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What are the third step to set up your budget?
Determine Flexible Expense
What are the fourth step to set up your budget?
Determine Discretionary Expense
What are the last step to set up your budget?
Compare you income and expenses (budget!)
LONG LONG time ago, when there was no money, which system people use to exchange their goods?
Barter System
What budgeting system use mostly cash?
Envelope System
Andy went to coffee shop for his coffee in the morning
Want (Discretionary Expenses)
Andy went to Nofrills and purchased Milk, Egg, and Bread
Needs (Flexible)
Andy went to Eaton Centre to buy his clothes because his clothes are wear off
Needs (Flexible)
Andy paid his house rent, in the first day of month
Needs (Fixed)
Andy purchased new clothes, because he loved that design
Want (Discretionary)
Andy purchased notes and pen for his school.
Needs (Flexible)
