Well, i guess the best way to come up with a working plan based on your budget to save money is to be honest about the areas where you're spending too much.
Sometimes, we don't realize that we're spending more than we should because we're not keeping track of our spending, or we have a lot of different expenses going on at once. If you're not sure where you're wasting money, try looking at your bank statements for a month or two and seeing how much money is going out each week. Then, take a look at your bills and see if there are any that could be reduced or eliminated altogether.
Next, figure out what expenses you can cut back on so that they don't take up so much of your income. For example, if all of the money that goes into your savings account each month comes from one source (a job), then it might make sense to reduce how much you spend on food during the week instead of cutting out entertainment altogether. The last step is figuring out how much extra money each month (or week) will go toward saving for future expenses like car repairs or vacations.
Sometimes, we don't realize that we're spending more than we should because we're not keeping track of our spending, or we have a lot of different expenses going on at once. If you're not sure where you're wasting money, try looking at your bank statements for a month or two and seeing how much money is going out each week. Then, take a look at your bills and see if there are any that could be reduced or eliminated altogether.
Next, figure out what expenses you can cut back on so that they don't take up so much of your income. For example, if all of the money that goes into your savings account each month comes from one source (a job), then it might make sense to reduce how much you spend on food during the week instead of cutting out entertainment altogether. The last step is figuring out how much extra money each month (or week) will go toward saving for future expenses like car repairs or vacations.