how to make a budget?

Question

i ahve always been able to pay my bills ontime but i am scared lately that i will get behind ,I would like to make a budget but really do not know the proper way to do that .I have aset amount of money set aside for each bill ,i do not know if that is how you make a budget or not.Serious answers only

Answer 1

make list like below

description amount due date due

rent/mortage
utilities
car payt
car insurance
gas/ transportation
health insurance
child care
telephone
cell phone
food, home supplies

other expenses
savings [consider this as bill even $10}
entertainment
credit cards
visa
master charge
other credit
other credit
gifts, donations
other commitment
total
amount of income
be careful of spending on credit cards and only charge as needed and pay off asap

Answer 2

When first trying to establish a budget try to get all your known yearly expenses.....insurances, rates, bills (estimate), petrol, health....etc add them all together then divide by 12.
that is the amount of money you need to set aside per month

Answer 3

Organize everything you spend money on into different groups [ food, entertainment, utilities, beauty, rent, car note etc. Figure out how much you make a week, a month. Keep records of how much you spend on what, then figure out where you really want your money to go. You're really doing this already, it's just in your head, put it on paper.

Answer 4

Now try to find out the source of finance that you have and how much you will get from those source then apportion that amount on what you want to spend on.
I think this one will be your budget.

Answer 5

There's a great ebook that you can download free on this page - http://necessaryvirtues.com/recommends/mfl - that will get you started budgeting in the right way. Very highly recommended (and it's free).

Answer 6

Record every money movement you make, I mean every one, do not omit any, doesn't matter the amount, record all of them.

Begin with your NET income, the rest will be easy. . .

good luck

Answer 7

Here's what works for me:

http://www.oprah.com/money/debtdiet/steps/debtdiet_steps_05.jhtml