FINATEKA [Android]

The most convenient assistant for personal finance management. Keep your expenses and income under your control.

Here are some tips for creating a monthly budget:

1️⃣ Estimate all your Income. The first step in creating a monthly budget is to determine your total income. Consider all sources of income, including salary, additional earnings or passive income. An accurate overview of your income will help you understand how much money you can allocate to different expense categories.

2️⃣ Determine Your Fixed Expenses. Determine all mandatory monthly expenses such as rent, utility bills, loan payments, insurance and subscriptions, mobile phone and internet costs. These costs are unavoidable, so it's important to include them in your budget.

3️⃣ Plan Your Variable Expenses. Determine your variable expenses such as food, transportation, entertainment, clothing, and other personal expenses. Try to divide these expenses into different categories and set limits for each category. This will help you to control your spending and avoid unnecessary ones.

4️⃣ Set aside funds for Savings. Include the category "Savings" in your budget. Regularly saving even a small amount every month will help you to create a financial reserve for the future. Try to put approximately 10% of your income into savings.

5️⃣ Be flexible. Budgets can change over time, so be prepared to make adjustments.

The main secret of all successful and wealthy people: they continue to keep personal financial records despite the success they already achieved.

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FINATEKA app. Your personal finance. How it works.