Miami, FL (PRWEB) April 11, 2015
National Debt Relief recently shared in an article published April 2, 2015 how consumers who hate budgeting can deal with it in the simplest way possible. The article titled “Budgeting For People Who Hate Budgeting” aims to share a budgeting technique so simple that people who hate it and even those that are doing it for the first time can easily budget their finances.
The article starts off by explaining that there are people who do not think about their household budget. They oftentimes put it off the last minute because they despise dealing with the numbers. These are usually those that try to list down all the single expense items they have made in the last month down to that gum they bought in a convenience store.
They also try to allocate funds from their pay to cover all their expenses and are struggling with the fact that they can not seem to make ends meet. They either are left with so little at the end of payments or sometimes, none at all. This is why they do not like to budget and would rather wing it when it comes to their finances.
The article shares a relatively easy budgeting technique specifically for people who hate to budget. It can also be used by those that are trying to put together their budgets for the first time who are usually those fresh graduates and might already be overwhelmed with their income and expenses. This budgeting program is called the”60% solution.”
From the actual name of the technique, it simple means fitting all the normal monthly expenses into 60% of the net income every month. These would usually cover a consumer’s housing expenses which could be mortgage or rent, insurance, food expense for the entire family, internet or cable tv, and transportation or car loan payment.
The article explains that it is a lot easier to work with a percentage rather than nitpicking every movement with their money. The remaining 40% needs to be used to strengthen the financial standing of the consumer. They are to be equally divided into four financial needs. The first one would be putting money into the retirement fund. The rest are to be placed in long long-term savings, emergency fund and even fun money.
To read the full article, click this link: [http://www.nationaldebtrelief.com/budgeting-for-people-who-hate-budgeting/