Avery Brake

📝Another tip for retirees

Bottom-Up Budgeting:

On the other hand, the bottom-up budgeting approach involves collecting individual targets and budget proposals from each department or team. While this method encourages participation, it can lead to challenges when team budgets collectively exceed what the organization can sustain.

This happened when, after going public with a company, we faced an overwhelming spending proposal that had to be revised.

“The simplest definition of a budget is ‘telling your money where to go.’” – Tsh Oxenreider

Students! need more tips? here you go, have fun savings and making a better student life for yourself!

Establish your budget

The best way to jumpstart establishing a budget is to realize your spending habits. On the first day of a new month, get a receipt for everything you purchase throughout the month.

Stack the receipts into categories like restaurants, groceries, and personal care. At the end of the month you will be able to clearly see where your money is going.

Additionally, your bank or credit union may have this as an online-banking feature. Seeing what you spend in total on food, shopping, etc. can be humbling!

Some helpful tips from when in need ,some basics!

go according to the plan and make yourself happy!

1. “If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” – Edmund Burke

Save first, spend later!!

Pay yourself first. Around 60% of us save money either every, or most, months, according to research. If you are struggling, try using the 50/30/20 approach to budgeting.

Money saving tips for students living abroad!

The money you make is the symbol of the value you create !

For the beginners!

Make a budget.
A budget is just a plan for your money. Think of it as a map to get you to your money goals. And you need a budget.

Because here’s the thing—if you do every single tip in this how to save money list, but you don’t have a budget . . . you’re playing yourself.
You’ll end up accidentally spending everything you intentionally saved. Simply because you didn’t have a plan!

Save up!

“Budgeting is not just for people who do not have enough money. It is for everyone who wants to ensure that their money is enough.” – Rosette Mugidde Wamambe