For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.
Actually I have already son and we need to give his daily needs especially his milk. Bitcoin really help us to survive every but we are still budgeting it for us to have savings also. Like if have already get my bounty reward of campaign the 50% is for our daily needs the other 10% is for our responsibility the 20% is for our savings then the 20% left is for our wants too like shopping clothes and many more.
As a parent I make sure to manage my money wisely. To budget is to plan. There is a saying "if you fail to plan then you plan to fail". I make a list or record all my expenses daily with date and price. Then at the end of the month I separated all my expenses. All my total expenses will be my underlying to make a budget plan. I consider the fixed expenses as an important of course. It includes my rental, tuitions for my kids,savings for an emergency cases and our personal savings. Our food belongs to variable expenses because it may change its price in the market sometimes. I can also reduce our transportation budget because we can walk with my children going to school as it is not far away from our house.