ELT Times Search
  • 2012 Edublog award nominations November 25, 2012
    Here they are, then… the TEFL Times nominations for this year’s EduBlog Awards: Best individual blog: Box of Chocolates Best ed tech / resource sharing blog: Larry Ferlazzo’s Websites of the Day… Best teacher blog: Year in the life of an English teacher Most influential blog post: The White Elephant in the Room: Extensive […]
  • Why TEFL Accreditation is a Great Idea September 30, 2012
    TEFL accreditation can be a great idea for just about any language learning institution and any language teacher. Getting accreditation from or through TEFL or teaching English as a Foreign Language provides a certain amount of weight and authority to just about any resume. If you sit and mull it over, would you be more […]
  • How to Teach a Language Class with Movies September 30, 2012
    This video shows you how to teach a language class with movies quickly and easily while your language students have fun learn a new language. You will learn exactly how David A. Baily used these same steps to teach English. How To Teach A Language Class With Movies […]
  • Learning and Communicative Strategies August 23, 2012
    Communicative strategies are systematic techniques employed by a speaker to express his meaning when faced with some difficulty and the difficulty here refers to the speaker’s inadequate command of the language used in the interaction (Faerch & Kasper, 1983:16). On the other hand, the term learning strategies has been defined as “the higher-order skills […]
  • Review: Teaching Unplugged by Luke Meddings and Scott Thornbury August 13, 2012
    by Hall Houston About 8 years ago, I read an article titled “Teaching Unplugged” by Scott Thornbury in It’s for Teachers magazine. The article described a new approach to teaching languages that de-emphasized coursebooks and other teaching materials, and stressed real communication between students. This approach was loosely based on a Danish film movement [ […]
  • Living and Working in Japan: A guide for US Citizens May 23, 2012
    Japan is a stable, highly developed parliamentary democracy with a modern economy. Tourist facilities are widely available, except in coastal areas of Northeast Japan still recovering from the aftermath of the March 11, 2011, earthquake and tsunami. Below is a comprehensive list of all the information you should read before visiting or relocating to the [... […]
  • Experience a New Culture When you Teach English in China May 21, 2012
    The human desire to help others is an innate one. This is why, despite the negative aspects, people are still very attracted to the profession of teaching, notes Thomas Galvin. It has been regarded for centuries as a very noble job, and no doubt this will continue for centuries to come. Many teachers these days […]
  • The Importance of Vocabulary Roots in AP English April 16, 2012
    The Advanced placement exams are very important for students, suggests Joseph Paul, as they look very good on the students’ report cards and also help them to get credit in certain universities which helps them to save a major portion of the tuition money demanded from students who have not cleared the exam. The advanced […]
  • Business Translation: A Useful TEFL Sideline? April 8, 2012
    The use of translation in business is heavily underestimated and misunderstood. However translation has a big part to play in business and is rapidly becoming one of the most useful things an organisation can use to get ahead in the business world. Whether it be using in-house translators to transcribe documents, official papers and […]
  • How to Judge the Quality of Language Learning Software March 21, 2012
    We all know that learning a language is a great way to enhance the look of your resume! Fortunately, there are lots of different options available to you to help you make that a reality. Out of the vast number of options available to you, the option that provides you with the most flexibility […]

Creating a Budget

In this article Sharon K Couzens de Hinojosa, the creator and writer for TEFL Tips discusses creating a budget.

If you’re like most people, thinking about money gives you a headache. However, if you make a budget and stick to do, you’ll have less to worry about. Before you start to figure out how much you need for everything, you’ll have to think of your expenses. What do you spend money on? Everyone has rent and food, but think about everything else, even the little things like medicines or cell phone bills.

Once you have your list of what you spend money on, start allocating how much money you need for each item. You should also have a savings section on your budget. Cut down on those unnecessary items, such as coffee at the coffee shop or clothes. I suggest creating an “extra” item on your budget. All the extra things, like shopping or nights out on the town fall into this section. Don’t allocate a lot of money to this section, put in what you need for the month, but don’t over do it, remember, these things are extras.

Subscribe to The ELT Times by Email

Look over your budget and see where you can cut back. Rather than buying lunch every day, why not try to bring your lunch three times a week? You can save this month in your savings account, or put it towards paying off your credit cards, or paying for a large purchase, like a car. Every little bit helps. If you can save 15 dollars a week, that’s 780 a year.

Creating a budget is the easy part, but actually sticking to it is the hard part. When you go out, whether it’s to work or out shopping, only take the money that you need. If you’re just going to work, you probably don’t need money, unless you take public transport or are buying your lunch. Just bring exactly how much you need. And leave your credit cards and check book at home. If you don’t have any extra money with you, then you can’t spend it.

One thing that’s helpful is separating your money once you get paid. WE use envelopes, one for rent, another for bills, such as water, phone, etc. Paying with cash is probably the best thing to do, that why you see your hard earned money going to someone else. However, if you can’t pay everything with cash, pay as much as you can with cash. Create an envelope for groceries, lunch, extra, etc. When you see how much you have to spend for the month, you’ll be more careful with your money.

Although it’s hard at first, it eventually gets easier and you’ll find you have money left over at the end of the money. You can save it for a rainy day or treat yourself to something nice, after all you deserve it.

About the author

Sharon K Couzens de Hinojosa is the creator and writer for TEFL Tips, The LA Job List, and The Ultimate Peru List. She enjoys answering people’s questions about TEFLing and Peru.

2 comments to Creating a Budget

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>