I need a budget!!?

Question

Does anyone have a good budget plan that I can follow?
I am 21 years old I make $500 every two weeks
I am trying to get me an apartment, but it seems like I cannot save my money for nothing! please help all advice is appreciated

Answer 1

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Answer 2

You are making such a low wage, that I would suggest you work on increasing your earning potential. Live with parents if you can and go to school. College, vocational training whatever and then worry about getting your own apartment or home.
You should also stop spending money unless it is a bill or an absolute necessity. Get rid of any credit cards you have. Before you buy something, think about how many hours you had to work to be able to buy that item.
You can not support a family, let alone your self on a 1000.00 a month.

Answer 3

Use a spreadsheet. You can create a budget and track your spending quiet easily with this.
Make a list of your bills/expenses and approximate amounts in the first 2 columns. Then track your actual amounts on a month by month basis in the following columns.
Things that add up quickly include fast food or eating out and impulse purchases. Avoid these. If you are going to the store make your shopping list and then stick to it.
Avoid credit cards!!
Dont carry cash, it is easier to spend and harder to track. Write checks or use a debit card so you can see where your money is going.
Good Luck

Answer 4

The only thing that I know will help is discipline.
While a budget is a helpful plan, nothing can make you follow that.
And, if you have a budget, you need to be disciplined enough to follow it, because it's an unsupervised method that nobody except you enforces.

While there are plenty of people out there who live on half your income... There also exist folks who make ten times what you do and still can't make ends meet.

In short, you have to stop spending.

Answer 5

I use an Excel spreadsheet where I list EVERYTHING I spend on each month, this includes money I'm saving.

I also list all income. Your spending should equal your income. It's very helpful to see what you can afford or not.

The other important thing to do is to track what you actually spend and compare it to what you budgeted. It helps you see what you're doing wrong.

Answer 6

well, dont spend on what u dont need.
buy only the essentials. if u have a credit card cancel it. and dont carry around more than u need. if ur not buyign anything carry enough money in case of an emergency not more.