How to Live on a Budget

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They don't call it minimum wage for nothing ...

How's a guy supposed to get ahead, breaking his back 24-7, when all it gets you is chicken scratch?

My friend, you need a budget.

To complete this How-To you will need:

Discipline
Ability to add, subtract, multiply, and divide
Bank or credit union

Step 1: Add up income

Add up all your income.

Step 2: Divide by months it took to earn

Divide the total by the number of months it took you to earn it. The result is your monthly income.

Step 3: Add up monthly expenses

Add up your essential monthly expenses, like food, rent, transportation, and personal necessities.

Step 4: Add up nonessential spending

Next add up your nonessential monthly spending.

Step 5: Add up expenses

Now add up your expenses, and pray the total is lower than your monthly income. If your expenses exceed your income, you'll need to cut back on nonessential items.

Step 6: Stick to numbers

Once your numbers are set, stick to them! Discipline is the key to living on a budget.

Tip: Try to set aside a small portion of your income on a regular basis—make sure to deposit it in a secure savings institution.

Step 7: Take public transportation or carpool

Take public transportation, or carpool with friends to save on gas. Walking is free, and it's great exercise!

Step 8: Be frugal

Be frugal. Stop buying brand name clothes and fancy foods. Stop drinking lattes. Don't order takeout.

Tip: Instead of buying napkins, wipe your mouth on your sleeve.

Step 9: Buy secondhand

Buy anything you can secondhand. Thrift stores often sell household goods and perfectly good used clothing.

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Category:

Howto & Style

Tags:

• cheap
• poor
• howto
• howcast
• budget
• broke

[SRRStudios]

1:12

Well it seems as though this guy hasn't gotten any math lessons since the "How To Wake Up Early" video.

Probably why he lost the job :S

[Ginganinja9988]

 95 +31 WTF!!!!

$216

[ibeciara123XD]

He spelled bottles wrong (:

[ckaatt]

Instead of buying napkins, buy small towels. You'll have to wash them of course, but it saves money on paper towel and eliminates paper waste.

[ckaatt]

Ew...not using soap? And this is why college dorms are nasty

[stasiaerickson]

@999videogamefreak Hahaha! That's what I was thinking.

[MissLysreign]

Soap as a non essential.... well... that's new..

[Froggybeast69]

did anyone else notice his pay stub? 117 hours and only $83. thats 70 cents an hour. wtf!

[sprinkledTwinkie]

hundred bucks a month?!?!? 750-1k would be reasonable

[player5226]

THIS IS MEEEEEEEEEEEEEEEEEEEEEEEEEEEEe­!!!

[syrcke]

Soap is a non essential item? Wipe your mouth with your sleeves instead of napkins? Are you sure?

[ilovemiddleschoolyah]

WHY would he not use soap he must stank