My 2021 Budget - in Steem, USD and local currency|| @benton3 set at 100% power up

Hello wonderful and fellow steemians, I am delighted to participate in this amazing contest by @steemalive. .This particular contest reminds me of a particular topic in my financial accounting class, financial budgeting. Budgeting is a must do, whether in our personal lives or in our various businesses. This is also applicable in the family. Each family needs to identify their expenditure pattern over a period of time , and then use that to prepare their daily, weekly, monthly and yearly budget. For the purpose of this writeup, i am going to concentrate on my budget for 2021.

As a family head, I have various responsibilities ranging from providing for my immediate family to my immediate parents. Assisting my younger ones too, to become established and be able to take care of themselves, not to be forgotten too are my inlaws. In African, and Nigeria in particular, inlaws are part of your extended family, thus you include them in whatever budget you are making and assist to the best of your ability. I also remember that I have aged parents, that needs medical care and attention apart from the provision of their daily needs. However in all these responsibilities which i have mentioned, my immediate family needs is paramount and most important.

Regarding the topic i am writing on, i would like to say, that any budget we make in my family can be adjusted higher or lower as circumstance demands.
But at this point my budget for the year is--

3500000NGN ( Three million, five hundred thousand naira only)
$7777,78( Seven thousand, seven hundred and seventy seven dollars, seventy eight cents only)
41176 steem ( Forty one thousand, one hundred and seventy six steem only)

The budget above is such that if something bigger comes my way, i can invest the excess in something else, and be content with the above. The budget can still be broken down further to its monthly values. That will be NGN291,666.67/month (two hundred and ninety one thousand, six hundred and sixty six naira, sixty seven kobo only). In dollars it will be $648.15 and 3431.37 steem. When it comes to family expenditures you never rule out miscelleanous expenditures and exigencies requiring immediate attention. All these were captured in the budget above. However, time will fail me to breakdown the budget into expenditure heads.

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THE FIRST 3 THINGS I WILL DO WITH THE MONEY.

1. To provide for the family

Apart from spiritually providing for my family, next comes the physical provisions; food clothing and shelter. Once as a father and husband, I comfortably provide these for my household, I have been relieved of major pressures and anxiety. Nothing can be depressing as bingo unable to provide daily bread for them, and just watching the children losing weight and getting sick every now and then because of malnutrition. So I will make provision for these basic needs, at least one that can last the family for the next six months.

2. Providing for my aged parents and other extended family members.

I will make sure that I provide for my aged parent. They lack physical strength and thus depends on their children for livelihood. Additionally, due to old age they have health crisis from time to time, which needs to be managed immediately to avoid further complications. Thus I will make provision for them, for you never know when those situations can occur.

3. Investment

As an individual, I believe so much in investment, and diversified investment for that matter. What investors call investment portfolio. When I was very young, I made friends with elderly people, those who were very older than me, thus learning so much from them; both their good sides and from the mistakes they did when they young. I also spent much time with my grandfather when he was alive, and he taught me so much on the principles of investment. My choice of investment are basically those ones that cannot be seen by people like investing in coins like steem, tron , share or stocks of major companies and other ones that does not require physical location or identification, since this brings about unnecessary attention from outsiders. I am so happy that a platform like steemit is availble for investors like us, and eben earn more while being active. I can get a landed property but just for my own use, anytime I would want to build my own house and stop paying rent. I would also invest money in forex trading, it is a platform that does not require interaction with others to earn. Once you know your onions, your daily bread is guaranteed. There are so many ecommerce platforms toothat you can earn passive incomes from. So these are the things i can invest in.

The information above are basic things to be done before giving attention to other less pressing ones.

Thank you all for reading through my contest entry. Will appreciate you generous support in achieving my desired budget for the year 2021.

Thanks all for going through it.

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