Budget Control

Thailand
August 13, 2017 3:18am CST
I live on a small monthly income and it used to be very easy to find myself low on money at the end of the month. Now I use a very easy way to know what is going on with my budget. After paying my monthly bills I simply take what ever money is left and divide it by the number of days before the next allotment is due. For example if I have $1000 left I divide it by 30 and know I can spend $33 a day. If I go over or somehow am under than I just do the process over. So if I spend $40 and only have $960 then I divide it by 30 and know I have $32 left daily.
13 people like this
15 responses
@mandala100 (17176)
• Hong Kong
13 Aug
@jaideemai Hi and welcome to myLot my friend. That's a good down to earth and practical approach to mathematical computation of one's budget limit my friend. I'll see you later on my friend.
3 people like this
@YrNemo (1450)
13 Aug
hang on, if you have $1000 left for the month and live in Thailand, then life couldn't be too hard there for you surely? (You have to educate us again of how expensive life over there for you these days...)
2 people like this
• Thailand
13 Aug
LOL! I was using $1000 as an example! But regardless, Thailand is a lot less expensive than the States!
2 people like this
@YrNemo (1450)
14 Aug
@spaceseed (2723)
• India
13 Aug
good strategy
2 people like this
@millie02 (5658)
• United Kingdom
13 Aug
It is good that you know how to manage your money.
1 person likes this
• Thailand
13 Aug
Now that I am not doing free lance writing, the money only comes in once a month so I do have to watch it!
1 person likes this
@marlina (55358)
• Canada
13 Aug
@jaideemai Why did you give up freelance writing?
1 person likes this
• Thailand
13 Aug
@marlina Nobody wants to pay anymore. More fun being expressive here!
1 person likes this
@rebelann (26344)
• El Paso, Texas
13 Aug
I wish I made $1,000 a month. That's ok though, my system is simple. First pay bills then do that division you mentioned, of course thats done after I've bought groceries and gasoline for the month.
1 person likes this
• Thailand
14 Aug
It is fairly simple once you get in the habit of calculating daily.
1 person likes this
@rebelann (26344)
• El Paso, Texas
14 Aug
You only need to calculate daily if you spend daily, I don't @jaideemai
13 Aug
I salute you sir because of your knowledge and how to handle your budget for all expenses !
1 person likes this
• Thailand
14 Aug
When I follow it, there is little problem, but if I decide that I need something major I must force myself to save for a few months. Like the next thing that I MUST buy is a new computer as this one, like me, is showing signs of arthritis! Good news is that I can get a state of the art AYER (top brand over here) for about US$350.
1 person likes this
14 Aug
@jaideemai nice for you sir
@atoz1to10 (6902)
• Australia
13 Aug
Very good that you know how to spend your money. Do you save any money at all?
1 person likes this
• Thailand
13 Aug
I try, but not always too successful.
1 person likes this
@atoz1to10 (6902)
• Australia
13 Aug
@jaideemai Well, at least you try.. All the best and goodluck with your budgetting..
1 person likes this
@peachpurple (1933)
• Malaysia
14 Aug
you are doing a good budget control but $33 per day just for food or everything?
1 person likes this
• Thailand
14 Aug
If I eat off the vendor carts or small food stalls I can by on about US$5 a day!
@Mrgana1 (160)
13 Aug
I suggest you also make little savings, in life it good you plan for unforsen challenges.
1 person likes this
• Thailand
13 Aug
This is for sure! I usually manage to save a little for the "challenges"! Love how you worded that!
@Paige32 (1075)
15 Aug
This is quite creative and a good information. Thanks for this
1 person likes this
@kiran8 (13994)
• Mangalore, India
15 Aug
That is a very wise strategy , you can go one step further and put a dollar away as savings since it would hardly make a difference but would accumulate to a considerable amount
1 person likes this
@gauti2483 (347)
• India
13 Aug
This plan are very good. It's not depend upon low budget salary, That's is good to your future
1 person likes this
@marlina (55358)
• Canada
13 Aug
I have always been good at managing my money.
1 person likes this
@ilocosboy (22135)
• Philippines
13 Aug
wow, that just great you can do budgeting. It's one of my biggest problem, I just can't do it, my hands always itchy to spend.
1 person likes this
@Shavkat (42466)
• Philippines
13 Aug
I usually do this. I need to compute monthly budget. It is a good way to track down expenses.
1 person likes this