{"id":880,"date":"2024-03-25T02:05:37","date_gmt":"2024-03-25T02:05:37","guid":{"rendered":"https:\/\/whairawa.com\/wahine\/?p=880"},"modified":"2024-03-25T02:05:37","modified_gmt":"2024-03-25T02:05:37","slug":"starting-a-mahere-putea-budget","status":"publish","type":"post","link":"https:\/\/whairawa.com\/wahine\/articles\/starting-a-mahere-putea-budget\/","title":{"rendered":"STARTING A MAHERE P\u016aTEA (BUDGET)"},"content":{"rendered":"

Starting a mahere p<\/strong>\u016b<\/strong>tea (budget)<\/strong><\/h4>\n

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You can start a new mahere p\u016btea anytime, however the most obvious times to do this are when you are experiencing an increase or decrease in your income, or when additional expenses pop up in your life (e.g., new p\u0113pi or buying a whare – congratulations!).<\/p>\n

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Why should I budget?<\/strong><\/p>\n

Failing to plan, is planning to fail! Without preparing a budget it\u2019s hard to see where your moni is being spent and what you could cut back on. When you know where your moni is being spent, you can then evaluate and prioritise what you do with it. It can mean the difference between being able to have a few dollars left over versus having to go into overdraft between paydays.<\/p>\n

Not enough moni to cover your spending is called a deficit \u2013 you can use a budget to see where your moni is going and see if there are things you can cut down on or cut out.<\/p>\n

The moni left over once your bills have been paid is called a surplus, you can use your surplus to then save for your goals, invest or pay off debt.<\/p>\n

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How to create a budget<\/strong><\/p>\n