Segundo D by Alejandro Rosales https://padlet.com/wexinformatics/segundoD Colegio Wexford en-us 2016-09-06 02:57:18 UTC 2026-02-20 18:31:01 UTC hello@padlet.com What is a budget? https://padlet.com/wexinformatics/segundoD/wish/1755083932 A budget is an estimate of income and expenses over a period of time and is used by governments, businesses, and individuals. A budget is a financial plan normally known to improve the success of any financial endeavor.]]> 2021-09-20 19:05:04 UTC https://padlet.com/wexinformatics/segundoD/wish/1755083932 Create a 50/30/20 https://padlet.com/wexinformatics/segundoD/wish/1755113737 50% Needs
30% Wants
20% Savings]]> 2021-09-20 19:18:31 UTC https://padlet.com/wexinformatics/segundoD/wish/1755113737 https://padlet.com/wexinformatics/segundoD/wish/1755128913 Here are some budget tips : 

Understand your income 
You need to know how much money you’ll get both before and after taxes—also known as separating gross income from net income. As a result, you will know how much money you really get from any wages you have earned.
Project your expenses 
Like your income, layout whatever potential expenses you have coming your way for the month in question. Include car-related payments (gas, insurance payments, etc.), mobile phone costs, food and drink, grooming costs (haircuts, clothes, makeup, etc.), or any other living expenses.
 Having a separate budget for each month will help reduce the stress.


Spend wisely
A credit card is a ready-made solution to help you pay for something when you’re a little short on cash, but it also looks flashy. But know that you still have to pay them off, and if you aren’t making a quality salary, it can be a tough task.
If you don’t need to use a card when going out, leave it at home. Credit cards are more for emergency purposes or significant purchases, not necessarily for those designer shirts or dresses you’ve been eyeing through shop windows.

Save it for what you really want it 
Establishing long-term savings goals helps you manage future expectations for those major life goals you wished for growing up. Whether it be your first car, a place of your own, or to start your own business, you need the vision to set those goals in motion.

Keep earning 
No matter how old you are.’ If you have the right physical and mental capabilities, take on as many income-builders as possible so that saving becomes a more natural practice.Any part-time jobs also help. The more you keep yourself active, the more opportunity you’ll have to reach the earning potential you seek.

Learn about inflation 
Costs vary over time. What cost $100 a few months ago may cost $105 now due to inflation. Inflation is a steady increase of goods or services and gives a clearer indication of why you have to pay higher costs going forward.

Divide and rule
Use the 50/30/20 method
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