Analysis There is a need for you to analyze possible revenue and expenses for the next year, and at the same time, decide on one set of revenue and expenses to represent your expectations. 3. Record and communicate the budget. Comparing your budgeted and actual results will help in evaluating whether you truly were sticking to your budget or not. Empty your loose change into a jar each night before going to bed. After a short period of time, enough will be accumulated that you can deposit into your savings account. Another problem that goes against your household budgeting is that most consumers overspend because they buy things on impulse. The next time you are tempted into making an impulse buy, ask yourself the following questions: - Should I spend my hard earned money on this? Getting Serious with Personal Finance Budgeting Have you ever noticed that no matter how much money you make in a month, there is never enough? You most likely know how much you earned last month, but do you know how much you spent? If you dont, you are not the only one who doesn't. According to survey, most people spend 10% more than they make! The reason for having a budget is not to cause problems, but to rather to help you see where your hard-earned money is going, and where you can cut corners without having to feel cheated, restrained and uncomfortable about it. One of the very first things you can start doing is to have a habit of writing down every penny you are spending daily. The key is to (1) find the persons who could offer the services you are looking for in the least amount there is in the market and (2) learn to apportion your money properly, or in other words, learn to budget. The first one is easy. All you have to do is scout, scout, scout: in the internet, thrift shops and local markets. Modification is constant for spending is not only limited to your regular expenditures. Irregular expenses include travel, gifts and charity, among others. You can add them to your list whenever the need arises. As soon as you make your budget, be sure to make your budget a dynamic document for success.