Are you looking to try and put together a budget that works for your needs? How can you do that effectively and without taking out something like a reverse mortgage Norton Shores? First off, you will want to take a month where you keep track of all of the money that goes in and out of your account. No matter what you may be paying for, or what you may be getting money for, you want to be sure to keep track of it. Meticulously keeping track of your finances will help you get a baseline of what is going on. What is going on with the amount of money you make per month? By keeping track of it for a month, you can see that.
Then, you’ve got everything that you’re spending during the month. Yes, even the time that you went to the fast food restaurant and got an ice cream cone, you have to include that. You want to see every purchase and see how much you are using for different activities. Mark it all down, and then, at the end of a month’s time, you want to look and see what you’re spending your money on. That is going to be the baseline for your budget.
Obviously, there are some things in your budget that are fixed. Your rent or mortgage is always going to be the same, your internet bill is usually going to remain the same, and some other bills really don’t deviate. With bills that do (electric, etc), you want to look back at the past 3 months and figure out what your average is. Then, take all of those numbers, put together a budget, and try it for three months to see what is going on. If it still doesn’t work, adjust as you feel necessary.