If you don't want to deal with computer software, you can also make a simple spreadsheet budget with pen and paper. ![]() Reconciling the two at the end of the month helps you find your problem areas, while estimating your expenses helps you "get real" with where your money is actually going. These budgets require a spreadsheet with two columns you must fill in each month - a column for expected expenses and another for your actual expenses. By allocating every dollar you earn on paper - whether for bills, groceries, savings, or investments - zero-sum budgeting forces you to optimize your spending and "pay yourself first." The Spreadsheet Budget This type of budgeting involves using last month's income to fund this month's needs. There are several types of budgets you can work with. In order to use a credit card as part of your budgeting strategy, you need to have a workable budget in hand. If you don't like carrying a lot of cash around or prefer the simplicity of carrying one card for all of your expenses, a credit card is a convenient option. However, should the balance on your account still be insufficient after this period to repay the legally required minimum amount owed for that month, we will repeat this procedure until the last banking day of the month.Another reason to use credit cards: simplicity and safety. This is because the amounts available on your account will be debited automatically during the first five calendar days of the month until the amount owed for the month concerned has been collected in full. If the balance available on your account is insufficient, you still have a few more days to credit your account. Make sure there is enough money on your account when the time comes, because the amount to be paid back is also debited automatically from your account on the 1st of the month. Details of cash withdrawals or amounts repaid early are also included on it. It contains the total amount and – if you have opted to spread your repayments – the amount to be repaid every month. The total amount is given in your monthly billing statement, which you receive on the 1st of the month. It contains an overview of all the spending you've carried out on your card during the preceding period. You receive your billing statement around the 20th of the month. The time you want to take to repay the amount in question can also be set separately for this type of transfer 4. You pay interest from the moment that you make the transfer. ![]() Transfer to your current account: you can also transfer the reserve on your KBC Brussels Flex Budget facility to your current account and use it to pay bills or make payment with your KBC Brussels Debit Card. ![]()
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