Create a Monthly Budget plan with 5 free easy steps

Weddings are lavish and tiresome worldwide but what’s more frustrating are the month end bills and extra cash you need when you have none left. Loans from friends and family members for emergency situations are understandable, but persisting on it for a long haul doesn’t seem like the right ideology to lead the marriage life you once dreamed of. So here is to the people who are stuck at the month end and end up at loans and deduction from their savings.

Five easy steps to create a monthly budget plan after marriage,

Step 1:

Discuss, pick a date before the beginning of next month, and sit with your better half, initiate a conversation that goes well with each other. Bring out your ideology of this month plan and ask their opinion. Work on common terms. Build a strategy, decide to abide on that. If both of you are earning and this pre-decision will help in savings.

Step 2:

After having a discussion on working on the budget, now it’s time to work on the details Write down the priority expenses and bills and go for the minor expenses, segregate separate columns for entertainment and shopping

Step 3:

Write down them in numbers and make sure you keep some portion for emergency and make sure you save your vacation if you are planning on one.

Step 4:

 Work on your previous month expenses, check the loose ends and try to make a note on them. Working on the last month bills will give a heads up on the upcoming repetitive unexpected expenses. Work it together and don’t blame each other at any situation.

Step 5:

Go for budgeting apps in your smart phone and make sure you note them each at the time of expenses and discuss it with each other later. Be reasonable on your expenses, avoid unhealthy spendings. Try budgeting within your income not on some loans or unpaid debts.

Have some extra money for birthday, wedding and other functions, plan in advance

These above five steps might clear the clutter that sum up all these days in your savings. It’s time to save some buck and hit that dream vacation spot of yours. Happy living ahead.