Budget preparation on daily basis.
By shellback
@shellback (864)
Philippines
September 30, 2009 8:10am CST
What system that you applied most in terms of budgeting your monthly earnings? For me I prepared to use this on everyday basis:
60% - for daily subsistence ( food, rent, clothing, gas, etc..)
30% - for savings/reserve/investments
10% - for tithes (church offerings)
Certainly this is my best suggestions,... Would you try it?
1 person likes this
1 response
@maygodblessu44 (7336)
• India
25 Oct 09
Hello my friend shellback Ji,
I think, if vmore than 10% is saved of one's earning, one may have to compromise on other fronts. Let's follow a proper budgeting by economics, where only 10% has been recomanded.
May God bless You and have a great time.
@shellback (864)
• Philippines
26 Oct 09
So you recommend to saved only 10% and the other20% can be put to daily expenses? or in tithes? anyway if you have a lot of income per month then 10% is much bigger, thanks friend..
1 person likes this
@maygodblessu44 (7336)
• India
26 Oct 09
Hello my friend shellback Ji,
While we work out in percentage, 'more OR less' amount never comes in picture. So Econimist havesuggested three types of Budget considering LOW, HIGH and MEDIUM. If one voilates these guide lines, one may land under bankrupt, under debt, even living standard or even medicines may not be availble, education of children may also be effected. Daily/Monthly budget have got direct bearing in one's life.
May god bless You nand have a great time.
@shellback (864)
• Philippines
27 Oct 09
We are on monthly basis, economist saying are true, all things are affected if the budget system are inappropriate, we are talking here are more about our personal budget system or in our household.
