Wednesday, November 5, 2008

Budget Priorities

A budget is an itemized summary of probable expenses and income for a given period. Or, you may prefer to think of it as a way to keep from running out of money before you run out of month! No matter how you refer to it, it’s a tool to help you prioritize your spending and manage your money—no matter how much or how little you have.


What are your priorities for creating a budget for your home and why?

13 comments:

maryellen said...

to have extra money to do other things like go to the movies and other things. to have extra money to go out to eat. i always save money for my rent and to go shopping for food. to also pay all my bills .

yesenia said...

It's good because you get to learn at home and you don't have to pay allot of money

Abdi said...

The priorities of my home budget is not to buy more kinds of supplies. Like cleaning supplies, dishes, and more food when we don't need it. We will monitor our credit scores. And also pay the money for the home loan. And the last thing we will do is not use the car and spend money on gas.

shelly said...

My budget priorities include my monthly grocery shopping,bill payment and savings. After which i put everything on paper and get to working on our expenses.

Jose said...

My dad budget is to save money for gas and to pay the house.Also to pay his bills and and buy food and to buy clothes.

wayne said...

The priorities of our household:
1.pay the mortgage
2.feed the children
3.pay all utilities
4.pay all credit cards
5.pay all insurances
6.figure out transportation costs
7. try to save 10% of whats left

tanazha said...

In my home I choose to pay cash for anything I choose to purchase because in my past experience with family members using credit cards it put them in debt of over $20,000.00 which didn't allow them to purchase the home they wanted.

Mayra said...

with this budget I cant afford much but
try to save as much as I could by not touching one account.

ROBINA said...

TO CONTINUE SAVING MONEY FOR MY KIDS FOR COLLEGE AND STOP SPENDING MONEY ON THINGS THAT ARE NOT NEEDED. CUT DOWN ON WASTING MONEY ON JUNK FOOD FOR THE KIDS AT THE STORE AND EATING OUT TWICE A WEEK.

grace said...

morgage,utilities,phone,food,entretaiment
medecine,clothes,gas for car.

6th Grade Humanities said...

Priority for my budget

Savings
Food
Rent
Clothes
Gas
Heat
Electricity
Laundry

6th Grade Humanities said...

to have extra money i wall have to spand my money shopping food and any think i need on that time. we all save our money to use it. if we have extra money i think we all shold do anything that we need to.

tanazha said...

My home budgeet priorities are rent, phone,food,toiletries,and if there is anything left over I take the kids out to eat or the movies.