Do It Yourself Financial Plan : How to have good Financial Planning for single income?

Do It Yourself Financial Plan

Do It Yourself Financial PlanDo It Yourself Financial Plan

In the uncertainty world it looks difficult to have good financial planning for people who has single income. does anybody share with me?

First list all your expenses (Do It Yourself Financial Plan) over a given time period like per month.

Next list your income.

Add both up–if your expenses are greater than your income you need to do one of two things. A: reduce your expenses or B: increase your income.

Once you have your needs covered, you give yourself something to spend that’s extra but not too much. Set up a regular savings plan with your bank. Even if it’s only a few dollars per month going into a savings account, it will add up. Try not too look at it and let it grow so you will have it in case of a major emergency like losing your job or something like that. Seeing a huge sale on collector dolls on the shopping channel is not a major emergency.

Do It Yourself Financial Plan

Once you learn to live within your means, everything else is downhill from there. You might buy a book on personal finance. They have lots of them at the local bookstore. Or you can just go to your local library and read them for free! Do It Yourself Financial Plan

Do It Yourself Financial Plan