The February Contest#2 by sduttaskitchen|My budget with$200

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Greetings everyone how are you all doing today I'm happy to participate in this contest so let's do some calculations today $200 month to month budget

Make a monthly budget with your country's currency,
dollar and steem price! Make sure you can't exit $200

Essential Expenses

Entertainment, unexpected expenses, etc.

Total Expenses
$200

Do you manage your home with a monthly budget? Share your view.

Budgeting holds great power according to my firm commitment. Establishing monthly budgeting for home management brought significant positive changes to my life. The budget system allows me to determine what costs deserve priority along with monitoring expenses and taking deliberate financial choices. My wise resource distribution enables me to save money and pay off debt and reach my future objectives.

My budget system teaches me to limit unpredictable buying choices and concentrates my spending on essential costs. My financial future feels secure because I set a roadmap that increased my control and brought about financial confidence. Successful financial management requires proper budgeting which provides both security and tranquility.

Do you believe we must save some money for emergency purposes? Share if you have such experiences when your hidden money assisted someone.

Yes to me I strongly believe that saving money for emergency purposes is important because honesty life is unpredictable and unexpected expenses can just arise at any moment and my experience violent storm inflicted damage to our roof last year so we required immediate home restoration and I had established an emergency fund before the disaster hit so it could absorb the needed expenses entirely. The situation would have become difficult without that reserve so I found peace through the safety net while I was able to assist my family during their emergency. Founded on personal experience I focus on emergency fund management and promote this habit to others. Always being prepared proves to be advantageous in every situation.

How costly is living life in your country? Share with us by mentioning some item prices with pictures.

To be honest living in Nigeria has become increasingly expensive and the recent hike in fuel prices to ₦925 per liter which is approximately 3.6 steem had a ripple effect, causing prices of everyday items to skyrocket. Here are some examples:

1 liter of fuel: ₦925

• 1 liter of cooking oil: ₦2,500 - ₦4,500

• 1 loaf of bread: ₦2000 - ₦3000
  
  
  
  

It's really becoming challenging for many to afford basic necessities because of the high cost of living is affecting everyone, especially low-income families.

Thanks for reading my post I'm inviting @ability20, @bela90 and @chant to participate.