FINANCIAL

MANAGEMENT
A Guide to Smart Budgeting
The Need of Financial Management
• Importance of tracking daily expenses
• Achieving financial goals
• Reducing financial stress
Common Daily Expense Categories
• Food and groceries
• Transportation
• Utilities
• Entertainment
• Miscellaneous
Tracking Expenses
• Keep receipts
• Use expense tracking apps
• Create a daily log
Creating a Budget
• Calculate monthly income
• Allocate funds to expense categories
• Set savings goals
BUDGET ALLOCATION
Tips for Saving Money
• Cook at home
• Use public transportation
• Reduce utility consumption
• Cut unnecessary expenses
Monitoring Your Budget
• Regularly review expenses
• Adjust budget as needed
• Celebrate financial milestones
Financial Well-being