grocery so I will never have an issue at any time.
though little by little i started adjusting and also tries not to bring large amount when going to grocery so I will be focusing in all important things only .
life is harder now not like in the past that I have large funds coming daily but now there is some financial issues that I need tofocus so limiting my expenses is really better.

Yeah women especially wives knows best on budgetting, they know what is best and what is not for the family that is why most of the time they are the one assigned to make the budgetting inside the household. Based on my observation with my mother they listed everything they need to buy in the market so they don't spend more on things we don't need as she tells us we should prioritize needs than our wants to save money.

Though not all wives are like that but at least most of them have this knowledge and characteristics that will help each family grow if the Husband will only support their wife's plans and budgeting .

_________________________________________


We recommend the popular 50/30/20 budget to maximize your money. In it, you spend roughly 50% of your after-tax dollars on necessities, including debt minimum payments. No more than 30% goes to wants, and at least 20% goes to savings and additional debt payments beyond minimums. We like the simplicity of this plan.

https://www.nerdwallet.com/article/finance/how-to-budget#:~:text=We%20recommend%20the%20popular%2050,the%20simplicity%20of%20this%20plan.

at least these says a lot of we can only apply this in lifetime(not just for dollar earning people but for all the world)

[0t3p0t]

Everyone should really set the budget. A list of what you need when you go to grocery can be really helpful, so you can just get what you need. The same thing with other things. Because if we won't set it then most probably we will reach out to some lending apps and will be in debt. That's very frustrating

this is my biggest problem in the past , that we are going in grocery without the list and yeah just taking this and that  we think needed and ending this as? spending so much even those things that we don't needed in time.
this is why since then I required my why to put a list about those items we need in that certain week , because that is the real budgeting that we are now saving a lot of money for weekly spending.

Yeah I agree! I think most of us has experienced this thing in the past but as time goes by we have already learned from it. We all know how annoying it was when you are facing the groceries in front of you but you forgot what you are gonna buy and that was a mistake since you might bought something you didn't need and even stay in the area just roaming around hoping you can remember the things you needed. Not only it cost you a lot of time but also you might overspend for something unimportant. That is how important to set our own budget on specific things we need so we must have list of it so we spend no more no less.

Learning lessons from past mistakes mate , yeah have been in this problem for how many years but goodly that my Wife teaches me to list actually I even bring her most of the time in the grocery so I will never have an issue at any time.
though little by little i started adjusting and also tries not to bring large amount when going to grocery so I will be focusing in all important things only .
life is harder now not like in the past that I have large funds coming daily but now there is some financial issues that I need tofocus so limiting my expenses is really better.

Yeah women especially wives knows best on budgetting, they know what is best and what is not for the family that is why most of the time they are the one assigned to make the budgetting inside the household. Based on my observation with my mother they listed everything they need to buy in the market so they don't spend more on things we don't need as she tells us we should prioritize needs than our wants to save money.

I agree that women make excellent housekeepers, but most of them are poor managers outside of the home. Some women can not run a business which implies a failure in budget as regards to business. I have a case at hand. There is a man in my neighborhood who owns a supermarket, and every time you go there, you see him and his wife, so I assumed that the person's success was due to the fact that his wife was always present, but my assumption was incorrect when the man opened the same business for his wife.

Surprisingly, the business did not last six months. The shop is currently closed. My argument is that women are better at managing their families than men, but men are better managers in business.

Well yeah maybe not all women are good at it because I remembered the situation of my friends wife where they got a loan money of like more or less $600 from his husbands lending account here in my place but that doesn't goes well for them because the money was all gone without the husband knowing where it all goes as that money was intended for the renovation of their house but ends up nothing and take note that was a loan money. From that incident their relationship became sour and ugly.

[Aanuoluwatofunmi]

We cannot be operating a financial economy without making an effective budget plan on what we should do with the flow of income we are having, because on every money we are unable to account for equally defines such fund is being wasted by us, we must learn to engage a modest way of managing the resources we have and this will help us in many ways towards achieving the sustainability to what we are doing.

[bitterguy28]

Spending above your budget in a bad economy is not good for your financial stability, rather it can affect you financially. Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending and at the end of the day, they spend more than their income, making them to take loans and go to bankruptcy.
What do you think about setting your budgets?

You cannot just say "IN BAD ECONOMY" because even in good economy  we must not spend more than what we really needed (not in luxurious ways) 

We are blessed like good paying Job and also a passive income in crypto holding but that does not give us reason or authority to be expensive .

Life needs food ,shelter/clothing and car if we have all those then the other income should be  in other investment and savings because life cannot assure us tomorrow .

we should be prepare in everything that will come along the way.

We cannot be operating a financial economy without making an effective budget plan on what we should do with the flow of income we are having, because on every money we are unable to account for equally defines such fund is being wasted by us, we must learn to engage a modest way of managing the resources we have and this will help us in many ways towards achieving the sustainability to what we are doing.

spending in proper way is not wasting , but spendingmore than what we really need is wasting .

[Jewan420]

Elders say spend your income wisely. Today's people are mostly middle class and their income is limited, but they forget their financial status while taking a shot at the upper class of the society. For this they resort to debt again and again.

[0t3p0t]

Elders say spend your income wisely. Today's people are mostly middle class and their income is limited, but they forget their financial status while taking a shot at the upper class of the society. For this they resort to debt again and again.

Adults knew what's best but not all of them while younger generations don't have that much of an idea to save and spend wisely because based on my observation here in my place people tends to spend their hard earned money indiscriminately into something unimportant though it is not my business anymore but sometimes they will approach and take the chance to borrow and they keep on doing that over and over again and I just don't understand why.