Do You Know Where Your Money Goes Every Month?
Most people say this at the end of the month:
"I have no idea where all my money went!"
If this sounds familiar, then this post is for you.
1. Why Is Budgeting Important?
If you want to take control of your money, the first step is making a budget.
It helps you:
- Understand how much you earn
- Track where you spend
- Figure out how much you can save
2. How to Make a Simple Budget in 3 Easy Steps
Step 1: List Your Monthly Income
Salary, freelance work, remittance — anything that brings money in.
Step 2: Divide Your Expenses into 3 Categories
- Essentials: Rent, groceries, electricity
- Important: Internet, fuel
- Optional: Dining out, shopping, Netflix
Step 3: Use the 50/30/20 Rule
- 50% – Essentials
- 30% – Lifestyle & other needs
- 20% – Saving & Investing
3. Free Budget Template Coming Soon!
Soon, we’ll be sharing a free Excel budgeting sheet you can download and use instantly. Follow Smart Paisa to stay updated!
4. Today’s Action Step:
Try writing down your own basic budget today.
Have you ever made a budget before? Let us know in the comments!
Your financial buddy,
The Smart Paisa Team
dis is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, dis is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon