We all have been living on a budget and we have a planned personal finance. Else, we would have been bankrupt already. However, we tend to spend a lot more than what we earn. Then, we use credit cards. Sooner or later we get huge credit card bills but our source of income and the amount we earn is same to that of the last time. How To Live On A Budget can come off as a very challenging question in anyone’s life when the topic of discussion is about personal finance.
God forbid that the thing I type next would not occur to anyone on earth. But let’s face the reality. Now we have a huge amount of liability to pay off. What do we do? We sell stuffs that we own. That will eventually make us homeless. Are you scared? This is exactly why I’m writing this blog today.
FAQs by the students:
- Is it possible to live on a budget when I have huge utility bills to pay off? Should I not have fun?
- How do I control my expenditures when I’m with my friends?
- What can I do to make sure I spend less but still live a decent life?
I totally understand where these queries come from. Trust me, I’ve been there before. I know exactly how it feels to have less money. I will be answering your popular questions. Let’s begin:
…but in this world nothing can be said to be certain, except death and taxes.Benjamin Franklin
It is no secret that living a life is expensive. Life comes along with the bills, tax, mortgage, etc. However, life goes on. We need to pay our bills, taxes, mortgages, etc. no matter what.
Is it possible to live on a budget when I have huge utility bills to pay off? Should i not have fun?
When you have a lot of utility bills to pay off, you should consider living in a cheap rent. You can save a little amount of money when you live in a cheap rent. You can now use the amount of money you have saved to hangout with your friends.
How do I control my expenditures when I’m with my friends?
We have another scenario. You are with your friends but you dont make as much as they do. In that case, you can either go make money while having fun or just have fun with your friends with less money in your pocket.
What can I do to make sure I spend less but still live a decent life?
If you want to spend less and still want to live a decent life, then you can search for a single bed room with decent kitchen. You can save a lot on your utility bills and rent amount. If you are outgoing like me, having a small place to live in is a perfect bait.
We can now at least manage to live in strict situation. However, we need to know how to utilise money when we have it. One of the safest choices can be investing in stocks because stocks are evergreen.
There are many topics I have not covered on this post. I will keep you updated.