I make $19 an hour, can anyone help me with a budget. My bills equal up to $1200 a month. That does not include food or gas.
I am a financial retard and I am trying to learn so be easy please.
2006-09-11 03:42:56 · 4 answers · asked by my_names_do_not_work 2 in Business & Finance ➔ Personal Finance
how many hours do you work in a month? Based on this we can work out your budget. Let me know....
See example below:
Income
No. of hours per month H
Income per hour 19$
Total Income per month(in $) H*19
Expenses
Bills 1200$
Food X$
Gas Y$
Total $ 1200+X+Y
H*19 should be greater than equal to 1200+X+Y to remain solvent
2006-09-11 03:46:01 · answer #1 · answered by vani3624 3 · 0⤊ 0⤋
you have to bite the bullet and turn off all non essential items. cancel the cable tv. dont eat out buy booze from the liquoir store. if your mobiles on contract cancel it and go for pay as you go. install low energy lightbulbs.use the gas only when you need it. buy cheap mince and make your own burgers. whatever you can think off that you can do without will save you some money. me and my girlfriend have cut off everything we think we don't need. i only have dinner 3 times a week, she doesnt know this. but to survive you have to tighten your belt. but make sure you have a bit of pocket money left for the weekend
2006-09-11 11:08:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
first of all you need to sit down and look at all of your bills - write them in a book - month by month what you have to pay out - then add this up - and work out if you have spare cash at end of month by deducting your wages from your bills - if you do this month by month - you will be able to sort your bills out better, tick next to each one when it has been paid so you know what is left to do.
include - petrol, food, tv licence, car tax, car insurance, rent / mortgage, insurance policies, water, gas, elec, mobile, phone, internet, child maintance, clothes, birthdays, etc..
If you are in the red - you need to cut back - if your in the black - you know your ok.
2006-09-11 10:47:58 · answer #3 · answered by schmushe 6 · 0⤊ 0⤋
Have a look at this article, its about debt busting but the advice still applies if you are trying not to get into debt in the first place!
http://www.quazen.com/Home/Personal-Finance/Managing-your-Debts,-a-common-sense-approach.525
2006-09-11 11:44:43 · answer #4 · answered by welsh_witch_sally 5 · 0⤊ 0⤋