Nowadays, insurance is a must whether health, life, or auto insurance. But, it should not hurt your budget. Take a look at your expenses. Can you cut back on some to give way for your insurance?
When budgeting, try to reduce it to the smallest amount. Do not just list down food or supermarket in your budget. Write down each type of food that you regularly purchase. Examine which items are needs and which are wants. Big expenses that can be cut down include electricity, clothes, beauty aids, and some items you believe to be needs but are actually wants. And there are some needs that can be downgraded.
Try to increase your income by doing extra work. Do this if you cannot cut down your expenses. If you are concerned about your lack of monthly income, you want to rethink about having more children. But always remember to pay yourself first. Income minus savings equal expenses, then work on your realistic budget after this formula.
