Hello everyone, i am 28 years old i am a teacher and i’ve been at the same job for 8 years.. i get pay monthly 991 omani rials (2574.025 USD)
If you asked me what have i achieved financially in my life; i would say nothing! I am taking care of my family and i took a bank loan twice, once to help my sister who passed away(she had cancer) and secondly when we built our house, and all i want right now is to stay away from from bank loans.
I am planning to get married soon and i have no idea what to do in order to have a good budgeting plan for my salary which is my only income, i’ve been trying for along time to sit a saving plan and to stick with it but always end up failing, i am starting this month to follow the envelopes method to divide my income to 5 categories:
- expenses: 1831.192 USD
- emergencies: 129.871 USD
- daily spendings: 129.871 USD
- savings: 353.251 USD
- entertainment: 129.871 USD
Which is not different from what i use to do for the past year, the good news is that by the end of 2018 i will end up some of my monthly installments from the expenses (around 818.033 USD) and i want to spend my money wisely by increasing the amount of my saving for my wedding (it coasts a wealth in GCC countries!!) and a new car and i want to built a house O.O .. this is just too much and it makes me really stressed out.
I’d be grateful if you guys tell me what you think about my current plan and if you suggest any other plans, any saving money tip is welcome : )
Submitted August 23, 2018 at 09:49AM by thabit89 https://ift.tt/2wjvhUM
