Develop a Family Budget in 7 Steps...

Jun 24, 2014 by

Develop a Family Budget in 7 Steps

How to Create a Family Budget For singles, creating a budget is relatively easy. They tend to have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game. Most families have multiple sources of income. And when there are multiple spenders, that makes things much more confusing. This is one of the main reasons that families lack a formal budget. But having a budget and sticking to it can greatly improve a family’s financial outlook. Making a family budget may be tricky, but it can be done. Here’s how. 1. Take inventory of all income. If a certain source of income fluctuates from month to month, use the lowest amount...

read more

10 Tips to Make Sure Your Financial Budget Will Succeed...

Jun 24, 2014 by

10 Tips to Make Sure Your Financial Budget Will Succeed

10 Tips to Make Sure Your Financial Budget Will Succeed You’ve analyzed your past expenses, put them into spreadsheets, loaded Quicken with all of your data and come up with a budget. Now what? The tough part! You actually have to stick to your budget and put your plans into action. This is easier said than done. In many cases you will have forgotten about your budget and your financial goals 6 months or a year down the road. How do you keep this from happening to you? Here’s how. Make sure you follow some of these tips below so this doesn’t happen to you. 1. Create a budget with realistic targets – Let’s say one of your budget goals is to not eat out for lunch or dinner on a regular basis. If...

read more

3 Tips to Stick to Your Budget

Jun 24, 2014 by

3 Tips to Stick to Your Budget

So you’ve made your budget and it looks good on paper. Great! Now it is time to implement it. But are you ready to follow the budget you’ve developed? Here are some helpful tips to keep you on track with your budget. 1. Determine why you made a budget. There is a reason you have put time into developing your budget, now you need to put into writing what your goals are. Do you want to be debt free, live on one income, or save for retirement? Make this into your personal or family financial mission statement. Write it down or type it up nicely and then have it laminated and display it in a prominent place where you can see it often. Many times we just need a reminder to ourselves for why...

read more

Get Richer by Changing Your Thinking...

Jun 18, 2014 by

Get Richer by Changing Your Thinking   Imagine two situations; 1) finding $1000, that is yours to keep with no strings attached and 2) earning $1000 through hard-work. I’m curious – is there any difference between the value of them? Do you consider one to be worth more than the other? Is there any difference in how you would spend them? Are they different to you in some way? You can do exactly the same thing with them. I wonder if you really would. Well if you do attach a different value to them you could be missing out; read on to learn how to get more for free! My point in all this questioning is that if we only value the ‘things’ that we have to work hard for there is a danger...

read more

6 Steps to master your finances...

Jun 18, 2014 by

Become the master of your finances in 6 simple steps Mastering your personal finances using the 6 steps identified below will change your life the moment you begin implementing them. You will immediately began reaping the rewards and satisfaction that comes with financial security. You deserve a secure future that provides the life style that you want. So read the steps below and go get started on the path of personal financial mastery today! Identify your current financial status. This can be a little intimidating for some but it is essential to a better financial future. This entails knowing three important things: your expenses, financial problems and financial desires. Be aware of how much you spend vs. how much you can afford. Ok you got me…I am referring to budgeting but nobody likes that word, but...

read more