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You cannot always decide how your money gets spent. What if the month just entered the second week and you are left with the bare minimum money to meet your needs and you face an emergency? If you face the same problems, you are in dire need of a financial budget planner to sort your finances out for you.

You can ask for the help of a professional or a knowledgeable close friend to prepare your budget so that your expenses for the month are sorted, and you do not end up being broke at the end of the month.

Tips on creating a financial budget planner for first timers
If you are preparing a financial budget planner for the first time, here are some pointers to help you around:

• First of all, make a list of all the money you earn or get through various sources.
• Now make a list of your monthly expenses.
• Start categorizing the money as per your needs.
• You can use the help of an excel sheet to sort out the categories for you.
• The chart should contain only 70% of your income.
• Keep the 10% aside for unexpected events like a friend’s marriage, a small weekend getaway or any other indulgence.
• Save at least 20% of your money every month, this can remain in the account, or you can make fixed deposits or make some kind of secure investments. This part of your money will help you around when you are in need of money and help you avoid debts.

Initially, it would be difficult for you to stick to the financial budget planner, but with time you will get used to it, and it will become a part of your life. You need to learn to assimilate a habit of saving money in your system so that you can manage your more significant expenses on your own and avoid taking debts from others. A financial budget planner will help you plan and chalk out every kind of expenditure and will allow you to inculcate good saving habits.