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Discussion in 'Content Creation' started by collingwood, Dec 9, 2010.

  1. #1
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    My Sample Articles .
    Sample 1 # :
    BUDGETTING DURING ECONOMIC CRISIS

    The whole world agrees that providing the best for the family is one of the top priorities of a parent like you. You may double or triple your work just to give what your family needs and wants. It won't matter to you, as long as you know you're giving the best of everything to your kids. However, due to the economic crisis that the whole world has been experiencing during these days, there are times when the amount you've got from your day's work does not suffice for your family's need. You always see yourself going over your payslip to know how much you still have for your other needs. You always find yourself asking how you will be able to provide even the most basic needs with a limited budget.
    Actually, you don't have to whine about these things too much. Of course, you can always make do of what you have, as long as you know how to budget your money. Upon receiving your payslip, find a blank notebook and list down your expected expenses. Double check if you have listed down everything so that you won't have to put out money that is not included in your budget list. Be sure that as you list your expenses, you must indicate how much you need for each. For example, the food expenses must be as accurate as possible, considering the expenses for a month, with three to four meals per day. You must be sure that the estimated amounts of expenses that you write on your list is as accurate as possible to the actual amount. Upon completing your list of expenses, rank them according to priority. You might want to allot money first for your kid's tuition, or for the whole week's budget for food, or even for the payment of the bills. It's your call, as long as everything that you have to allot money to has been ranked according to urgency or priority. In that way, you can work your way with a very limited budget. You can first pay everything that you have to without wasting your money to other things that you don't really need. You must also keep that record so that you can always check if you have been overspending or if you have been keeping tight with your budget list.
    On the other hand, you can trim down your expenses by settling for cheaper goods. For example, if you are planning to buy for your week-long menu, you can consider buying them in the market than in stores. It would also help if you only bring the exact money for your groceries (according to your budget list) so you won't have the chance to overspend. You can also consider avoiding buying stuff that you don't really need. Stick to the ones that are really important in your daily lives. You can also consider living a less luxurious life, focusing on what you just have to make out of your money. Of course, rest and recreation are a part of a family's life, but it need not be expensive. A picnic in a park is cheaper than a swimming activity in a resort. Always remember that cheaper family activities do not affect the quality time that you've been longing to have with your family. As long as you, parents, have taught your children on living with simpler lives, there is no need to worry.
    Budgeting need not be a hard task for the parents, especially for the wives. By knowing your priorities and by keeping track of your spending, you can always be sure.
     
    collingwood, Dec 9, 2010 IP