All human beings grow up, learn through education to find a respectable job and then try and make a living. We earn so that we may spend it and live a comfortable life. But it is impossible to live alone in this world. Humans are social creatures and we all have social obligations. So each time we get a salary or we get some money we tend to budget it according to the things we must do, things we have to do, things we need to do and things we want to do.

The most important things are the ones we must do, have to do and need to do. Things we must do are like for an example saving for your kids college education or paying the electricity bill or water bill or buying food for the family etc. Things we have to do are things like keeping your family safe, providing for them, living a decent life etc. The things we need to do are things like saving some money for the future, making your home a pleasant place to live in, etc. These are the basic social commitments that we need to fulfill.

Things we want are the things that we can go without. Like say for example buying expensive clothes, having an expensive meal, buying expensive furniture etc. These are the commodities that we can afford to live without. Each and every one of us (unless you are filthy rich) has a budget. We cannot afford to do or buy every thing we want. So know where your budget ends and work accordingly.

Each month when you get your pay slips, there are some fixed expenditures you need to pay, like monthly bills, the fixed amount that goes into you kids trust fund, groceries etc. After spending on these fixed expenditures we all have the amount that is left which we need to put into good use.

Buy or spend it on the essentials you know that you need. If it is on some more groceries or a piece of furniture that you always wanted to buy or something you wanted to buy for a family member etc. Whatever you spend it on, make sure that you have enough to last until you get your next pay slip. Sometimes unexpected expenses like sicknesses or a family get together might come into play. Then you have to spend money on that as well. So always have enough so that you will not have to pull out money from you savings.

If at the end of the month you have some cash left then either save it or spend it on some thing you want. You will feel better knowing that you spent on everything you have to and then had enough to last the month and got what you wanted. Try to plan your month, spend wisely and you will be able to live a comfortable and risk free life.