The Importance of Managing Money
Introduction > Take the Test > Where Do You Get Your Money? > How To Handle Money > Budgeting and Saving > Conclusion
Budgeting and Saving > Sample Budget > Figuring Out Your Monthly Expenses > Budget Boosters >
Saving for a Rainy Day
Figuring Out Your Monthly Expenses
It's hard to follow a budget it you aren't sure how much you spend each month. Here are some questions to help when you start creating your budget.
- How much do you pay in rent or on a mortgage?
- How much are your utilities? (Gas, Electric, Heat, Water, Phone, Cable, Cell Phone, Internet Service, etc.)
- Do you have any loans or monthly payments? (School loans, car payments, etc.)
- How much do you spend on groceries each week/month?
- How much do you spend eating out regularly (buying lunch at work or school, etc.)
- How much do you spend for transportation? Do you take public transportation or do you have a car? If you have a car, how much does parking, gas, upkeep etc. cost you each month?
- Do you pay for insurance? (Car insurance, health insurance, dental insurance, etc.)
- Do you have regular medical costs that aren't covered by your insurance? (Prescriptions, therapy, etc.)
Next: Budget Boosters