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.
In managing a budget in an economy that is constantly rotating or unstable, at least we have additional income. Even if there is none, we must learn to manage our finances well and must have an emergency fund and must have investments. There may be many strategies depending on ourselves, but what is certain is that we must change bad habits to be more disciplined in managing finances.
Actually, there is no need to calculate the percentage, just determine how much the monthly consumption budget is. The rest is all invested. The greater the income, the greater the investment value, so you must have long-term and short-term savings so that assets continue to grow for your finances when economic conditions are uncertain.
The point is, stay away from debt, especially debt that is consumptive in nature. Because people who do not have debt are unlikely to go bankrupt (So be careful about debt).