Budgeting Articles

The benefits of making and sticking to a budget are obvious. Most of us realize that by sticking to a well created budget, we can live within our means and save money to cover emergencies. Budgeting is especially important if income is limited or if you are experiencing a period of financial hardship. So why is it that not everyone uses a budget? You can probably think of a few reasons why you are not sticking to a budget. Hopefully the thing holding you back is that you have not yet found a budgeting strategy that works for you. Here are a few examples of budgeting strategies that you may want to consider trying.

"Successful budgeting strategies" »

Posted by K at 06:00 AM | Permalink | Comments (0) | TrackBacks (0)

Providing for a family is getting more and more difficult, especially when so many people's jobs are in jeopardy. We are all looking for ways to save more and spend less. But with so many expenses related to raising a family, it can be challenging to find a way to provide your family with all the things that they need. The following suggestions can hopefully provide you with some ideas you can implement to more easily raise your family on a budget.

"Raising a Family on a Budget" »

Posted by K at 06:00 AM | Permalink | Comments (0) | TrackBacks (0)

The time has come for you cut back on spending so you can afford to live again. Almost everyone has debt and without taking proper care of it, it will continue to grow until you are so far upside down in debt that you don't know what to do. If you are ready to get serious about cutting back on your spending habits, it's time to follow these simple tips:

"Cutting back on spending" »

Posted by K at 06:00 AM | Permalink | Comments (0) | TrackBacks (0)

In troubled economic times it is very important to keep close track of your money. We never know what the economy will be doing tomorrow. People loose large amounts of money almost overnight. While it is important to not panic, it is certainly important to keep close track of your money and to be prudent with it. A good budget spreadsheet can help you to do this. However, even when times are less challenging from the perspective of global finance, every family or individual can suffer from economic distress. It is very important to thus keep close track of your money at all times. But how can we do that in such difficult times? It is so difficult to keep close track of money. We have so many places to spend it. So many bills to pay and so much money to spend. There are so many sources of income and so many things to pay. If you are like most people they cannot possibly find a way to keep all of their money straight. However, there are some great tools that anyone can use, namely budget spreadsheets. The use of these things has become particularly convenient now that they are put onto computers.

"Where to find budget spreadsheets" »

Posted by K at 07:10 AM | Permalink | Comments (0) | TrackBacks (0)

When something happens that causes an individual or a family to have to cut down their spending they worry that they will no longer be able to live the lifestyle they have been used to living. People lose their jobs, or get their hours cut, or maybe they just decide to spend less money so they are able to save more of their income. No matter what the reason for the cut in spending, it can be scary for people to feel as though they have to live a different lifestyle than they have been used to living. This article will talk about whether or not it is possible for a person or family to maintain their lifestyle while cutting their spending.

"Maintaining your lifestyle while cutting your spending, is it possible" »

Posted by K at 07:00 AM | Permalink | Comments (0) | TrackBacks (0)

Finances tend to be one of the most frustrating things in life. They bring with them a lot of stress. Some people have stress because they have a lot of money and some people have stress because they don't have a lot of money. It can be especially hard when a person is on a tight budget. If they take the time to compare their planned spending with what they actually spend, a person can see where their money is going and make the needed adjustments to their budget so that they can hopefully have as little stress as possible when it comes to money.

"Comparing planned versus actual spending" »

Posted by K at 07:05 AM | Permalink | Comments (0) | TrackBacks (0)

What is a budget worksheet

Every individual or family has a certain income or amount of money coming into their household to spend on their wants and needs. It is important for a family to divide that money up between the different areas of things they need to pay for. A budget worksheet is divided up into categories. Categories of a budget worksheet could include, but are not limited to: rent/mortgage, insurance, car payment, food, gas, entertainment, miscellaneous, etc. Within some of these budget categories, are subcategories to help divide the money up even further to make sure a family is able to plan out their spending the best they can.

"Budgeting worksheets for any size budget" »

Posted by K at 06:20 AM | Permalink | Comments (0) | TrackBacks (0)

Learning how to use a budget takes time and patience. When you make the decision to create budget you will begin to save money on every day expenses and you might even start saving for the future. You'd be surprised at what you can do when you give yourself a budget every month.

There are a few different ways to implement a budget. You can:

1. Plan your own budget. Most people are well enough equipped with the skills to tackle their own budget. There are also several books available that can give you ideas on how to keep track of spending, how much to save, and what kinds of things to pay off.


2. Get a budget planner. If you feel like tackling a budget on your own is way too much, then you can use a budget planner. They can help you organize your bills and other finances. You can find them in the yellow pages, online, through your bank, or any type of financial aid institution.

"How to use a budget" »

Posted by K at 06:25 AM | Permalink | Comments (0) | TrackBacks (0)

The secret to financial freedom is really no secret at all and you probably have heard it a million times; spend less than you earn. Easier said than done right? In this economy where credit is easily obtained and patience is a lost virtue it becomes more and more difficult to stay within a budget. In this economy there are generally two types of people:

1. A frugalist. Someone that will spend most of their time looking for the next best deal or bargain.


2. A capitalist. Someone who spends most of their time looking for the next great money making opportunity.


3. If you can't stay within a budget and find yourself falling deeper into debt here are some tips on how to spend less than you earn.

"How to spend less than you earn" »

Posted by K at 06:05 AM | Permalink | Comments (0) | TrackBacks (0)

Learning good money sense is something that everyone wants to do but at the same time may not be that excited about doing. Learning about money is very intimidating for some. Many think that good money sense is only for those who have enough money to go around. Others think that you have to have some sort of professional training or schooling to really be well versed in good money sense. Of course anyone can learn good money sense with a little effort and some self control. After all, as parents isn't it our goal to teach our children to be wise with their money? What better example can we set for them than to get our own financial affairs on order and to learn good money sense for ourselves?

Keep track of your spending

The first thing that is important to realize in learning good money sense is that there is always room for improvement. Many people believe that they are frugal and manage their money at least moderately well. However, as the amount of money that the average American is in debt for increases, it becomes apparent that many of us are not doing as well as we thought that we were. Simply keeping track of our spending can bring our own pitfalls to our attention. By keeping track of where our money goes we can see where we spend too much and where we can save and invest more. It is easy to just trust that other people are adding up the expenses that you incur and to cut a check for whatever amount they say that you owe every month. But learning good money sense for yourself has got to involve some sort of work on your part.

"Tips for learning good money sense" »

Posted by K at 10:40 AM | Permalink | Comments (0) | TrackBacks (0)

We have to eat and so naturally we have to spend money on groceries. While there are many of us who work to lessen the sting of our grocery bills by growing our own produce or making things from scratch, such options are intimidating or even impossible for some. Saving money on groceries (or anything else for that matter) just may involve stepping outside of our comfort zones to try something new. Here are a few grocery money saving techniques worth trying:

Don't pay for packaging

Brand name food vendors charge more for their products not necessarily because they are better but more because the money for the fancy and colorful packaging as well as the advertisements that persuade you to buy the product has to be paid for by someone. Brand name products have also earned the coveted eye-level position at most grocery stores, meaning that the highest priced items are most likely going to be the ones that you see first. With this in mind, hopefully the next time you go to the grocery store, you will remember to look at the contents rather than the packaging and to realize the price differences between the eye-level products and the items at the bottom and top of the shelves.

"Saving money on groceries" »

Posted by K at 06:15 AM | Permalink | Comments (0) | TrackBacks (0)

The prospect of making your money go further is certainly an appealing idea. I know of very few people who give back the money that they earn because they just have too much. Most of us are hard working and need help finding ways to work smarter rather than harder. With the cost of living as high as it is, few of us see where we can spare the money that we want to make grow. However, with careful planning and wise decision making, anyone can make their money go further.

Get some equity

One of the easiest ways to make your money go further is to put it where it will appreciate in value. Establishing equity, and more specifically, purchasing a home, is a great way of doing this. While there are those who may be better suited for renting, most people can make their money go a lot further by buying a home rather than renting one. A mortgage or rent payment usually takes up about 30-50% (or more) of what we make in a month. If you can make that money work for you, just think of how much further your dollar will be going. Not only will you hopefully see your mortgage money back one day, but chances are that if you have done your part you will also see an increase in what you have put into your home.

"Making your money go further" »

Posted by K at 06:20 AM | Permalink | Comments (0) | TrackBacks (0)

Budgeting is not something that everyone can get excited about. Budgeting generally has a negative stigma attached to it as being something that is boring, tedious, restrictive, and mathematical. While for some these negative points may not be as imaginary as we wish they were, for others, the benefits of budgeting far outweigh the challenges that being responsible for your own budget present. No two budgets are the same, just as no two families, individuals and corresponding financial outlooks are the same. So below you will find some different strategies for budgeting on a weekly, monthly, and yearly basis.

"Budgeting on a weekly, monthly, and yearly basis" »

Posted by K at 06:15 AM | Permalink | Comments (0) | TrackBacks (0)

People seem to get really excited and get taken over with a false sense of invincibility when that monthly check comes. The reality is that most of that money is going to be spent on essential living needs. The leftover money will not be anything close to what your crazy imagination will illustrate for you. To prevent yourself from falling into a grave of your own digging, it is wise to consider figuring out a realistic monthly budget.

First, know how much money you have after taxes and after you have payed all of the bills. Make sure that these bills are the essentials that you need such as water, electricity, gas, etc. If there are things in your budget that you find you are not using, then cut them out and get rid of them. It is surprising how much people waste by paying for things they don't really need and actually hardly ever use. For example, if you have cable and your schedule doesn't allow for a whole lot of TV time, then for goodness sakes, get rid of the cable bill! Hook up an antenna instead. It's free.

"Tips for figuring out a realistic monthly budget" »

Posted by K at 06:40 AM | Permalink | Comments (0) | TrackBacks (0)

Overspending is easy to do even after you have taken the time and sincere effort not blow your budget. Even if you do blow your budget one month, there are still ways to keep from overspending until you find yourself in a better position. Knowing that accidents can and will happen should prepare you to come up with ideas. Here are some simple ways to not overspend even after blowing your budget. Let us go through a list of hypothetical budgets that are commonly made every month and can easily sneak up and take over your budget.

"How to not overspend even after blowing your budget" »

Posted by K at 06:30 AM | Permalink | Comments (0) | TrackBacks (0)

Most people don't think they can save money. My wife and I have been trying to save recently and have found it very hard to do so. All of our money seems to disappear by the end of the month. Often we don't know where it goes. We pay most of our income into bills and to pay off some debt that we have. We don't feel that we are very irresponsible in the way that we use our money, but we also can't seem to put away any money. This concerns us because we know how volatile the economy is. We know that one of us could loose a job or that there could be a major emergency that might ruin us. Although it is a major concern we don't know quite what to do to save any more.

Saving for a rainy day is a very important part of securing your financial future. Some of the major reasons for serious financial problems are accidents and divorce. An accident could include just about anything. It could include something like a natural disaster or a car accident. There are all sorts of problems that can come up in life. You don't know what it will be, but you should act as though a major emergency will occur, and you should plan as though it might occur very quickly. Saving for a rainy day is difficult but necessary. You might think that you can start saving for an emergency sometime in the future but you will be wrong. It is something you need to do right now.

"Saving for a rainy day, tips and tricks" »

Posted by K at 06:00 AM | Permalink | Comments (0) | TrackBacks (0)

One of the most effective ways to track and manage your finances is through software. With charts, spreadsheets, bill pay reminders, and other handy features, money management software helps take the hassle out of budgeting and finances for many people and can help alleviate some of the apprehension that comes along with being in charge of the household finances.

Budgeting software is especially important for those who have a variable income. If you have a variable income, or your income is dependent upon products or services you sell or if you work on commission rather than a fixed paycheck you receive every week or so, you may have different needs regarding budgeting. For example, you may need to set aside extra money for taxes each month, because it does not come out of your check automatically. Or, you may find you have to prioritize spending (bills now, school clothes later) a little differently.

"Best budgeting software for variable incomes" »

Posted by K at 07:30 AM | Permalink | Comments (0) | TrackBacks (0)

One of the biggest mistakes people make in their financial lives in not having a budget. While you would never start out on a long road trip without a map to guide you many people attempt to navigate their financial lives with no idea where they are going. They simply assume that since they have money coming in and bills being paid that they are doing all right. This type of thinking is the same thing as assuming you know where a particular landmark is (without ever being there) and just driving until you reach it. A budget can work as a map to guide you through financial pitfalls and more importantly help you reach the financial goals you have set up for yourself. While everyone's financial needs are different there are basic budgeting strategies that every one can use. Here is what you need to know about how to set up a budget that works for your lifestyle-

"How to set up a budget that works for your lifestyle" »

Posted by K at 07:01 AM | Permalink | Comments (0) | TrackBacks (0)

Planning is a major part of finances and income. There is however sometimes when an income varies and planning becomes hard. Here are 5 tips for living on a variable income.

1. Plan ahead.
2. Plan on the least amount of income and save when there is more.
3. Save 6 months of expenses for emergencies if you can.
4. Sign up for monthly payments when you can.
5. Pay expenses before wants.

Plan ahead. You may have heard this before, but it is true. When you plan ahead, you can be prepared for the variable income. Living on a variable income will require a person to plan ahead as to what they need to pay for, what they want to buy, and then what they need to wait for because of lack of funds.

"Tips for living on a variable income" »

Posted by K at 07:05 AM | Permalink | Comments (0) | TrackBacks (0)

Checking accounts are great and checks are so handy when you don't want to carry around a lot of cash. But sometimes a check may bounce and then you are charged big fees by the bank and where you wrote the check. How can you learn to never bounce a check? Well, the key is to stay on top of your finances. Another great help is to get your finances on your computer and online. When you write a check you always need keep track of the purchase amount, date and check number. You may want to consider overdraft protection, which is available from your bank.

How to begin to never bounce a check is to stay on top of your finances. This means to have a balanced checkbook and checking account. It also means to know what you have in the account and what will be taken out before more funds are put into the account. To have a balanced checkbook can be accomplished by getting the monthly statement from your bank or credit union. Sit down and make sure that you have the same amount in your checkbook register as the bank shows in your account.

"How to never bounce a check." »

Posted by K at 07:30 AM | Permalink | Comments (0) | TrackBacks (0)

Perhaps one of the most important things you can do with your personal finances is to figure out how much money you spend each month. Knowing how to manage money can help you make smart choices. A budget can help you get financially organized until you achieve the goals you set for yourself. Budgeting helps you to understand how much money you make, spend, and what you spend it on. Figuring out estimates for variable spending, such as: gas, groceries and entertainment are often things that are overlooked. Knowing these estimates as well as your monthly fixed expenses will give you a better understanding of your financial spending.

Here are ways at figuring out estimates for variable spending:
Create a budget
There are many ways to budget. Some people set up a day-to-day, week-to-week, or even a month-to-month budgeting plan. The more detailed you make it the more likely it will give you a more accurate read out. Monthly budgets are usually used the most and are plenty accurate in figuring out variable spending estimates. Calculate how much money you have to work with so you know how much you should be spending. If you can't come up with a budgeting spreadsheet on your own, there are many different kinds you can print online. These are a great way to get you on your way to being organized.

"Figuring out estimates for variable spending, like gas, grocery and entertainment" »

Posted by K at 07:45 AM | Permalink | Comments (0) | TrackBacks (0)

In a fast pace world of convenience and sales, budgeting is often overlooked. What's spending a dollar here and a there going to really do to your finances? Many people are surprised when they begin to budget and realize how fast those dollars add up. Carefully budgeting will get you on track to spending less and saving more. Budgeting so you have money left over each month could easily lessen your stress and financial headaches.

Why should you have a budget?

Identifying problems
A budget will enable you to identify a financial problem if it exists, find short-term and long-term solutions to it, and enable you to understand and control your finances better. a budget is a self-education tool that shows you how your funds are, how they are working for you, what your plans are for them, and how far along you are toward reaching your goals.

Control
A budget helps you take control of your finances. A budget clearly states what is happening to your money and where it is going each month. Knowing this information will ensure that you have control of your money instead of your money controlling you.

"Budgeting so you have money left over each month" »

Posted by K at 06:55 AM | Permalink | Comments (0) | TrackBacks (0)

If you have ever had to write a budget for yourself then you are probably already aware of the fact that many times a lot of budget ideas just don't work. One of the main reasons that budget ideas don't really work is that people are not exactly sure how they are supposed to be applying those ideas, basically they aren't sure how to go about creating budget so nothing is actually going to work. The thing about budgeting ideas is that in order for them to work you are going to have to give them some time and you are going to need to commit to your budget.

"Budget ideas that work" »

Posted by K at 03:22 PM | Permalink | Comments (0) | TrackBacks (0)

The following are the pros and cons of a cash only budget:

Pros:
 Cash makes you more conscious of your spending. Paying with cash whenever possible -- rather than with a card of any type -- forces you to be acutely aware of the amount of money leaving your hands. If you have $200 cash for groceries, and you see your grocery budget get slim, you are going to be less likely to spend $1.49 on a personal size soda when you could spend $99 on a larger one.
 With cash, you avoid credit card fees. A lot of people spend more because they make late payments, or they overdraw, go over their allotted balances, etc. With cash this is really not a concern. You can't go over your allotment because it is cash.
 You don't overspend because once the cash is gone, it is gone. This means you won't indulge as often.

"The pros and cons of a cash-only budget" »

Posted by DF at 07:04 AM | Permalink | Comments (0) | TrackBacks (0)

Following a budget is not easy - it takes some work to learn to live on a set budget faithfully and some lifestyle changes to maintain it. It can seem confining and difficult to follow a budget at first, but once you get used to it, it becomes a way of life, just like any other habit. Below are a few ideas to help you focus and follow your budget:

Track Your Spending
To really set a practical budget you need to understand your spending habits. Keep a note of every bit of money you spend for about a week, even if you're just buying a can of soda from a vending machine. This will help you analyze where you spend money so that you can either cut those areas out completely or just cut them down into a specific amount. The only way you can learn to live on a set budget is if it is realistic and tracking your spending helps you create such a budget.

"Learning to live on a set budget faithfully" »

Posted by DF at 07:42 AM | Permalink | Comments (0) | TrackBacks (0)

For most people there is always some way to save money. Whether it is lowering an interest rate or using coupons, you may be surprised at the tricks that some people use to save themselves the money that the rest of us waste. Many people will agree that it would be great to save money but have this stigma associated with saving money that convinces them that it takes to much time and effort to look through all of your finances to see where cuts can be made. Saving money is simple and can be done on a daily basis. All it takes is being aware of where and how you spend your money and being willing to make a change.

Below are just a few simple tips and tricks for how you can easily make ends meet with room to spare by cutting your spending and saving money:

"Making ends meet with room to spare, tips and tricks" »

Posted by DF at 07:07 AM | Permalink | Comments (0) | TrackBacks (0)

Living in today's world on a budget can be tough. With access to endless credit cards and easy pay day loans it can be challenging to be frugal and live within your financial means. A well planned budget can help achieve financial goals, both long term and short term.

First, before you start a budget you must know what kind of budget you want. One type of budget could be setting a certain amount of money away every month for things that you want to buy. Another type of budget is one that keeps track of what you have been buying or saving. This type of budget helps you see how you can improve on your spending and saving habits. The type of budget I want to concentrate on today is a weekly budget that will help you know exactly where your money is going and how much you have left and the end of the day.

"Tips for Creating a Percentage based Weekly Budget" »

Posted by DF at 07:24 AM | Permalink | Comments (0) | TrackBacks (0)

There are several things you can do to change your spending habits, and begin to spend less money on a daily basis. Many of us spend a lot of money during our daily routine but it quite often does not seem like much. For example, many people buy a latte or coffee every morning which can cost anywhere from $3.00 to $5.00. Now that may not seem like a whole lot of money but five dollars a day adds up to twenty five dollars a week, and one hundred dollars a month, and an unbelievable twelve hundred dollars a year. Wow, over one thousand dollars a year for a cup of coffee! Now there is no need to completely stop buying something you enjoy but if you were to only get a latte or coffee a couple days a week, you could save at least forty dollars a month and nearly five hundred dollars a year.

Everyone needs to eat but many people become accustomed to buying a lunch at least five days out of the week and they may not realize how much money they are really spending each day when they could be spending far less by bringing a lunch from home. The cost of buying lunch daily may be anywhere from five dollars up to ten dollars. On average we will say six dollars a day spent buying lunch, thirty dollars a week, one hundred and twenty dollars a month, which is nearly fifteen hundred dollars a year. You could save over eight hundred dollars a year just by bringing a lunch two days a week.

"How to spend less and save more daily" »

Posted by DF at 07:00 AM | Permalink | Comments (0) | TrackBacks (0)

The best way to handle unexpected expenditures, such as car repairs, accidents, or illness is to have an emergency savings account fund. When you have an emergency fund, you will be prepared to handle and pay for some of life's little mishaps and you will avoid having to borrow the money. The big question now is, where to find the money to put into an emergency savings fund?

You can begin to save money by cutting costs and expenses. Instead of paying for cable TV or satellite dish, learn to live with basic television. If you do not need a cellular phone for business or work, get rid of. Yes, it may be convenient and you may feel you cannot live without one, but it is possible. Another convenience but expense that can be cut is high speed internet service. Dial up service is a fraction of the cost. Renting videos from the video store can be costly, instead try going to the library. The library has a wide selection of movies that can be checked out for free. Also, the library charges far less of a late fee than the video store does if videos are not returned on time. You may not realize the amount of money you could save by making these changes. For example, use the money you would normally pay for cable TV or satellite service for your emergency savings fund. A cable TV or satellite service bill can cost you anywhere from $25.00 to $100.00, sometimes even more. When you rent videos from the video store, it can cost you $10.00 to $20.00, money that could be put in your emergency savings instead.

"How to handle unexpected expenditures (car repairs, accident, illness)" »

Posted by DF at 07:58 AM | Permalink | Comments (0) | TrackBacks (0)

Budgeting is not easy, but it is important. Without a budget you would find yourself spending far too much money, and not ever having enough for the things that you need. However, not everyone can have a traditional budget where they put this much money to this, or that much money to that. The reason is that not everyone makes the same amount of money every month, week, year, etc. So, to make a budget that actually works for you if you find yourself in a similar situation, consider a percentage based budget. The following is an explanation of how to work off a percentage based budget, and in doing so save at least 10% of your income:

1. Determine an approximate percent of your income that needs to go to bills. For most people this ends up being about 60%. That is for things like house payments, car payments, insurance, utilities, debts, etc. Once you know about what yours is you can go on with the rest of your budget, however, for now, let's assume that it is 55%.

"How to work off a percentage based budget, and save at least 10% of your income" »

Posted by DF at 07:20 AM | Permalink | Comments (0) | TrackBacks (0)

With personal finances our spending is not dictated the way it would be in a business. In a company, even if you have a company credit card, there are allowable expenses, and then there are things that would not be covered. You know this, and so you would never use your company credit card to buy such things. Well, you should have the same sort of system for your personal finances. There should be some set guidelines to help you determine what you should, and should not be spending your hard earned money on. So, how can you set up guidelines for such allowable expenses? Try the following:

1. Your first guidelines should be if it is a need or a want. This should be set as if it is a need then yes, if it is a want then maybe. For example, we all need to eat, but do we need to eat lobster tail and shrimp? No! So, just like if you were eating on a company credit card, give yourself an allowable need based limit. This does not mean you can't leave some room for enjoyment, but it does mean set some limits so you do not spend five thousand a month to eat.

"How to set up guidelines for allowable expenses with personal finance?" »

Posted by DF at 07:19 AM | Permalink | Comments (0) | TrackBacks (0)

If computers are not your thing it can be difficult to follow any sort of budget. Most budgets are computer based now and can really make your life easier as they track and categorize your spending. With an electronic accounting program, like Quicken, you can print off exactly where you are at a second's notice, you can download your spending from your bank, etc. However, this is going to do you little good if you are just not computer savvy. So, what can you do, or how can you set up a budget that will work even if it is not on a computer. Try the following:

First, sit down and write out all of your expenses that are fixed. This would be things like your mortgage, your car payment, and other debts. Your phone bill if the same every month would go here, your internet, insurances, etc. Once you have all of your fixed expenses recorded, you will need to record all of your variable expenses. These are things like gas, groceries, entertainment. Now you need to look at your income, and what you should be spending on the variables to keep you living within your income, and to keep you from getting in debt. You should also set up some savings. You will want to put a certain amount of your check into your savings every month. You will probably want to put about 10% of your income into savings.

"How to set up a workable budget if computers aren't your thing" »

Posted by DF at 07:17 AM | Permalink | Comments (0) | TrackBacks (0)

If computers are not your thing it can be difficult to follow any sort of budget. Most budgets are computer based now and can really make your life easier as they track and categorize your spending. With an electronic accounting program, like Quicken, you can print off exactly where you are at a second's notice, you can download your spending from your bank, etc. However, this is going to do you little good if you are just not computer savvy. So, what can you do, or how can you set up a budget that will work even if it is not on a computer. Try the following:

First, sit down and write out all of your expenses that are fixed. This would be things like your mortgage, your car payment, and other debts. Your phone bill if the same every month would go here, your internet, insurances, etc. Once you have all of your fixed expenses recorded, you will need to record all of your variable expenses. These are things like gas, groceries, entertainment. Now you need to look at your income, and what you should be spending on the variables to keep you living within your income, and to keep you from getting in debt. You should also set up some savings. You will want to put a certain amount of your check into your savings every month. You will probably want to put about 10% of your income into savings.

"How to set up a workable budget if computers aren't your thing" »

Posted by DF at 07:18 AM | Permalink | Comments (0) | TrackBacks (0)

Budgeting is not easy, but it is important. Without a budget you would find yourself spending far too much money, and not ever having enough for the things that you need. However, not everyone can have a traditional budget where they put this much money to this, or that much money to that. The reason is that not everyone makes the same amount of money every month, week, year, etc. So, to make a budget that actually works for you if you find yourself in a similar situation, consider a percentage based budget. The following is an explanation of how to work off a percentage based budget, and in doing so save at least 10% of your income:

1. Determine an approximate percent of your income that needs to go to bills. For most people this ends up being about 60%. That is for things like house payments, car payments, insurance, utilities, debts, etc. Once you know about what yours is you can go on with the rest of your budget, however, for now, let's assume that it is 55%.

"How to work off a percentage based budget, and save at least 10% of your income" »

Posted by DF at 07:16 AM | Permalink | Comments (0) | TrackBacks (0)

The following are some great tips for cutting back on expenses without cutting back on the enjoyment of life:

Tip one: Just change your timing a bit. People love to go out, see movies, eat nice meals at fancy restaurants, etc. However, this can really get expensive. One way to cut costs here without cutting back on the enjoyment of life is to change your timing. Go to the earlier movie showings. Matinee prices are usually half of the regular price. Go out to lunch instead of dinner. Usually the food is just as good, often you get the same items that are on the dinner menu, and even the same portion sizes, but at a fraction of the price. So, change your time and save some money. The same holds true for day of the week. It is more expensive to go out on weekends then week days, and you are more likely to spend more as well.

"Tips for cutting back on expenses without cutting back on the enjoyment of life" »

Posted by DF at 07:27 AM | Permalink | Comments (0) | TrackBacks (0)

The following is your one week to a better budget, how to curb your spending:
Pack lunches
Pay at the pump
Plan a menu
Pay your bills online
Make plans at home with friends
Pre-make meals
Plan outfits

All of the above things will mean you spend less because you have less opportunity and less need. For example, if you plan your outfits ahead of time you will have something to wear and not feel the need to go shopping. If you pay at the pump you will not spend extra in the gas station on candy, soda or gum. The following is a sample week.

"One week to a better budget, how to curb your spending" »

Posted by DF at 07:26 AM | Permalink | Comments (0) | TrackBacks (0)

There are so many different things that people have to worry about these days. One thing that is a big worry in a lot of peoples lives are their personal finance budgeting. If you are worried about your personal finances and want to know how you can make your personal finance budget better. Here are some tips on what you should know about personal finance budgeting.

The first tip on what you should know about personal finance budgeting is how to set up a budget. The first thing you need to do is get a list of all of the income that you bring in each month. You will want to make sure that you figure out how much money you have after taxes. If you figure how much money you have before taxes you will not be accurate on what you bring home.

"What you should know about personal finance budgeting" »

Posted by DF at 07:00 AM | Permalink | Comments (0) | TrackBacks (0)

The following are some tips for how to stay dedicated to a strict budget:

Tip one: Stick to the 3 R's of budget setting. If you don't do this, you will never be able to stay dedicated to a strict budget. These 3 R's are Realistic, Rewards, and Revise.

"How to stay dedicated to a strict budget" »

Posted by DF at 07:47 AM | Permalink | Comments (0) | TrackBacks (0)

It seems like every time we go looking for financial advice one of the most common suggestions we get is to make a budget. We are supposed to budget how much we spend on the necessities of life and to set aside a designated amount for those things that maybe would not be considered a necessity. Too many of us write our checks and swipe our credit cards without knowing if we have earned enough money to cover the money spent in those transactions.

A budget is supposed to serve as a template or a map to our spending. It is difficult to see where we need to save money if we do not even know where we are spending our money. Most people are unable to get a good picture of where they are pending wastefully or inefficiently unless they keep track of every dollar you spend, whether by cash, check, or credit card. You may be surprised how much money you spend and where that money actually goes each month.

"Why you should have a budget" »

Posted by DF at 07:54 AM | Permalink | Comments (0) | TrackBacks (0)

Capital planning is a way of defining how you're going to spend money to get the most impact for your company and its mission. Capital budgeting is knowing what you're going to spend your money on in the next year (or two or three). Therefore, capital planning and capital budgeting go hand in hand. Abiding by these principles when developing a capital plan can help ensure that your capital budget is more thorough, accurate and meaningful:

1. Define the needs of your company, preferable over a period of three to five years. Identifying company needs is best done via a comprehensive evaluation of all facilities and their systems. Some company's choose to hire this task to an independent firm, while others choose to take on the assessment themselves. An assessment of current conditions should be very property-specific of what inventory exists. Condition assessments can create the foundation for an effective preventive maintenance program. This will help make decisions regarding short and long term needs, and differentiate between actions that should be handled by the operating budget vs. those that require new capital. As data is gathered during a condition assessment, it is sometimes collected without a clear understanding of its objectives. Keep your goals and intentions in mind, if you know how you are going to use the information, it may influence how you collect it. Databases can be useful in this process. They can look at the effects of the decisions you make. Based on the decisions you make today, they can create scenarios and play out those scenarios to see, what the future is going to look like.

"Tips for understanding capital budgets" »

Posted by DF at 07:52 AM | Permalink | Comments (0) | TrackBacks (0)

Common definitions for the word "standardize" indicate that when you standardize something you are agreeing to impose a certain set of guidelines or uniform criteria that you will follow. Standards are meant to improve efficiency. Businesses impose financial standards in order to have uniform business information, product and service exchanges. With all the fancy definitions that exist in conjunction to standardizing your budget, it can be a daunting and intimidating thing to do.

Standardizing your budget may be difficult to implement initially. When you form a budget you are not only budgeting for fixed costs or costs that you know will remain constant from month to month. But you also must find a way to budget for the variable costs in life. Variable costs are costs that you do not expect. Thing like repairing your car, having a visit to the emergency room and or having an appliance break are all variable costs that you have no way of knowing about ahead of time and therefore cannot budget for them specifically.

"Tips for standardizing your budget" »

Posted by DF at 07:51 AM | Permalink | Comments (0) | TrackBacks (0)

When you start a business and a financial plan you will never be able to account for everything that may happen. Unexpected costs are a natural part of life and business. The point is that when something unexpected does occur, that we learn from that and try to better prepare ourselves for future variances until eventually we can handle life's little surprises. Some people are never able to get to the point where they are prepared for anything financially, but we can certainly make progress towards that goal.

There are many reasons why your personal or business financial plans will have variances. Because variances are a part of life and a natural companion to progress, it is in our best interest to investigate why variances occur and how we can better prepare and adapt our financial plans because of them. Below are just a few examples of common reasons for financial plan variances and the tips you can use to investigate them.

"Tips for investigating unexpected financial plan variances" »

Posted by DF at 07:50 AM | Permalink | Comments (0) | TrackBacks (0)

First off, congratulations for having a budget to begin with. Too many businesses rely on credit cards to pull them out of a jam, and aren't properly aware of how much they're spending, what they're spending it on, and when they spent it. This implies that the first step to sticking with a budget is to actually make one. This entails work, patience, and discipline, and a good accountant or accounting department helps.

The next crucial step in sticking with your budget is keeping track of your spending on a daily basis. This might at first seem like an overwhelming job, but like any habit it gets easier with time. Keeping track of a budget never gets easy, but again like any habit the challenge it presents becomes rewarding and even deeply satisfying after a while.

"Sticking with your budget, what to do when your business exceeds it" »

Posted by DF at 07:49 AM | Permalink | Comments (0) | TrackBacks (0)

Let's look on some ideas of how to make a variable income work. All of us are in the same fix, that is, we have too many bills and too little money with which to pay them. It's hard enough with a steady job with steady hours, regular insurance plans, and so forth, but if we're relying on a variable income-an income that varies, isn't consistent, either because there isn't enough work for us at one job or we're forced to work two or three jobs to make ends meet, etc.-we're dealing with some extra challenges, that, luckily for us, can be overcome.
First, let's look at some of the disadvantages of a variable income.
1. Well, it's variable, it varies. A variable income doesn't give us the kind of job security we'd ideally want, especially if we're caring for a family.

"Making a variable income work for you" »

Posted by DF at 07:40 AM | Permalink | Comments (0) | TrackBacks (0)

Everybody's a little imperfect when it comes to staying in budget, so let's look at a few ideas for becoming a little less imperfect.
 Wanting to stick to our cash budget implies knowing what our cash budget is. As obvious as this might sound, every day millions of very smart people fail to consider it and eventually find themselves in a cash quandary. Perhaps it's the very obviousness of the rule that makes us overlook it.
 That said, let's talk about what a cash budget is. A cash budget is, simply put, your organized system of (a) paying for essentials such as groceries, gas and heating, school supplies, medication, clothing, etc., (b) paying for essential non-essentials such as going to the movies, eating out, shopping for the fun of it, etc., and (c) creating a savings account for emergencies and retirement, without getting into debt. In other words, a cash budge allows you to do (a) through (c) without having to borrow money, you're relying strictly on your income.

"Tips for sticking to your cash budget" »

Posted by DF at 07:44 AM | Permalink | Comments (0) | TrackBacks (0)

"Living within your means" differs in meaning from person to person. People defining "living within your means" in a number of different ways, depending on their own philosophies when it comes to money and their own financial situation.

Think about your own definition of living within your means. With which of the following definitions you personally feel the most comfortable?

"What is means to live within your means." »

Posted by DF at 07:29 AM | Permalink | Comments (0) | TrackBacks (0)

Top 4 tips on how to make money less important to you.

Do you find yourself constantly obsessing over money? Do you end up being really stressed by constant thoughts of debt and budgeting? Do you worry about whether or not you have enough money? Do you worry about whether or not you have enough stuff?

"How to make money less important to you" »

Posted by DF at 07:24 AM | Permalink | Comments (0) | TrackBacks (0)

Are you wondering how you can keep up with Joneses without spending as much as they are, or while even saving money? Well, the good news is that it's not impossible to keep up a high standard of living without losing tons of money in the process!

Here are some tips that you can follow in order to save money-live like you're rich, but don't spend like you're rich. You can keep up with the Joneses, and you can pad your savings account at the same time.

"How to keep up with the Joneses without spending as much money." »

Posted by DF at 07:22 AM | Permalink | Comments (0) | TrackBacks (0)

When it comes to good money management most people will tell you that you need to have some kind of budget or money management system in place. But creating the budget is only part of the battle. Sometimes the most difficult part of having a budget is sticking to it. Below are a few helpful suggestions for how you can better stick to your budget and manage your finances.

 Write it down - You cannot expect to follow a budget if you have not written out what it is. You need to take the time to carefully examine your financial obligations and compare them to your income. Separate the "needs" from the "wants" and make sure that you have enough money coming in to cover all of your necessities before you allocate funds for the things that you can do without

"Tips for better sticking to your budget" »

Posted by DF at 07:49 AM | Permalink | Comments (0) | TrackBacks (0)

If you have children or if you remember what it was like to be a child, you know how important it was to feel like you fit in. You wanted to be liked and accepted. As children we wanted to dress like the other kids, buy the same brands as the other kids and be interested in the things that were popular at the time. If you have children of your own who are facing these pressures you may have counseled them to not compare themselves to others or to be special in their own way and to not want to be like some one else.

Such childish notions have not died with our youth. As adults many of us are still comparing ourselves to others. If we were to take our own advice and focus on our own needs and situation there would be no need to "keep up with the Jones's" as the popular phrase illustrates. Yet, we do somehow forget all logical advice and sacrifice our own financial well being in order to keep up an image. We forget or simply choose not to acknowledge that keeping up with the Jones's means budget failure.

"Keeping up with the Jones's, why it means budget failure" »

Posted by DF at 07:48 AM | Permalink | Comments (0) | TrackBacks (0)

Quicken is one of the most popular financial software programs on the market. Quicken provides the tools that the everyday person can use to get their finances in order. If you find yourself in need of a program that can help you re-gain control of your finances, Quicken comes highly recommended.

Of course no one software program can tailor a single budgeting system that is right for everyone. You will have to make the hard decisions about how much money you want to budget or allocate to certain categories. In the housing industry it is recommended that 30% of a budget be for your residence. However, not all of us are in the financial position to afford allocating only 30% housing. For some, 80 or 90% is spent on housing. Other individuals set aside 5-10% for clothing in their budget. Others see no need to be buying clothing every month and may leave this category out of their budget entirely. So you see there is no ideal plan for everyone, in fact there may be no `ideal' plan for you. You will need to take a close look at your finances and decide on a budget that will get you back on the right financial track.

"How to set up a budget on Quicken" »

Posted by DF at 07:46 AM | Permalink | Comments (0) | TrackBacks (0)

Personal finance is not as straightforward as it seems. Here are six personal finance budgeting tips to help.

When you are planning out your personal finance budget, you will need to figure out a couple important factors before you create the budget that will help you settle and secure your financial future.

#1-First, figure out how much money you have coming in to the budget. This w

"Six personal finance budgeting tips" »

Posted by DF at 07:52 AM | Permalink | Comments (0) | TrackBacks (0)

Personal budgeting, why is it so important? That is a good question. Have you ever started on a trip, and know at least known where you were heading. This could be a long trip or even a day trip; the direction has to start somewhere. A budget basically starts you on your financial trip in the right direction.

The ultimate goal with personal budgeting is to get to financial success. This is a process, or an adventure, however you look at it. You need to get there by following a map, or a budget. The budget you create and follow will help you get to your goal.

"Personal budgeting why is it so important?" »

Posted by DF at 07:43 AM | Permalink | Comments (0) | TrackBacks (0)

Here are seven ways to help you make your money go further. Making your money go further is not a hidden secret, however in the culture we live in today, people are not taught about being thrifty as much as they are taught about being fast.

Fast is not always better. Consider all the fast things in life that are not that good for you. Fast food is usually high in fat and cholesterol. Fast cars, usually have a higher priced insurance premium, risk getting more tickets, and are often times in more accidents. Well you get the point. Fast options are not always the best thing when it comes to making your money go further.

"Seven ways to make your money go further" »

Posted by DF at 07:37 AM | Permalink | Comments (0) | TrackBacks (0)

Personal budgeting, why is it so important? That is a good question. Have you ever started on a trip, and know at least known where you were heading. This could be a long trip or even a day trip; the direction has to start somewhere. A budget basically starts you on your financial trip in the right direction.

The ultimate goal with personal budgeting is to get to financial success. This is a process, or an adventure, however you look at it. You need to get there by following a map, or a budget. The budget you create and follow will help you get to your goal.

"Personal budgeting why is it so important?" »

Posted by DF at 07:30 AM | Permalink | Comments (0) | TrackBacks (0)

Living on a budget? There are three full proof ways to make it work. When you are living on a budget takes some practice in addition to trial and error.

First, the best way to make your budget work is to make a budget that can be lived with, and within. This means simply creating a basic budget that has room for growth, in addition to being simple to follow in the beginning.

"Living on a budget, three ways to make it work" »

Posted by DF at 07:27 AM | Permalink | Comments (0) | TrackBacks (0)

Each person has a different personality; here is how to budget for your personality type. Budgeting is something that takes some trial and error. When you sit down and create a budget, and then start using that budget, there will be some flaws in the great plan you have created. This is because even with budgeting software, each of our personalities comes into play when it comes to budgeting.

Your money is delegated into three different places. Living day-to-day, paying bills, and putting money into savings. So, when you create your budget, you will delegate what amount of money from your income, is going to be put into each of these categories.

"How to budget for your personality type." »

Posted by DF at 07:25 AM | Permalink | Comments (0) | TrackBacks (0)

Each person has a different personality; here is how to budget for your personality type. Budgeting is something that takes some trial and error. When you sit down and create a budget, and then start using that budget, there will be some flaws in the great plan you have created. This is because even with budgeting software, each of our personalities comes into play when it comes to budgeting.

Your money is delegated into three different places. Living day-to-day, paying bills, and putting money into savings. So, when you create your budget, you will delegate what amount of money from your income, is going to be put into each of these categories.

"How to budget for your personality type." »

Posted by DF at 07:22 AM | Permalink | Comments (0) | TrackBacks (0)

The greatest planned out budget will never work unless you plan for emergencies, here is how to budget for emergencies. Budgeting for emergencies needs to be based on a couple different levels of emergency status.

The first type of emergency that needs to be budgeted for is the emergencies that are short term. Here is a list of a few short-term emergencies.

"How to budget for emergencies" »

Posted by DF at 07:21 AM | Permalink | Comments (0) | TrackBacks (0)

The way a budget is made, will dictate whether that budget will be kept or not. The reason for this is that if a budget is too stringent or difficult to follow, we tend to not want to follow it.

A good budget allows for a little freedom, some room for growth and finally some fun and emergency money to afford deviations.

"How making a budget can help you keep it" »

Posted by DF at 07:20 AM | Permalink | Comments (0) | TrackBacks (0)

There are four ways to make sure that your budget is realistic. These different ways will help you to be able to succeed when you are starting to follow a budget. A budget is set up to help you stay within the spending limits you are setting for yourself and for your future. Spending will run wild, if there is not a plan set up for the spending to be set to.

Here are four different ways that you can make sure that your budget is realistic and easy to follow.

"Four ways to make sure your budget is realistic" »

Posted by DF at 07:19 AM | Permalink | Comments (0) | TrackBacks (0)

Budgeting can be somewhat intimidating and confusing at first, however there are five budgeting tips that will help your budget be a sure win.

1. When you create your budget at first, keeping it simple and basic will be your best bet. The basics will be enough to get a good idea for tracking purposes. After you have tracked your spending for a couple months, then you will be able to create a more detailed budget. The starting list should include these items; rent or mortgage, utilities, car payment and expenses, medical insurance, car insurance, credit card payments and any other set bills that have a set amount for a certain amount of time.

"Five budgeting tips" »

Posted by DF at 07:12 AM | Permalink | Comments (0) | TrackBacks (0)

Stick to your budget with some quick thinking tips. Quick thinking, well what does that mean? What I am talking about is that it is easy to make a budget, however it is just as easy to waver from that budget when something that takes some quick thinking comes up.

The quick thinking events I am talking about are decisions that have to be made quickly based on circumstances. There are tips that you can help you be prepared for many of these circumstances, in addition to ways you can prevent some of these situations from occurring at all.

"How to stick to your budget?" »

Posted by DF at 07:34 AM | Permalink | Comments (0) | TrackBacks (0)

Sticking to your budget is a task that many people need to stay motivated to do. There are tips and tricks to keep yourself motivated and on task when it comes to sticking to your budget.

There is a reason you made a budget in the first place. That could be due to wanting to meet a financial goal for your retirement, or maybe you are saving up for a vacation, college or many other important items. Maybe you are trying to pay off all your debts and the way to do that is by sticking to your budget and paying off your bills with the rest.

"How to stay motivated to stick to a budget" »

Posted by DF at 07:32 AM | Permalink | Comments (0) | TrackBacks (0)

Budgeting with a variable income can be a bit tricky, though there are some guidelines that can help.

The best ways to make the most of the hard earned money we make is to budget it out and then take care to spend it wisely. Many times our work does not meet a traditional pay time frame, hours, and scale.

"How to set a budget when you have a variable income?" »

Posted by DF at 07:28 AM | Permalink | Comments (0) | TrackBacks (0)

Budgeting with a variable income can be a bit tricky, though there are some guidelines that can help.

The best ways to make the most of the hard earned money we make is to budget it out and then take care to spend it wisely. Many times our work does not meet a traditional pay time frame, hours, and scale.

"How to set a budget when you have a variable income?" »

Posted by DF at 07:28 AM | Permalink | Comments (0) | TrackBacks (0)

Budgeting with a variable income can be a bit tricky, though there are some guidelines that can help.

The best ways to make the most of the hard earned money we make is to budget it out and then take care to spend it wisely. Many times our work does not meet a traditional pay time frame, hours, and scale.

"How to set a budget when you have a variable income?" »

Posted by DF at 07:28 AM | Permalink | Comments (0) | TrackBacks (0)

Having fun is something that as we look into our budgets we think there is not enough money for, however having fun does not have to blow the bank.

There are many ways to have fun without spending a great deal of money. In fact there are ways to have fun without spending any money at all. There are hobbies and activities that if you plan in advance, you can group the cost up so as to not have the money spent only work for one outing.

"How to have fun without blowing the bank" »

Posted by DF at 07:24 AM | Permalink | Comments (0) | TrackBacks (0)

Are you looking for a way to find discretionary money in your current income? Before you can find discretionary money, you need to know what it is. Some people get discretionary money confused with disposable income. Disposable income by definition is the amount of after-tax income that is available to divide between spending and personal savings, or also known as your net income. Discretionary money is an individual's income that they really have left for spending on things wanted not needed after the necessities (like rent, food, clothing, car insurance, gas etc.)have been taken out.
It is a fact that 57 million U.S. households now have discretionary income. Discretionary income varies for different people. Something that an older person would think would be a luxury such as a cell phone; a person in a younger generation might consider it a necessity.
Here are a few steps to take to find out how to find discretionary money in your current income.

"How to find discretionary money in your current income" »

Posted by DF at 07:17 AM | Permalink | Comments (0) | TrackBacks (0)

Are you looking for a way to find discretionary money in your current income? Before you can find discretionary money, you need to know what it is. Some people get discretionary money confused with disposable income. Disposable income by definition is the amount of after-tax income that is available to divide between spending and personal savings, or also known as your net income. Discretionary money is an individual's income that they really have left for spending on things wanted not needed after the necessities (like rent, food, clothing, car insurance, gas etc.)have been taken out.
It is a fact that 57 million U.S. households now have discretionary income. Discretionary income varies for different people. Something that an older person would think would be a luxury such as a cell phone; a person in a younger generation might consider it a necessity.
Here are a few steps to take to find out how to find discretionary money in your current income.

"How to find discretionary money in your current income" »

Posted by DF at 07:17 AM | Permalink | Comments (0) | TrackBacks (0)

Are you looking for a way to find discretionary money in your current income? Before you can find discretionary money, you need to know what it is. Some people get discretionary money confused with disposable income. Disposable income by definition is the amount of after-tax income that is available to divide between spending and personal savings, or also known as your net income. Discretionary money is an individual's income that they really have left for spending on things wanted not needed after the necessities (like rent, food, clothing, car insurance, gas etc.)have been taken out.
It is a fact that 57 million U.S. households now have discretionary income. Discretionary income varies for different people. Something that an older person would think would be a luxury such as a cell phone; a person in a younger generation might consider it a necessity.
Here are a few steps to take to find out how to find discretionary money in your current income.

"How to find discretionary money in your current income" »

Posted by DF at 07:17 AM | Permalink | Comments (0) | TrackBacks (0)

Knowing when an emergency is going to happen is not something you can plan, however you can budget for the expenses involved in an emergency. This emergency planning budget can be based around your complete finances in a life changing emergency, or an emergency that consists of only something that causes a day or two inconvenience and some expenses you did not plan on.

What ever the emergency is, if you are prepared for it, it will not be something that causes any further of a dramatic stress than it has to.

"Budgeting for emergencies" »

Posted by DF at 07:46 AM | Permalink | Comments (0) | TrackBacks (0)

Knowing when an emergency is going to happen is not something you can plan, however you can budget for the expenses involved in an emergency. This emergency planning budget can be based around your complete finances in a life changing emergency, or an emergency that consists of only something that causes a day or two inconvenience and some expenses you did not plan on.

What ever the emergency is, if you are prepared for it, it will not be something that causes any further of a dramatic stress than it has to.

"Budgeting for emergencies" »

Posted by DF at 07:46 AM | Permalink | Comments (0) | TrackBacks (0)

Knowing when an emergency is going to happen is not something you can plan, however you can budget for the expenses involved in an emergency. This emergency planning budget can be based around your complete finances in a life changing emergency, or an emergency that consists of only something that causes a day or two inconvenience and some expenses you did not plan on.

What ever the emergency is, if you are prepared for it, it will not be something that causes any further of a dramatic stress than it has to.

"Budgeting for emergencies" »

Posted by DF at 07:46 AM | Permalink | Comments (0) | TrackBacks (0)

It seems that for some people, the rising cost of housing, gas, food, clothes, and other necessities makes it increasingly hard to live on what you make. However, living within your means, whether you make $20,000 a year or $200,000 a year, is vital for financial security. Not living within your means can result in the stresses that come with high credit card debt, bill collectors, ruined credit, and perhaps even bankruptcy.

So how do you live on what you make? The following are just few tips for living comfortably within your means:

"How to live on what you make" »

Posted by DF at 07:19 AM | Permalink | Comments (0) | TrackBacks (0)

Creating an effective budget is one of the best ways to keep track of your money. Without a budget, it's easy to spend-and subsequently run out of-money. But making a budget is not as complicated as it might seem. It can't be as simple as a calculator and a piece of paper or a more advanced budgeting software. Regardless of how you go about it, there are a number of ways you can create an effective budget.

In order to make a budget, there are a few basic steps you'll need to take:
 First, list all of your monthly debits, or expenses. This includes your mortgage, car payments, insurance, credit card payments, food, gas, and utilities. Estimate how much you spend each month if you don't have a set amount (say, for gas and food). Keep track of your expenses in columns. Keep a column for saving, even if you don't save anything now. You should always pay yourself as much as you can.

"How to create an effective budget" »

Posted by DF at 07:12 AM | Permalink | Comments (0) | TrackBacks (0)

One of the most effective ways to track and manage your finances is through software. With charts, spreadsheets, bill pay reminders, and other handy features, money management software helps take the hassle out of budgeting and finances for many people and can help alleviate some of the apprehension that comes along with being in charge of the household finances.

However, there are a number of different types of budgeting software available today, and it can be difficult choosing the best one. The following is a run-down of some of the more popular types of budgeting software:

"Budgeting software - which one's best?" »

Posted by DF at 07:58 AM | Permalink | Comments (0) | TrackBacks (0)

When you first plan on staying home with your children, probably the
first thing you do is take a look and see if you can afford it. You
cut back on cable TV, buy older cars, lose retirement benefits…

Whoops! Most moms don't seem to be thinking about what being a
stay-at-home mom does for her retirement package. The years spent not
working have a huge impact, however, when you decide to retire, so you
need to plan now.

"Retirement Planning for the Stay-At-Home Mom" »

Posted by S at 01:34 PM | Permalink

You may not be familiar with the title of this article, or indeed my writing style - but often they go ‘hand-in-hand’.

I use phrases or sayings to support my articles - as this often acts as a good starting point to drive home various key facts I am trying to emphasize to my readers.

The phrase or saying ‘Buyer beware’ has some legal background, but is more often linked to everyday life when trying to warn people against the perils of purchasing - that’s purchasing, often without good deliberation, consideration of facts - or sometimes just good old ‘commonsense’ (me included!)

Today’s fast pace World is all about ‘here and now ‘ getting things done today - action, not delays.

We are all part of it. We all want things immediately, we hate waiting, postponing, complications…..

Without this hyper-energetic lifestyle, there would be no need for fast-food, microwave ovens, email, cell phones, instant coffee, 500 TV / Cable channels, express elevators…….

"Buyer BEWARE" »

Posted by Angie at 11:29 PM | Permalink

It is so easy to despair when you encounter your first financial crisis. You're not alone. Many people face a financial crisis some time in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. The important thing to bear in mind is, not to panic!

The most obvious first step is to prepare a budget and although it may not be everyone’s Idea of fun it is nevertheless necessary if you are to take the first step towards overcoming your financial situation.

Have you seriously considered preparing a budget? Not just a mental note but a written exercise taking a long, cold, hard and truthful look at your predicament.

It may sound a very obvious statement to make but the first step toward taking control of your financial situation, is to do a realistic assessment of how much money you earn and how much money you spend. The operative word here being “realistic.” It may not be pleasant to be so forthright about your own circumstances but if you choose to ignore certain aspects then you are just deceiving yourself and the whole exercise would become a complete waste of your time.

Start by taking a blank piece of foolscap paper and divide it into two halves by drawing a line down the middle of the page. On the top left side of the page write a heading of “Income” and on the top right side of the page write a heading of “Expenses”.

Commence by listing in the “Income” column all your income sources to include wages (full time and part time) for yourself and/or your partner, rental income etc.

Next, concentrate on your expenses.

"How To Budget Your Household Accounts" »

Posted by Angie at 08:47 PM | Permalink | Comments (0)

If you had to choose the greatest enemy of your financial security, where would you look? In the lineup, as you look them over, who would you choose? There are so many that qualify. Banks, credit card companies, persuasive advertisers, finance companies, and identity thieves, would all be in the running.

Banks because, while you are their customer, they do not have your best interests at heart. They hit you with all sorts of fees and charges for services which used to be provided free. They constantly bombard you with offers to go further into debt. Car loans, home equity loans and other lines of credit are pitched in every statement you receive. But, they are not your worst financial enemy.

Credit card companies love to add charges for many different errors on your part (and sometimes theirs). Late fees, over-limit fees, yearly fees, and returned check fees are just a few. They hike your interest rate if you looked cross-eyed on a Tuesday, or miss a payment (not just with them, but any creditor). Still, they are not your greatest financial enemy.

Persuasive advertisers love to get you to buy, buy, and buy. They have you pegged as far as your habits. They know your wants and desires. They have so much information on you, the fight isn’t even fair. Their ads make you feel good and pull all the triggers. Yet, they are not your greatest financial enemy.

"The Greatest Enemy Of Your Financial Security" »

Posted by Angie at 11:15 PM | Permalink | Comments (0)

How can you decide how much you have for bills and expenses when your paycheck varies from one payday to the next? That's a question a lot of people struggle with.

A few of the occupations that I can think of off hand that could fall into this category are waitresses or waiters working for salary and tips, truck drivers that are paid by the mile and never know how many miles they are going to get, the self-employed that their business income varies from season to season, and the list could go on.

Trying to manage your finances with a steady income is hard enough but when you never know what your paycheck will be seems almost impossible, but it's not. It is, however, going to be a little more tricky.

In my Budget and Bill Organizer I talk about averaging your expenses like your phone and electric bills that vary from month to month. The same principle can be used to average your income.

The first step you need to take is to find records of your pay for as far back as you can. It would be best if you had records going back for at least 6 months.

Take these records and total the amounts you were paid for the entire period. Then divide that by the number of months you have records for. This will give you your average monthly income.

"Budgeting When Your Paycheck Varies" »

Posted by Angie at 12:53 PM | Permalink | Comments (0)

Unlike a fixed monthly cost such as your mortgage or car payment, the amount you spend on groceries each month is somewhat flexible. While the common advice of clipping coupons and buying generic brands to save money while shopping is sound, by far the best way to truly keep your grocery shopping expenses under control is by understanding how grocery stores entice you to spend more than you really want. By fully understanding the ways grocery stores encourage you to spend, many of which you probably never even noticed before, you can combat their strategies and spend money only on the merchandise you really need.

Although a grocery store may appear to be simply a place to purchase food and other household necessities, in reality it's a cutting edge example of "how to sell more than consumers really need." Since you are the consumer, it's important that you realize these sales tactics so that you walk into a grocery store to get only what you need while avoiding everything else that the grocery store wants to sell you. Here are some ways that grocery stores manipulate you into spending more than you had planned and some simple steps you can take to counter them:

Smell: One of the first things you'll notice when you enter a grocery store is the mouth-watering smell. There is a specific reason why grocery stores smell of freshly baked goods, and also why the bakery is almost always found near the store entrance. The reason is that a bakery making bread and desserts gives off an enticing smell, and that smell is likely to make you hungry. The grocery store also knows that if you feel hungry while you shop, you are likely to spend more money - a lot more - than if you are not hungry.

"How To Save Money On Groceries" »

Posted by Angie at 12:51 PM | Permalink | Comments (0)