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Understanding where all your money is going and trying to save a little each month can be a difficult task. Unplanned expenses resulting from spontaneous desires can lead you to have nothing in your pocket sooner than you thought.

We studied ways to plan your family and personal budgets very carefully, and we recommend trying these four simple Golden but highly effective rules.

How To Plan a Family Budget

4 Golden Rules to Ensure You Always Have Enough Money

1. THE “50/30/20” METHOD

Who this is for:

Those with a stable income but who aren’t managing to set money aside.

WAGES:

50% On basic monthly expenses (utility bills, food).

30% On less important but necessary things (digital TV, Internet, clothes).

20% For the future (savings, unforeseen expenses, presents, etc).

2. THE “SIMPLE” METHOD

Who this is for:

Those who don’t want to have to strictly limit themselves.

Divide your budget into 2 parts: permanent expenses and everything else.

Permanent expenses: The amount you spend on essentials (food, rent, etc).

4 Golden Rules to Ensure You Always Have Enough Money

Everything else: All entertainment and purchases you could live without (cafes, restaurants, concerts, cinema, etc).

4 Golden Rules to Ensure You Always Have Enough Money

3. THE “BASIC BUDGET’ METHOD

Who this is for:

Those without a steady income, and those who want to save.

Work out your minimum monthly budget. Count how much you spend on necessities.

4 Golden Rules to Ensure You Always Have Enough Money

All the money you get on top of this can go toward long-term aims.

4 Golden Rules to Ensure You Always Have Enough Money

4. THE “WEEKLY ALLOWANCE” METHOD

Who this is for:

Those who unexpectedly run out of money several days before pay day, and those who want to save.

Work out how much of your monthly budget you want to spend and how much to save. Divide the first part into 4 weeks, and give yourself a weekly allowance that you can spend on whatever you want. Exceeding the monthly limit is forbidden.

4 Golden Rules to Ensure You Always Have Enough Money

So take responsibility and control of your finances and don’t become a slave to money, make money your servant!

Based On Material Finance

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