Wednesday, June 26, 2019

3 Simple Ways to Organize a Personal Budget

Spectr News Theme Eskanisa Ramadiani
13, November 2018

Do you feel salary you receive is gone so fast? In fact, even you have high salary is never enough if you use for unnecessary things. Here are 3 simple ways you can apply to organize your personal financial.

1. Prioritize Needs

There is no end to your wants and desires. Need and want are two different things, need is something you cannot live without, while desire is something you wish to have. What makes people failed in arranging financial plan is to prioritize wants over needs. You will end up with lose more money than you received. One important thing to note is always prioritize needs, press down any unnecessary expenses as much as possible and save more money. Those simple habits must be able to do for a better life in the future.

2. Keep Track of Your Expenses

For those who already have a fixed salary, record every purchase is a must, keep into a pocket-sized notebook, you know where your cash is flowing. Notes you make will show total expenses for each post, such as transportation, food, electricity, telephone and so on, including entertainment, shopping or eating in restaurants. If the entertainment nominal bigger than your daily needed, it is the perfect time to get rid of those consumptive activities, so you do not need to experience financial difficulties later on. 

3. Separate Bank Accounts

If you already have a fixed salary every month, you should separate bank accounts for saving and daily needed. Having more than one bank account is a simple way to control your finance. Choose bank that offers you an autodebet system, salary you receive every month will immediately be set aside for a saving. When you are fully committed to save and get rid of consumerism, all your bank accounts will be well maintained.


Eskanisa Ramadiani
Eskanisa Ramadiani