Post
Topic
Board Economics
Re: Trusting your budget in times like this.
by
bangjoe
on 20/10/2024, 20:42:42 UTC
It is very important for every man to have a budget on how to spend to avoid being broke or overspending. But some people I take myself for an instance no matter how I make my budget at some points I still exceed it so I really need your thoughts guys.
And at the same time having a successful budget and maintaining your budget depends on the situation of your country in a country where prices of goods are not stable it would be very difficult to have a trusted budget.

So how do you manage your budget in a rotational economy I think I myself would need to hear from you guys.
You need to see first the costs you have to spend in each month, then see how much money you definitely get each month, maybe you have reached the stage of distributing money from your income, but you missed some things such as reserve funds and others that you need to prepare to anticipate if there is an urgent need. then if you see from your total calculation, your income does not meet your needs or costs that must be incurred every month then what you need to do is reduce your expenses and or look for additional income to meet it, this is the basic principle of budgeting your life, if it is related to a rotating economy I think real price fluctuations are not like crypto assets which have large fluctuations in a matter of months, so you don't need to worry about it.