Follow the link in order to access Temida budget
Read the instructions how to download Temida budget on your smartphone desktop.
We have prepared for you some basic principles of personal budgeting:
- Estimate all the revenue and expenditure you expect for the month (and if you have a perfectly accurate idea, you’re good for advanced level!) Enter the total amounts of expected revenue and expenses in the fields provided on the expected budget page.
This will help you achieve the level of actual revenue and expenses planned for the months. The associated chart will show the difference between the planned and the actual amount on monthly basis.
- Start entering all the expenses for the month on a regular basis, dividing them into fixed and daily expenses.To make this division easier, you can read here after explanations with examples.
Monthly expenses : expenses for household bills and all other expenses occurring on regular basis, which makes them constant and predictable over time. Such costs are, for example, but not limited to:
- electricity, gas or water bills
- rental of housing
- installments on loans, insurance costs
Daily expenses : Expenses arising from the current needs of each household. They depend not only on the needs but also on the financial capabilities of the household, and can vary each month, depending on the state of the budget. That’s why we call them variables. Such costs are, for example (but not limited to):
- food bills
- fuel or transport bills
- leisure or entertainment expenses
- expenses for cigarettes, alcohol, entertainment
Monthly income
Enter your income by dividing it into the following categories: net salary, pension, investment income (or rent), social benefits, etc. Register all the amounts you receive during the month, even one-time income, as bonuses etc.
Do not switch devices when using the app, thus you will always access all your data.
Monthly rest for living (MRL)
The difference between the income received and the expenses incurred for a given period. This is the fastest indicator, and your financial barometer that shows the financial well-being of the household and its ability to absorb additional debt.
If the MRL is negative or constantly decreasing over time, this may be an indication of a state of over-indebtedness !!!
The best way is to take 5 minutes each day in the morning or evening to input your data for the day.
This requires strong self discipline and motivation but best is to do it with FUN. Try it for one month…we are pretty sure your wallet will thank you!
We can help you to take your first steps. If you want to learn how to increase your IGO, visit the sections 20 ways to save money and How to spend less on energy?