Yusra3
VIP Contributor
Budgeting is a lot of work, especially when you're trying to manage your finances. And it can be hard to keep track of what you spend on what, especially if there's a lot of stuff going on in your life.
So here are 7 life situations that are perfect for setting up a budget review:
1. When you're starting out in business and want to get your finances in order before you invest in anything.
2. When there's a sudden change in income or expenses.
3. When you're going through a divorce and need to reorganize your finances without making any major changes, so you can keep a steady income stream coming in while the dust settles after the separation is finalized.
4. When your family is still dependent on you financially, but they're getting older and health issues start popping up, necessitating more frequent doctor visits and maybe some medication too.
5. After taking a long vacation with friends or family or even just a weekend trip and coming back from it with extra cash on hand (which is usually spent quickly).
6. When your parents are getting older and starting to need more assistance from you (or vice versa)
7. When Your parents have started doing some things for themselves that used to be taken care of by someone else like buying groceries or taking care of their own car maintenance. so now they need help with those things too.
So here are 7 life situations that are perfect for setting up a budget review:
1. When you're starting out in business and want to get your finances in order before you invest in anything.
2. When there's a sudden change in income or expenses.
3. When you're going through a divorce and need to reorganize your finances without making any major changes, so you can keep a steady income stream coming in while the dust settles after the separation is finalized.
4. When your family is still dependent on you financially, but they're getting older and health issues start popping up, necessitating more frequent doctor visits and maybe some medication too.
5. After taking a long vacation with friends or family or even just a weekend trip and coming back from it with extra cash on hand (which is usually spent quickly).
6. When your parents are getting older and starting to need more assistance from you (or vice versa)
7. When Your parents have started doing some things for themselves that used to be taken care of by someone else like buying groceries or taking care of their own car maintenance. so now they need help with those things too.
