My Money Archives - Page 2 of 2 - Single on a Shoestring

My Money
July 27, 2020

Budgeting: Discretionary Spending

I used a relaxing picture with palm trees and lounge chairs to illustrate this post intentionally. ☺ In other posts, I discuss how our emotions can influence the way we spend money and relate to money. Calculating your discretionary spending could be another eye opening experience.

Budgeting: Variable Expenses

Now that you identified your fixed expenses, budgeting for variable expenses is the next step. In this case, "variable" refers to costs that change or differ from month to month. Likewise, these costs could also be quarterly, semiannual or annual expenses.

Budgeting: Fixed Expenses

However, you need to breakdown your spending in order to find areas where you can reduce your costs. Let's start by looking at fixed expenses.