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.
I have a different view in this case because in my opinion, to start allocating expenses, of course we have to look at the income in one month that we get because this is important to make our budget not too overloaded in expenses so that what we spend is not greater than what we get from monthly income.
The reason is quite simple even though we know that spending every month starting from primary or secondary needs must of course keep going even without the budget coming in from income but at least when we have a fixed income (eg from salary) then we can better project ourselves for good management in finance so that our salary is not wasted on unnecessary expenses. If in the end we only rely on expenses without looking at income first, it may not be a balance because you will try to justify anything so that your expenses can be overcome.
Although in some cases it is good because we have the motivation to earn more money from hard work or side work, but when it cannot be fulfilled and you do not get additional money, the budgeted expenses will become difficult because it is not balanced and even overloaded with the income we have.