Are You Ready for Independence and Rent?

Secondly I will tell you about a budget. A budget is a plan to help you spend your money (like you have right now). This is to help you not to go into debt. If you don’t have

creating budgets can help you save your money. Another thing it can help with is setting goals. this goes along with saving and creating budgets so you can afford, for example a car, or a house in the future.

“Keep a record of your expenditures. Record and review monthly income and expenses. Determine how to reduce what you spend for nonessentials….discipline yourself to live within your budget plan.”

According to Shim, Siegel, Shim 2012, budgets are an efficient method of allocating financial resources to achieve strategic goals. For companies to compete in the global market it is essential to monitor and control spending in order to see progress toward reaching their goals. Budgets help to control spending, estimate cash flow and profits, while striving to meet goals.

A budget is how you avoid going overboard or lose track of your spending. No one wants 5-figures of consumer debt do they? Rule 1 is always budget with your NET income, which is your income after taxes.

As children grow up, they dream of doing adult things; making their own rules, working wherever they want to, and calling a place their own. But as everyone grows older, there comes a realization that there are positives and negatives to every decision made. A big, usually first, decision someone makes when they cross the line into adulthood is where they are going to live. Or, rather, to buy a house or to rent an apartment, even a townhouse. Buying and renting may seem very similar, however, there are many striking differences between the two that could easily change a person’s mind.

This document is designed to provide its users the opportunity to establish some guidelines related to the details of their living arrangements. Users are encouraged to spend quality time discussing each section, being as forthright and honest with their opinions as possible.

Even moving to a new house can be a little nerve racking. Will there be enough space? How will the community be? These are all questions that can go through a person's mind when moving.

People move to different places or house for a variety of reasons. Some of their moves may be work related, while other may move for academic reasons. Most of the time people that move to a different place are more often faced with new challenges or cultural setbacks. They must adapt their lifestyle to the new place. They must take decisions whether they want to blend in or not. Hence, my life had changed and switched when I moved at the age of 25 into a new house that my fiancée and I purchased in the year of 2015.My life has shifted from being youth to be a ground man because being a home owner another step of the life that takes you to a different horizon. I made myself a lot of responsibilities as a young man and as a first-time homeowner. However, being a homeowner made me more responsible, made me discover new challenges that also help me at the end be more mature and grown man.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).

I have been moving my whole life. When I was with my parents I moved because of my their jobs; now because of my job. My parents used to rent a commercial truck, hire helpers or hire movers. Everything seemed so easy back then. I even did not pack my own stuff, my mom did it for me. Now the moving is not so much fun and many times it is nightmare when I have no help at all. I have been living on my own for almost ten years now. I had so many ideas for my apartment /house but I hardly bought anything more than I really needed. I thought that would be a waste of money if I am not able to take them with me. I used to throw or give away my belongings. These days I buy whatever I like and sell them instead.

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.

Budgeting involves setting what percent of future income is to be spent on which categories of expenses, and then recording all purchases in order to track how well spending is staying within the predefined limits. The process sounds very simple, however, it is difficult, in my opinion, to stick with a budget for very long. The energy and dedication needed to keep track of where the money goes is tremendous. I 've tried budgeting on several occasions and failed miserably because I couldn 't stomach keeping track of every penny I spent.

A budget is a plan. Budgeting is generally formalized written documents. Budgeting is the process of developing a plan, implementing it and attempting to control outcomes so that they confirm to or exceed the result called for by the plan. Budgeting is an element of cost accounting, because mush of planning related to cost the organization expects to incur.

Although budgeting helps reduces many troubles such as debts, everyone still needs time to learn to earn, to spend, and to save money. Therefore, know your needs and range them and choose which attain the best for your own personal aim.