Holidays, restaurant visits, real estate installments: there are a few expenses every month. Are they related to income? You should find out if you don’t want to slide into the minus.
The world is alluring: colorful advertisements on television and on the Internet, advertising brochures with great offers, shop windows with attractive products. You could buy so much. Of course, you can make a big wish with the Sparkling by taking out a loan. But even with a loan, the question is always the focus: what amount can I pay off each month? And what does that mean for the total amount of the loan?
Create a budget
The question of what you can actually afford is central: Because whoever spends more than he takes in, runs the risk of getting caught in the debt spiral. In the end, personal bankruptcy threatens. So that it doesn’t get that far, budget planning is helpful. You compare your income, for example, wages, maintenance payments or your pension with expenditure.
Expenses are all the costs that accumulate over the course of a month: costs for living, for food, for installments, for the children and so on. If you deduct expenses from earnings, you know how much money is left at the end of the month. You can use this amount to pay off a loan or set it aside to keep something for bad times or a long-cherished wish. This is called creating a household budget.
The Sparklend helps
In the past, this was traditionally written in a paper book in one column the income, in another the expenditure. In fact, such planning aid is still available – from your savings bank. You can order this household visit free of charge via the Internet.
There you will also find a modern variant of the household book, the web planner for the household budget. There you can assign your expenses to categories and find out relatively quickly what you are spending a lot of money on.
You can register for the web planner free of charge and anonymously. And if you are not sure whether you are doing well or badly, you can also look at reference budgets for comparison.