
Write about your approach to budgeting
My approach to budgeting is using the calculator. I take what I make in a month and subtract all my bills from what I make. For instance, if I make $5,000 a month. I subtract rent which is $1,500, electricity $90, gas $50, trash $20, water $30, internet $120, cell phone $70, sewer $40 .I add all my expenses, which is $1920. I subtract that amount from $5000 and that is what I have to play with for the month, which is $3080. I can spend $400 on my car and $120 for insurance, which is $2560.
Then the rest of the money can be used on food, gas, clothing, and entertainment. I use a mobile app from there to track my spending, so I don’t go over what I have in the bank.
This is just hypothetical, I don’t make $5000 a month I wish, but the process of using the calculator to subtract my bills from what I make is what I do every month, when I pay my bills. Thank you for reading.