As an expat or digital nomad, managing your finances is crucial to ensure a comfortable and sustainable lifestyle in Bali. A budget helps you track your expenses, make informed decisions about your money, and achieve your financial goals.
However, creating a budget can be overwhelming, especially when you're new to the island. That's why we've put together this guide to help you get started with budgeting in Bali.
The first step is to track your expenses. Write down every single transaction, no matter how small it may seem. This will help you identify areas where you can cut back and make adjustments.
Next, set financial goals for yourself. Are you trying to save up for a specific expense or pay off debt? Having clear objectives will help you stay focused and motivated.
It's easy to get off track when you're not used to budgeting. But don't worry, we've got some tips to help you stay on course.
Firstly, make sure to regularly review and adjust your budget. Life is unpredictable, and your financial situation may change unexpectedly.