How to build a budget

The Saving Canvas Illustrated

How to build a budget made simple with The saving canvas illustrated. Below, you will find an illustrative example. Indeed, it is a series of video that will improve the tool understanding.

Takeaways: How to build a budget

It is important to stress that the tool main goal is to look at your spending holistically not just from a monetary standpoint. Actually, most budgeting tools will exclusively focus on the monetary aspect of your spend. Thus, underestimating the impact of non-monetary value in your budgeting.

Time, for example, is a critical element that affects your budget. The total cost of making your own food is the sum total of the money you spend on buying and paying for the resources and your availability. Generally called opportunity cost.

Published by

elvisteg

Tech,music lover and community freak. I constantly reinvent myself by embracing new challenges every day and everywhere. I founded edulers because it takes a village to build an entire community of learners. By sharing your story, you can help others avoid the same mistakes and do better. #The learning Journey of thousands

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.