Nothing really bothers you as financial problems are troubling. There is nothing more painful than to go to the monthly salary in the wind, and does not feel the need and want such that we do not find in our pocket money to cover the basic needs! Nothing consumes nerves as debt and pressure consume.
Physical problems make one uneasy. Most people think that the source of these problems is low income and lack of money, but the real reason for it is something else called mismanagement of money and expenses.
- 1 Expense Management
- 1.1 Towards the preparation of a personal budget
- 1.2 Record all your expenses
- 1.3 Category of expenditure items
- 1.4 Reduce expenses
- 1.5 Develop and commit to a new expense plan
- 1.6 Start saving
- 1.7 Evaluate your performance consistently
- 1.8 How to make your children satisfied with the new management style of spending
- 1.9 How can we return the blessing to our homes?
The so-called expense management or control of expenditure can be learned, which is very important. It enables you to get your real requests and needs based on the program you are placing, not based on volatile physical life conditions. Here are the steps and mechanisms to manage your personal expenses based on the volume of your monthly income, which will prevent you from falling into crises or financial problems.
Towards the preparation of a personal budget
The main goal of the budget is to spend less than you earn, to know where your money is being spent and to get other benefits, which is to save money and pay off debt.
In order to begin to prepare a budget and commit to it, you will need to be serious and disciplined. You should be aware that it will take some time to create an appropriate and successful budget for you.
Record all your expenses
The first step to preparing your monthly budget is to record everything spent in full accuracy. Registration at this stage does not include an effort or plan to save. All you need here is to put a paper in an easy-to-access place and write down, and ask everyone who pays for you to write down all the payments (large and small). You should continue to write for at least three months. At the end of each month, calculate the total expenses at the end of each month, and there is no doubt that the total expenses at this stage will exceed your monthly income! You have not started with the savings plan yet.
Category of expenditure items
Here you have to go back to your papers, which you paid for in the past months, and to spend and classify the expenses. Classifications will return to the nature of your life and your family size. Classifications can not be limited here, but examples can be given as follows:
Premiums and bills
Entertainment and entertainment expenses
Fixed medical expenses
Re-prioritize your budget
One of the most important steps is to identify and prioritize your priorities based on their importance, in other words to answer the following:
What do I really need and can not live without? (Widgets)
What do I want and wish? (Luxury)
What do I need but I can live without it and I want it and it is not a luxury? (Necessities)
It is obvious that at first glance, education, food and medical expenses – for example – will be necessary, and leisure and leisure expenses will be welfare. Well, this may be true to some extent but not definitively! Here you go back to the previous recorded budget and ask yourself for each payment amount, not for each item in general! For example, medical expenses can not be considered as necessities if your wife buys creams.
Now that you have sorted out the needs and what are considered luxuries and what are considered necessary, calculate the total monthly expenditure in terms of needs and necessities only, without welfare. The total must be at least equal, do not you think so?
You will now enter a new phase with regard to necessities and necessities, but do not be afraid to delete any of them, but you are asked to reconsider them and make sure they are acted in the right way. You have to ask yourself if you can reduce the costs of the needs and necessities? You will find that many of the costs paid for needs and necessities can be reduced and reduced.
You, for example, pay a certain amount of transportation each month, do not think about riding public transport, and if you are already riding public transport, do not try to go and go on foot! Do not talk to yourself that there is no time for you, because as you walk you will be able to do a lot of things, first think and reflect. Remember that if you walk two hours a day, your body and heart will get better health, so one day you’ll visit a doctor or maybe you’ll save the value of a gym!
The example of reducing transportation costs can be applied in any area where you spend a lot of time, and you will be able, with a little thought and reconsideration, to reduce costs to a really large percentage. Once you’re looking, you’ll find that a large part of your monthly budget is spent on needs or necessities, but you can guide your consumption and challenge yourself.
Develop and commit to a new expense plan
After you find out – after prioritizing and reducing expenses – the amount of costs needed by each item of necessities and necessities, calculate the sum at the end of each month, and then subtract from your total monthly income, and there must be a residual process of the proposal. The rest will be the margin you will be able to use in the field of well-being. Whatever the amount is small, you must be happy because it is in your hands. It is not a debt. You will be able to spend it in leisure as you wish without feeling remorse.
But if you want to go on a fixed ground, you should not spend the remaining amount on welfare, because it is right to allow yourself to spend only one-third, half or even three-thirds in order to keep space for emergencies.
After this step, you are ready to start implementing the new management plan, by assigning a circumstance to each item, in which the amount allocated to it will be placed at the beginning of each month and paid out during the month.
One of the most important goals you should always have before you is saving money. A step that you will be able to implement once you are committed to the expenses of necessities and necessities and the limited thing of well-being. Saving money will help you in times of crisis, as well as in the expenses of future children.
Evaluate your performance consistently
At the end of each month, after each season, prepare your accounts and make sure you prioritize, and prepare your expense ratings. Do not be discouraged if the expense is still not controlled, be flexible and repeat the above steps with a new look.
How to make your children satisfied with the new management style of spending
Inform your children of your new plan if they can understand it.
Educate your children on the principle of managing spending by income by gradually taking their expenses. If they do not have a personal expense, then make them a fixed amount periodically. If you give them a daily allowance, make their expenses weekly. If you give them a weekly expense, make their expenses monthly. The personal space that a person receives, however small, will make him understand the benefits of expense management and make it a personal benefit of saving.
Share responsibilities if they are adults, by giving them specific responsibilities. For example, your eldest daughter handed over the food item and gave her the envelope at the beginning of the month, and told her that she would be responsible this month for this aspect. If it was able to bring all the needs of food within the specified amount, this is excellent, and if it was able to provide without shortening the widgets, this is really wonderful and deserves the reward and encouragement.
After applying the expense management principle to your family, you will all discover the pleasure of management, and you will hear that you say “no” to the temptations of shopping, because you know what you are doing and what you are saying.
In the previous steps, you will have freed yourself from mismanagement of the expense or what our early people called a lack of suitability. And here and when we mention our early people comes to mind the first thing that comes in connection with this subject, the idea of blessing, which was living and surrounded by their livelihood.
How can we return the blessing to our homes?
If we look at the details of our lives today, we will miss many of the particles that were the reason for the old blessing that made bread bread enough for a few members of our first family. We need to remember what our people were doing. They were fulfilling the rights of God and the rights of the whole people, and they did not accept the money is not good and do not underestimate doubt, and they come out early to ask for their livelihood, and finally they meet on food and are named in the name of God in all their activities. They were able to get the blessing that is not realized by the large amount of money and not by increasing working hours. It is the secret of the blessed livelihood which God gives to the righteous of His slaves.
And after the realization of the blessing in our livelihood, and through a decisive management of our expenses according to our income and according to the principles of the most important that we do not give in to our demands of the unfulfilled, and not accept to participate in the marathon of consumption, and not to be loyal students of commercial advertising professors that continue to teach us to study consumption and consumption and consumption, After these principles, we will succeed in managing our expenses according to our monthly income, and we will look at the last days that we consumed without planning, as if we were ignorant days that we would never want to return to.