Friday, July 3, 2020

Budgeting made easy

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Title BUDGETING MADE EASY


Topic Budgeting


Specific purpose To inform my audience of the importance and ease of budgeting.


Thesis statement We must know how to budget our money so that we are not on the verge of financial crisis.


Custom writing service can write essays on budgeting made easy


Introduction


Attention material Eating crackers all week because you simply can't afford a decent meal. Borrowing your friend's underwear because you don't have laundry money. Skipping showers for a week. These are all a result of not being on a budget.


Credibility material I've done research and found that University students are vulnerable to financial crisis, especially if they are not on a budget.


Thesis statement We must know how to budget our money so that we are not on the verge of financial crisis.


Preview College students do need to be aware of how to follow a budget.


(Transition "Let's look at the first step in planning a budget.")


BODY


I. First you have to start by estimating your expenses.


A. Starting by making a list of all expenses.


1. You can use a worksheet to help you do this.


. Or simply make your own list.


. You should include everything from rent, gas, and other bills to food, entertainment, vacation, and savings.


4. According to the College Student Journal (001), good money management includes "regular generation of financial statements, budgeting, control of spending, and recording income and expenses."


B. This will help you see exactly what you can afford and where exactly your money goes.


1. By doing this you can see how much money you need for your most important expenses.


. You may also be surprised at where a lot of your money goes.


. According to the credittalk.com, you should "use extra caution spending only what you can afford, pay your bills on time, closely monitor your bank account, and charge only what you can repay."


C. As a college student, you will find you have a lot of different expenses that can add up quickly.


1. Some of these can include rent or housing costs, books, fees, food, clothes, utilities, entertainment, and those unnecessary credit card bills.


. In order to plan a budget you will have to look at all of these and take each of them into account.


. Just because you have expenses doesn't meant that you need a credit card.


4. According to the College Student Journal, "approximately 80% of full-time undergraduate students have credit cards with an average outstanding balance of $,6 and 10% of them have outstanding balances of more than $7,000."


5. So, starting a budget is the first step to your financial freedom.


(Transition we're gonna look at how to put a budget into effect.)


II. Next you will want to figure out your monthly income.


A. As a student, you may have several sources of income.


1. Some of these can include your parents, a job, financial aide, a loan, savings, etc.


. According to All Things Financial, "As time goes on, more of your income goes toward paying the accrued interest and less towards saving, buying goods and services, and keeping up with necessary living expenses."


B. Now that you know all of your monthly income, you want to add up your income from all of the sources.


1. Once you get a total monthly income, you will want to write this in the blank provided on the worksheet.


. Planning a budget will help you reach your financial goals.


. According to firsttennessee.com, "A financial plan is a method of taking control of your financial life by setting goals and reaching those goals. Its a plan that can help you protect, accumulate and conserve your assets."


(Transition "Once you have all of the figures worked out you can figure out the difference."


III. Finally we can use these numbers to figure out the difference.


A. All you have to do is subtract your monthly expenses from you monthly income.


B. The amount you get will be your NET, which can mean one of two things according to credittalk.com


1. "The amount of money you've got left over if you have more income than expenses."


. Or, "the amount of money you'll owe if you have more expenses than income."


. The definition of NET according to Webster's Compact Dictionary is "the remaining after deductions."


4. Getting a handle on the flow of your money is "the key to successful money management", according to firsttennessee.com.


C. If you have more expenses than income you have two options.


1. Your first choice is to increase you income by getting a second job or a better paying job.


. The second choice is to cut your expenses.


(Transition "In Conclusion")


CONCLUSION


Summary statement Take the simple steps of budgeting one at a time and step into financial freedom.


Concluding remarks I know that if I can put the simple steps into effect, so can you.


Please note that this sample paper on budgeting made easy is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on budgeting made easy, we are here to assist you. Your essay on budgeting made easy will be written from scratch, so you do not have to worry about its originality.


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