| Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from bender and more videos in the Budgeting category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com They don't call it minimum wage for nothing ... How's a guy supposed to get ahead, breaking his back 24-7, when all it gets you is chicken scratch? My friend, you need a budget. To complete this How-To you will need: Discipline Ability to add, subtract, multiply, and divide Bank or credit union Step 1: Add up income Add up all your income. Step 2: Divide by months it took to earn Divide the total by the number of months it took you to earn it. The result is your monthly income. Step 3: Add up monthly expenses Add up your essential monthly expenses, like food, rent, transportation, and personal necessities. Step 4: Add up nonessential spending Next add up your nonessential monthly spending. Step 5: Add up expenses Now add up your expenses, and pray the total is lower than your monthly income. If your expenses exceed your income, you'll need to cut back on nonessential items. Step 6: Stick to numbers Once your numbers are set, stick to them! Discipline is the key to living on a budget. Tip: Try to set aside a small portion of your income on a regular basis—make sure to deposit it in a secure savings institution. Step 7: Take public ... |
