So I decided to start a new budget feature here on Penny Thots. This is the first crack at it and I am sure that over the months it will grow and evolve into something new.
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No matter what income bracket you fall under, we must all learn how to budget our money. For those who are facing crippling debts or simply want to build their savings, learning how to budget will help you control where your money goes and make you aware of your spending habits.
Congratulations, you made it into the world with a fresh degree and a first job! Now the bank of Mum and Dad stops paying for your expenses and you are wondering how much you should budget for things? let’s break it down.
If you are facing a financial emergency, the last thing you want to do is panic. This is because if you panic you are more likely to make an impulse decision that may not be in your best interest.
When you shop online, do you pay full price? As I was thinking back to all of the recent online purchases I have made, I don’t think I have once paid the asking price that I found online.
When I went off to college, my focus was on what I needed to bring with me. I was going to college over 500 miles away so it was important to not forget anything.