How to create a personal budget – to enable savings (VIDEO)

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Today's lesson focusses on how you can save money through budgeting. I have listed 5 steps to hep you get this done;

how you can save money through budgeting
  • Keep a track of all your expenses over a period
  • Compare your income versus your expenditure
  • Separate your expenditure into fixed and variable
  • Identify and cut-back on the variable expenditure
  • Assess your progress over a period of time

Please watch the video below for explanation of these points;

The idea of budgeting here is to enable you to save. If you can watch this video over and over again, before you know it, you have some money in your hand for future needs and projects.


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