You wouldn't think I'd really need to know about budgeting, what with me being a fox and all, it should just be a quick trip down to the chicken coop if food is getting a bit thin on the ground. However, I don't get called the Money Fox for nothing so let me share my budgeting tips with you.
Right, first off, everyone needs to budget...and I mean everyone, no matter what their income! That is because everyone needs an emergency fund and part of your budget should always incorporate putting money aside for an emergency fund as you never know what is around the corner. It could be redundancy, illness, injury or even a new baby, all of which could see you or your partner out of work for a number of months.
I have to say I was glad I'd put a thing or two aside over the summer as that nasty..er...farmyard related injury I picked up (bloody farmers!) had me out of action for most of the autumn!
Anyway, you'll probably be wondering how exactly you go about budgeting, well the good news is that it's a pretty straightforward process. Just make a list of your total income, a list of your total outgoings and whatever you are left with, if anything, is your disposable income...which can either be put into savings or spent down the pub...though I'd strongly suggest the former!
And, that's it, in a nutshell, as my old squirrel mates always say...now those guys can teach you a thing or two about saving!
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