CManaging and hadling personal finances and budget will prepar you for life. Maintaining a budget is essential because it helps you be finically free to do what you like and not worry about bills and responsibly manage your money. Paying bills and house hold expenses are a necessity of life so it 's important to know, understand and manage your money correctly. Building a structure plan will help you achieve finical independence.
Credit cards are used to buy things and pay for them little by little and pay it off over time. Credit is loan used to buy but you must pay it back to the bank little by little. Some banks or issuers of credit cards may charge a small fee for their cards. They also provide "courtesy" checks to customers. Charge cards …show more content…
Life, health, long-term disability coverage and auto are all four insurances you must have. Life insurance is basically money you leave behind for your funeral and any bills for your family to fall back in. Health insurance is to pay any hospital visits and if your employer has a health plan you should talk about it so it can be cheaper. Long term disability coverage is for is you are unable to work before you retire you have a steady income. "Yet, statistics from Social Security Administration show that three in 10 workers entering the workforce will become disabled, and will be unable to work before they reach the age of retirement." "There were over 10-million traffic accidents in the U.S in 2009 (latest available data) and 33,808 people died in motor vehicle crashes in thos accidents , according to data released by the Fatality Analysis Reporting System (FARS)." Auto insurance helps with fines after an accident and if you drive around and get into a car accident without auto insurance the fines will be the least of your worries. Not all states say you must have auto insurance but you would rather be safe then …show more content…
After the bills where payed I was left with enough to buy food for three weeks but I spent a good portion on coffee and take out like Chinese food , pizza, and Olive Garden. I was left to buy food for the house for only two weeks. For example, my paycheck is 1000 dollars, 600 were for the bills so I 'm left with 400. Which I would be able to buy food for the house for three weeks that 's three pay check that the rest I can spend on me. I order take out 3 out of 7 days of the week and take out is minimum for me 30 dollars (I eat a lot so what) after the week it would be 120 I would have if I didn 't spend it on take out. I drink coffee everyday of the week and at race track a medium coffee is 5 dollars after the week that 's 35 dollars that could have been in my pocket if I didn 't spend it. Having to buy food every week for the house messed me up when it came to pay the bills next week.
I made a few adjustments to how much of my money goes to eating out and coffee. It was a small change but it made a big difference on my budget because I then was able to save enough money to buy food for the house once every two weeks.i had to make them because I was not going to be able to improve my situation when it came to food. I was losing money in the long run because so much would go down the drain unless I used half of it to buy food and still be able to go eat out. Now my budget looks better and I 'm saving money while I enjoy
Credit cards are used to buy things and pay for them little by little and pay it off over time. Credit is loan used to buy but you must pay it back to the bank little by little. Some banks or issuers of credit cards may charge a small fee for their cards. They also provide "courtesy" checks to customers. Charge cards …show more content…
Life, health, long-term disability coverage and auto are all four insurances you must have. Life insurance is basically money you leave behind for your funeral and any bills for your family to fall back in. Health insurance is to pay any hospital visits and if your employer has a health plan you should talk about it so it can be cheaper. Long term disability coverage is for is you are unable to work before you retire you have a steady income. "Yet, statistics from Social Security Administration show that three in 10 workers entering the workforce will become disabled, and will be unable to work before they reach the age of retirement." "There were over 10-million traffic accidents in the U.S in 2009 (latest available data) and 33,808 people died in motor vehicle crashes in thos accidents , according to data released by the Fatality Analysis Reporting System (FARS)." Auto insurance helps with fines after an accident and if you drive around and get into a car accident without auto insurance the fines will be the least of your worries. Not all states say you must have auto insurance but you would rather be safe then …show more content…
After the bills where payed I was left with enough to buy food for three weeks but I spent a good portion on coffee and take out like Chinese food , pizza, and Olive Garden. I was left to buy food for the house for only two weeks. For example, my paycheck is 1000 dollars, 600 were for the bills so I 'm left with 400. Which I would be able to buy food for the house for three weeks that 's three pay check that the rest I can spend on me. I order take out 3 out of 7 days of the week and take out is minimum for me 30 dollars (I eat a lot so what) after the week it would be 120 I would have if I didn 't spend it on take out. I drink coffee everyday of the week and at race track a medium coffee is 5 dollars after the week that 's 35 dollars that could have been in my pocket if I didn 't spend it. Having to buy food every week for the house messed me up when it came to pay the bills next week.
I made a few adjustments to how much of my money goes to eating out and coffee. It was a small change but it made a big difference on my budget because I then was able to save enough money to buy food for the house once every two weeks.i had to make them because I was not going to be able to improve my situation when it came to food. I was losing money in the long run because so much would go down the drain unless I used half of it to buy food and still be able to go eat out. Now my budget looks better and I 'm saving money while I enjoy