Overhead is the amount of money it costs an individual to live monthly. This total is combined of every expense from hygienic items to major bills such as rent or mortgages. An easy way to figure out a monthly budgeting average is to take three months of bank statements and list out each expense. When this is accomplished, divide that total amount, per expense, by three months. This also helps plot out Budget Categories, where expenses are going.
There are four types of expenses; Visible, Invisible, Unforeseen, and a person’s Wants vs Needs. A Visible Expenses is set in stone. Rent is a prime example of a Visible Expense. Invisible Expenses are unset by necessary charges. Gas, which is generalized as an expense can vary from week to week. Unforeseen Expenses are emergencies, car breaks down, or maybe even a veterinarian visit for an animal. We all have Wants vs Needs Expenses. We want that new car, or new video game system.
Having an idea of a working budget, and maintaining that budget through spending under allotted Caps, helps take control back. Money controls people when it is out of their control. Such is Time Management. When an individual can control their Time and Money, they take control back into their lives. Break fears of waiting for money to come in with the control of time and money back in your hands. Money and Time have no value until a person gives it value. Be the value above the worry.
PS… Can you find the monkey?
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