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! - Do I need my money for something else more important? - Will this item go on sale? If you happen to take a moment to think about whether you should buy or not, then dont. This only means that you do not probably want to spend your money and save it for something of more importance. Keep these simple thoughts in mind. Quick Guide to Personal Budgeting What makes budgeting hard is the fact that you would also have to think of the welfare of the other people who are living with you, if in case there are others with you. If you live alone, then good for you because the only dillemma you have is budgeting for your personal needs. Factors are given adjustments to arrive at the figures of current year's budget. On the other hand, zero base budgeting starts from scratch. Previous year prices are not used for any calculation. In zero based budgeting you are given a fixed period of time, the next quarter or year for example. You are asked make a justification on the proposed expenses during that time period solely on their rewards. If a member of the family might get sick or the money you expected to receive is delayed, you will have an emergency fall back plan. Resist the temptation to splurge. One problem that stops you from budgeting money is the tendency to buy on impulse. Think of the bills that come on a monthly basis that needs to be paid. All you have to do is scout, scout, scout: in the internet, thrift shops and local markets. The challenge lies on the second. Wedding budgeting is tricky. Wedding budgeting is not all about finding the cheapest supplies. It starts with dividing your money in percentages and putting them in their right places.