Submitted by = Syed Agha Jan

Syed Gran Agha

Submitted to = Ma’am Mehak
Class = Msc 1st
Subject = English Proficiency

HOW TO BUDGET
MONTHLY EXPENSES

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 Content
 What is expense
 What is budget
 Why to prepare a budget
 Fixed expenses of individual
 Variable expenses of individual
 Steps to calculate expenses
 How to reduce monthly expenses
 Conclusion

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 What is Expense
 Cost incurred in acquiring something, expense
is required for something which is needed.
 Mortgage (operating expenses)
 Student Tuition fee expenses
 Grocery expenses
 Daily live expenses
 Fixed vs fluctuating expense

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 What is budget

 A budget is financial plan often directed for a

period of time. Budget has got many types
mainly .
 Collective level ( country )
 Societal level
 Individual level

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 Why to prepare a budget
WHY IS BUDGETING
IMPORTANT
 Help you identifying in
achieving financial
goals
 Helps you manage your
money
 Increases your saving
 Provides sense of
financial security
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WHAT HAPPENS WHEN NO
BUDGET
 Without a budget you are
unaware of financial
situation.
 Surviving month to
month you are not
prepared for any
emergency
 No budget no saving
 Absence of budget keeps
you in debts.
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 Fixed Expenses of individual
 Housing (accomodation)
 Books (specific course required per
year/semester)
 Utilities (Water, Gas, Electricity, internet bills)

 Transportation ( fixed fair for roaming)

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 Variable Expenses of Individual
 Groceries(cooking , snacks )
 Dinning Out (outings to restaurants)
 Childcare(students children cared)
 Entertainment(concerts, subscriptions charges,
movies)
 Medical/Health(membership of gymclubs,
Insurance premiums)
 Clothing( it changes with change in weather)
 Laundry(washer/dryer).

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 Steps to calculate Expenses
 First step to calculate your monthly
income(listing sources of incomes)
 Second step is to list monthly expenses (list of
all expected expenses on occuring over month)
 Subtracting expenses from budget/income.
 Finally to review results , set goals.

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 How to reduce monthly expenses
 Using of public transportation (instead of uber,
careem local transport to be used)\
 Extravagancy (having control on desires,
demands)
 Reduce utilities so that bill could be less to pay.
 Consider cheaper housing, cheaper things.
Avoid fancy and expensive materials.

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 Conclusion

 As afore mentioned once individual gets

information regarding his spending than he
can adjust himself.
 If one cannot frame his expenses he can consult
any expert in jolting it down.
 Once you know how to budget monthly
expense, individual can have prosperous life.

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