The End Times
How To Make A Household Budget
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How To Make A Household Budget
The end times we are entering demand we tighten our belt
and budget our household income and expenses. Here is a simple way to get
started for those millions who have never made out the household budget.
It is amazing to me to the large number of people who do
not make out a simple budget. It not only is a necessity for the end times we
are entering but it can also be fun and helps us prepare for the economic
downturn and lay-offs not only in America, but also across the world.
In an internet search for how to budget, there was very
complicated processes given to prepare a budget with terms and directions that
would be discouraging to even those sophisticated in budget preparation.
For a personal household budget, it just needs to be simple
so you know what income is coming in and how you are letting it go out. It is
the “how you are letting it out” that is the key. This is the part that
surprises so many people who do not budget.
It is amazing how the money just slips away without your
knowing where it went. As we enter deeper and deeper into the end times and the
economy becomes more and more of an issue now is the time to begin preparing and
learning how to budget yourself.
Follow These Simple Steps to Prepare Your Budget
- First, get yourself a small note pad that you can
carry with you.
- Every time you make a purchase note the date, cost and
item. Even if it is a nickel or dime (or more!) for a parking meter.
- At the end of the month transfer your data to an 8 ½ X
12 tablet and list your items together in categories. For example,
groceries, gas, coffee, candy, pop, rent, phone bill, utilities,
entertainment, etc. (whatever categories you have in your lifestyle).
- Record your amounts in a horizontal line across the
page: date, dollar amount and item description.
- During the same month, record all you income. You can
put this in a separate column to the far right on your tablet.
- Add you money columns.
- Review both documents to see if there are any large or
unusual income amounts or any large expense amounts that would not normally
happen in a month. If there are, lower them to a normal amount or don’t
record them, if they will give you a wrong idea of what a normal month’s
income or expenses are. Some of your expenses might come less often than
monthly, such as car insurance, which usually comes every six months. In
that case, set aside the monthly equivalent, even though you won’t send the
money away until the bill comes.
- Look to make sure the Grand Total of the Income
Tracker is larger than the Grand Total of the Expense Tracker. If it’s not,
then somehow you are spending more than you are receiving, and that doesn’t
work!! So you will have to reduce some of those individual column amounts
in the Expense Tracker to a smaller “spending goal.”
- Be sure to look at the total for each category, for
example $40.00 for entertainment and write that total amount in a column off
beside your group of categories items for entertainment. Do that for each
group of items.
- Look over your spending in the different categories
you have created. Do you need to cut expenses? Where can you cut? You
must make decisions on how you are going to spend.
- Be sure you mark down every penny you spend in your
little note pad. In a few months, you will begin to refine this simple
method to fit you.
- If it looks like you are going to run out of money
before the month is over, then you have to cut back on your expenses so you
don’t run out. You cannot go over. You cannot spend money you do not have!!
- At the end of the month, analyze how you did. Did you
record every transaction? Then see if you need to or want to change any of
the budget numbers in a category, or just be more careful next month. Make
whatever adjustments you need so that you do not spend more then you make.
It is important to note that
God’s people will experience increased difficultly from the world the deeper
into the end times we go, so we must get prepared.
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