Wonga Budget Calculator
Breaking and creating habits is not an easy task. Of course we all know this because we’ve entered many a New Year with high hopes of starting a fitness routine, quitting smoking, not drinking, etc only to succumb to our old ways within a few weeks. When it comes to financial health and well-being, I strongly encourage taking the time to properly implement healthy habits. Whether it’s sitting down once a month to reconcile your current account, planning for retirement or saving up for a deposit on a flat or to buy your first car, you should set a goal beforehand so you can appreciate your efforts and success when you cross the finish line. To create a new habit, it’s best to pick one thing to focus on instead of trying to create a whole new you in a brief window of time. Think of how long it took to create your current habits, years, right?! So let’s just take a baby step with one new habit for now. If you’re a newbie to the world of personal finance, welcome. Taking control of your own financial health and well-being is very empowering and it’s a good habit that will serve you for years to come. With the novices in mind, let’s start with a good basic habit of creating a budget. Since creating a budget is only a one-off event, it doesn’t have to become habit forming, however maintaining and updating your budget is another story. I’ve created a number of budgets in my limited years as a financially independent adult. On numerous occasions I’ve torn a page from a pad of paper and sat down on the spot and made two columns with my income and expenses. I’ve also searched online for a free budgeting spreadsheet and saved it to my computer, and most recently I’ve begun using Wonga’s free budget calculator on their website. However you decide to make your budget, sit down within the next seven days and create your budget. Action it: Create a budget within the next seven days!What I like about the Wonga budget calculator is that it saves my data for future use; it breaks down expenses into different segments; and its user-friendly interface makes a sometimes unpleasant task more cheerful. I also really like the advice section at the end because it’s like my own personal cheerleader:“Congratulations: your income is more than your regular outgoings, meaning you potentially have surplus cash which can be saved, invested, used to repay any existing credit or just enjoyed! Well done for managing to live within your means. ”Doesn’t that make you feel good? It works for me!You can also clear all entries and start again, save it and/or print off a copy of your budget. If you think you’ve missed an expense or you just want to go back and double-check your work, you can simply click on the “step 1. . . 2. . . 3” circles at the top to go back to the correct page and make changes. Become a registered user of the Wonga budget calculator today and create a good financial habit.
