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Home Management: Basic Techniques For Working Women

By Mamoona Usman
Have you ever felt like you are being pulled in so many different directions that you don't know what to do first? This post will show you how the power of home management can help you get your house back in order. What is Home Management? Home management can feel like a daunting task, especially for working women who already have a lot on their plate. However, there are some simple steps you can take to make your home life more organized and efficient.  Here are some tips for better home management:   1. Set a schedule Create a daily or weekly routine. Having a set schedule for chores and errands can help you stay on track and prevent things from falling through the cracks. You can even involve your family members in this process to make it easier for everyone. 2. Clutter-free environment Keep your space clean and clutter-free. A cluttered environment can be chaotic and stressful. Taking the time to tidy up regularly can make a big difference in your overall mood and sense of...
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Budgeting- monthly budget planning- 5 Functional Steps

By Mamoona Usman

Budgeting itself a vast topic to discuss. Here we discuss Monthly Budget planning or Household budgeting with 5 Functional Steps.


Monthly Budget planning

What is Budgeting?

Budgeting is the art of savings and smart spending. Track your money and spend smartly.
Nowadays there are different app and software used for budgeting but I am still now with the old school of thoughts and really prefers a pen and a notebook.

5 Functional Steps And Tricks Of Budgeting

Step#1: Calculation

        Calculate and sum up your all source of income. like property rents, Fixed Deposits, Dividends, Salary or any type of business income, etc. This product will be your total net income.

Step#2: Savings

Net income -Savings%=Gross Income 

Savings

 

 For savings firstly set your goals. Without any planned goal it will be blank and seems useless. we will not work actively without any pre planning so set a goal will help in more functional savings.

  • Wants to buy your own apartment or house.
  • Wants to buy a car.
  • Wants to go on a trip.
  • Savings for investment purposes.
  • Savings for health emergencies.
  • for kids' future etc.

In short, ascertain a random fixed % of your net income for savings purpose and forget it for a long period of time will help you in your rainy days and helps to feel debt-free.

Step#3: Fixed and Variables
Write down your fixed and variables expenses according to your lifestyle and priorities.
    Fixed expenses
  • Groceries 
  • Utility bills
  • Rent
  • Education fee
  • Transport (petrol, gas, etc)
  • Dairy products or Milk
  • kids expenses (diapers, accessories, etc)
  • Insurance policies.
  • vegies and fruits

  Variable Expenses

These can be prioritized according to your needs and income. followings are some head of accounts of variable expenses.

Learning skills:  

  • kids activities
  • online courses
  • driving course  
  • short courses
  • new books

Entertainment: 

  • outing 
  • dine out 
  • other games activities etc

Shopping:

  • Seasonal shopping
  • Toys
  • Misc. accessories

Gifts:                                   

  • birthdays parties
  • occasions

Maintenance & Decor:

  • maintenance of a car or any vehicle
  • decor items
  • home appliances and gadgets etc
Step#4: Distribute a fixed % of your income to all categories of both fixed and variable expenses. This step shows our limits to spends and helps us control and avoid our spending on useless things.

Step#5: Give a home to all your distributed income to the categorized head of accounts.
 I am personally comfortable with the envelope system.
 Spend smartly debt-free for whole the month.

envelope system.



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