We would like you to understand that when equipped with proper budgeting skills, there are more wins for us than losses.

One of the most important financial habits any individual or business can adopt as a part of everyday life is budgeting. However, most of us are either reluctant or fail when attempting to start the budgeting journey, especially at the beginning of the year. This is most definitely understandable. However, the goal is to have a budget that guides us through the days, weeks, months and finally the year.

We would like you to understand that when equipped with proper budgeting skills, there are more wins for us than losses.

Indulge in some points that will help us understand why budgeting is important to our business and personal lives:

● It helps to control spending.

● It helps track your financial goals.

● It helps us get financial satisfaction.

● It helps avoid or even get out of debt.

● It keeps us financially organized.

● It helps to prepare for emergencies

● It helps to save money.

With budgeting, even when times get hard, we are only bent but not broken because we have planned and prepared for the times.

So here is how we can create a good budget:


Your first order of business is finding out exactly how much you’re spending each month and itemizing what it is exactly we are spending on. Do this by consulting your bank statements, receipts and financial files.


Once you’ve figured out how much money you need to stay afloat each month, it’s time to determine your actual income. Besides your regular salary, get an accurate picture by adding any extra funds that come your way throughout the year, such as cash gifts, surpluses from business, or any wind fall.


To determine realistic savings and debt payoff goals, you must find out if you have a budget shortfall or overage.


The best way to stay on top of your budget is to record all of your expenses and income.

Having to input expenses will cause you to think twice before overspending, and it’s satisfying and motivating to record when you’ve met a savings goal.


Aim at sticking to your budget all of the time and you’re bound to reach your financial goals.

Would you like to have a deeper discussion or training on the Skills for Budgeting?

Please reach us on: WhatsApp – 0785-067193 Or call – 0705067193

You can also email us – info@skillingyoungadults.com

Written by the ROUTE Team