When it comes to budgets, many people are familiar with the acronym “PURSE BINGO.” PURSE BINGO is a simple budgeting method that helps people track their spending and see where they can make adjustments.
The basic idea of PURSE BINGO is to list all of your monthly expenses and then put a check mark next to each expense that you have already paid for that month. Then, for each remaining expense, you need to find the amount that you have left in your budgeted amount for that month and put a check mark next to that amount.
This method can be helpful in two ways. First, it can help you identify where you might be able to make adjustments to your budget so that you are spending less money than you were before.
Second, it can help you see where your money is going and what sort of expenses are being paid for with it.
If you are new to budgeting or want to improve your overall financial management skills, then PURSE BINGO may be a good way to start. It is simple and easy to use, and can help you track your spending so that you can make better decisions about where to spend your money.
