The only solution to implementing a change for the better is to start doing the activities/tasks required to effect that change. Thus, let us help you out in creating a personal budget for yourself so that it becomes a habit.
Before jumping into the exercise of creating a budget, you can decide on a few things:
1. The time duration of the budget i.e weekly, monthly or yearly.
2. The purpose of the budget i.e to control expenses, to plan investments, or something else entirely.
3. The third is not a decision but a promise that you will be obedient to your budget (Pinkie swear promise!)
One of the most traditional ways to create a budget is using a notepad and a pen (though you can also used different colored pens to make it look fancy) on the last day of the previous month.
Thus, if Sheldon is making a budget for March, he should ideally do it on the 28th of February but if you are not as punctual as Sheldon, you can still create your budget a bit late!
A simplest budget should compulsorlily cover the following areas:
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Thank you Yuva members for organising such a fun and informative lecture. We enjoyed it a lot. Meeting and learning from Mihir Sir was really an amazing experience. And this is not only our feeling but all the students enjoyed his lecture very much and look forward to many such events.