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Post by Mr. Meyer on Sept 29, 2015 14:47:09 GMT
Describe how changes in income or expenses affect your personal budget.
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Post by clarahanger on Oct 9, 2015 16:26:22 GMT
If your income or expenses change, you have to bend your personal budget to compromise with the changes. This may mean cutting money away from a particular area, or giving yourself even more money to put into spending or saving. You have to work with your personal budget to make it work with your income and expenses, even when they fluctuate.
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Post by mouser on Oct 11, 2015 17:26:34 GMT
I definitely agree it means you have to make changes to your budget in one way or another, but it also means you have to decide which part of your budget is a priority. Do you want to give/take from your entertainment money or savings etc.
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Post by laurenhanger on Oct 16, 2015 14:53:24 GMT
I definitely agree it means you have to make changes to your budget in one way or another, but it also means you have to decide which part of your budget is a priority. Do you want to give/take from your entertainment money or savings etc. I agree with Michael. You have to decide what is the most important part of your budget and focus on that first. |
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Post by mckenna on Oct 16, 2015 16:51:48 GMT
I definitely agree it means you have to make changes to your budget in one way or another, but it also means you have to decide which part of your budget is a priority. Do you want to give/take from your entertainment money or savings etc. I agree with Michael. You have to decide what is the most important part of your budget and focus on that first. I agree with Lauren. Everyone has different priorities so you have to focus on the important ones |
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Post by jonathan on Oct 17, 2015 19:55:20 GMT
you can budget what you don't have. so no matter what you say you will budget, you have to actually have to have the funds to do so. so if you have a constantly, changing, income like my dad you will have to change your budget every month which means changing you priority's every month to.
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Post by clarahanger on Oct 17, 2015 23:43:58 GMT
I agree with Michael. You have to decide what is the most important part of your budget and focus on that first. I agree with Lauren. Everyone has different priorities so you have to focus on the important ones I agree with all this stuff ^ |
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Post by hgore on Oct 21, 2015 18:08:25 GMT
You wont have money for things that you want
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Post by booklover468 on Oct 22, 2015 23:06:05 GMT
I agree with Clara, you have to be flexible with your money schedule
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Post by alexandrafabulous on Oct 24, 2015 18:55:29 GMT
If your income or expenses change, you have to bend your personal budget to compromise with the changes. This may mean cutting money away from a particular area, or giving yourself even more money to put into spending or saving. You have to work with your personal budget to make it work with your income and expenses, even when they fluctuate. Exactly. You have to know where you're going to put any extra money you have when you have a positive change in income and what things you're going to cut down on when you have a negative change in income. |
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dora
New Member
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Post by dora on Oct 25, 2015 23:51:49 GMT
If your income or expenses change, you have to bend your personal budget to compromise with the changes. This may mean cutting money away from a particular area, or giving yourself even more money to put into spending or saving. You have to work with your personal budget to make it work with your income and expenses, even when they fluctuate. I agree, your budget needs to change if your income or expenses change. I think that, especially in the beginning, your budget will rarely be the same every month anyway. It will change based on your priorities in that season. |
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Post by coyjohnson on Oct 26, 2015 1:35:35 GMT
If it is a decrease, you really have to prioritize. In the case of it being an increase, you should cover your usual budget, and have savings set aside for those lower periods of time. This will help with not touching your emergency fund
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Post by michaelameyer on Feb 19, 2016 21:16:15 GMT
It can make your personal buget increase or decrease if something happens.
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