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Casual Articles - Get Debt Under Control By Setting Up A Budget First
So you ordered a copy of your credit report to check for inaccuracies and get the most from your credit score. Now how do you read it? Your credit report is read and used by any number of people you deal with on a daily basis, from your landlord to your employer to a potential lender. Fortunately, it has gotten easier to order a copy of your report, but it’s not so easy to understand what all those abbreviations and numbers mean once you’ve got it.If you haven’t ordered your credit report yet, you will soon be entitled to a free copy from each of the three major credit bureaus, Equifax, Experian, and TransUnion. Some states can already take advantage of this new policy, but people living in eastern states will have to wait until September of 2005. Order your free yearly copies from all three agencies and check for the availability of the annual reporting
Real estate taxes (if not included in your regular mortgage payments)
Property Insurance (if not included in your regular mortgage payments)
Utilities: electricity, heating fuel, water and sewer, telephone, gas, cable, DSL service
Home maintenance – figure out what you spend a year and divide by twelve. (fix a leak, paint, general overall house maintenance.)
Food (you can get that from your small notebook)
Clothing (every year when the kids go back to school and they get new close, etc.; figure out the monthly average)
Laundry and dry cleaning
Medical and Dental expenses: prescriptions, co-pays, etc.
Transportation (not including car payments): oil changes, regular vehicle maintenance, registration fees, etc.
Recreation, clubs and entertainment, newspapers, magazines, etc.
Charitable contributions
Insurance (not deducted from wages or included in home mortgage payments) – if insurance is paid quarterly, etc. total the yearly amount and divide by 12.
Homeowners/renters
Life
Health
Auto
Other
Month
In our society we have a real problem with honesty amongst people. So many people will lie to save a dollar or two. They will steal from you without even thinking twice at all about it? Even friends who tell you that you can trust them turn out to be thieves or pathological liars. This fact causes issues in the business world and it is most prevalent in Corporate Marketing Departments as they like to sling a little bull and misdirection. But we should not be surprised, as this happens throughout society.We have clergy molesting children and folks telling us you can trust me because, well because; “I am a Christian!” Ouch, run when you hear that one, if someone has to tell you that you can trust them, then you know there is a problem indeed. Why are people so dishonest? Our own government is often dishonest and not just those purported stories about the le
It will take you about 2 hours so; set some time aside undisturbed, and get it done. You don’t have to do the information gathering all at once, start at the beginning of the month. Take a few moments out of each day and start gathering up the materials. Remind yourself that this is the year that I am going to become debt free. I’m going to eliminate my debt and invest in my future.
Treat yourself like a company. Get into the habit of looking at your own personal financial life as you would run a company. Manage your debt and expenses as well as the income coming in correctly and you will reap the rewards as a good CEO or fail as a bad one.
Once you have all of your information, commit to a day at the end of the month that you will put all of it to good use and set up that budget!
Here is what you will need:
1. Review you last 12 months of checks that you have written. You can review your monthly bank statements (I like these because it will also show me ATM purchases and withdrawals, any additional monthly service fees, etc.) Remember, you need to know where all you money is going so, gather up the info.
2. Gather up the last twelve months of income/deposits. Net take home pay, rental income, investments, etc.
3. Get yourself a small notepad that you can fit into your purse or put in your back pocket. Starting at the beginning of the month, every time you spend money, write the date, item and amount down in the notebook. When you buy gas or go to the grocery store, get a cup of coffee, go to the movies or dinner, write down the date and amount spent. At the end of the month when you sit down to put your budget together, you have an overall snap shot of where some of your non-fixed expenses are. This is where you can usually identify extra income you could be using to get out of debt or invest in something other than a latte.
4. Get yourself a legal size note pad. Now, you could go out and get a budgeting program like QuickBooks but, it will only work if you use it. Let’s just start with the basics and then you can move on from there.
The first sheet of paper will be labeled at the top: Current Income
If you are married and both you and your spouse work, create two columns on the paper. One is for you and one for your husband/wife.
On the first line, you are going to list your average monthly salary. If you get paid every two weeks, take your take home pay (after taxes) and multiply by 26. Take that total and divide the number by 12. This will give you your monthly take home pay (average).
For example: If you take home $1,500 every two weeks - $1,500 x 26 = $39,000 $39,000 / 12 = $3,250 is your monthly take home pay.
If you get paid weekly, take that number and multiply by 52 then divide by 12.
$750 x 52 = $39,000 $39,000 / 12 = $3,250.
Below the average monthly salary, you are going to list any of the following with the appropriate amount of money received. If you get any kind of interest or dividends payments periodically (quarterly) add up the grand yearly total and divide by 12, this will give you that monthly average.
Income from real property Interest and dividends Alimony, maintenance or support payments that you receive Social security or other government assistance Pension or retirement income Any other monthly/yearly income that you get not listed above…… Now, tally all the columns up and that will give you your current income situation.
5. On the separate piece of paper we are going to get into the heavy lifting. Label this one at the top, Current Expenditures – this is where you are going to list all of your monthly obligations (both fixed debt and non-fixed debt).
make a list of the following and fill in the blanks.
Rent or home mortgage payments (include lot rented for mobile home)
Real estate taxes (if not included in your regular mortgage payments)
Property Insurance (if not included in your regular mortgage payments)
Utilities: electricity, heating fuel, water and sewer, telephone, gas, cable, DSL service
Home maintenance – figure out what you spend a year and divide by twelve. (fix a leak, paint, general overall house maintenance.)
Food (you can get that from your small notebook)
Clothing (every year when the kids go back to school and they get new close, etc.; figure out the monthly average)
Laundry and dry cleaning
Medical and Dental expenses: prescriptions, co-pays, etc.
Transportation (not including car payments): oil changes, regular vehicle maintenance, registration fees, etc.
Recreation, clubs and entertainment, newspapers, magazines, etc.
Charitable contributions
Insurance (not deducted from wages or included in home mortgage payments) – if insurance is paid quarterly, etc. total the yearly amount and divide by 12.
Homeowners/renters
Life
Health
Auto
Other
Monthl
Every business stores items in boxes or drawers. Most businesses have a plethora of storage containers stacked on shelves and, perhaps seldom have to locate these stored items. But when an employee needs to locate one of the items in storage, can it be found quickly? After all, time is money.Usually, the employee stands in front of a stack of storage containers wondering, "What is in the storage container…or the one underneath?" Time is wasted pulling down containers only to find that the critical object is not in that container but in some other unidentified container. How can this problem be alleviated? It's simple, easy and affordable! A label printer can resolve this dilemma efficiently.By using a label maker, like the Brother PT-65 or one of the many others readily available, each and every storage container can be clearly marked with the cont
Once you have all of your information, commit to a day at the end of the month that you will put all of it to good use and set up that budget!
Here is what you will need:
1. Review you last 12 months of checks that you have written. You can review your monthly bank statements (I like these because it will also show me ATM purchases and withdrawals, any additional monthly service fees, etc.) Remember, you need to know where all you money is going so, gather up the info.
2. Gather up the last twelve months of income/deposits. Net take home pay, rental income, investments, etc.
3. Get yourself a small notepad that you can fit into your purse or put in your back pocket. Starting at the beginning of the month, every time you spend money, write the date, item and amount down in the notebook. When you buy gas or go to the grocery store, get a cup of coffee, go to the movies or dinner, write down the date and amount spent. At the end of the month when you sit down to put your budget together, you have an overall snap shot of where some of your non-fixed expenses are. This is where you can usually identify extra income you could be using to get out of debt or invest in something other than a latte.
4. Get yourself a legal size note pad. Now, you could go out and get a budgeting program like QuickBooks but, it will only work if you use it. Let’s just start with the basics and then you can move on from there.
The first sheet of paper will be labeled at the top: Current Income
If you are married and both you and your spouse work, create two columns on the paper. One is for you and one for your husband/wife.
On the first line, you are going to list your average monthly salary. If you get paid every two weeks, take your take home pay (after taxes) and multiply by 26. Take that total and divide the number by 12. This will give you your monthly take home pay (average).
For example: If you take home $1,500 every two weeks - $1,500 x 26 = $39,000 $39,000 / 12 = $3,250 is your monthly take home pay.
If you get paid weekly, take that number and multiply by 52 then divide by 12.
$750 x 52 = $39,000 $39,000 / 12 = $3,250.
Below the average monthly salary, you are going to list any of the following with the appropriate amount of money received. If you get any kind of interest or dividends payments periodically (quarterly) add up the grand yearly total and divide by 12, this will give you that monthly average.
Income from real property Interest and dividends Alimony, maintenance or support payments that you receive Social security or other government assistance Pension or retirement income Any other monthly/yearly income that you get not listed above…… Now, tally all the columns up and that will give you your current income situation.
5. On the separate piece of paper we are going to get into the heavy lifting. Label this one at the top, Current Expenditures – this is where you are going to list all of your monthly obligations (both fixed debt and non-fixed debt).
make a list of the following and fill in the blanks.
Rent or home mortgage payments (include lot rented for mobile home)
Real estate taxes (if not included in your regular mortgage payments)
Property Insurance (if not included in your regular mortgage payments)
Utilities: electricity, heating fuel, water and sewer, telephone, gas, cable, DSL service
Home maintenance – figure out what you spend a year and divide by twelve. (fix a leak, paint, general overall house maintenance.)
Food (you can get that from your small notebook)
Clothing (every year when the kids go back to school and they get new close, etc.; figure out the monthly average)
Laundry and dry cleaning
Medical and Dental expenses: prescriptions, co-pays, etc.
Transportation (not including car payments): oil changes, regular vehicle maintenance, registration fees, etc.
Recreation, clubs and entertainment, newspapers, magazines, etc.
Charitable contributions
Insurance (not deducted from wages or included in home mortgage payments) – if insurance is paid quarterly, etc. total the yearly amount and divide by 12.
Homeowners/renters
Life
Health
Auto
Other
Month
An effort built around a string of print and broadcast exposures? Or, a public relations initiative that delivers results far beyond simple publicity tactics. Namely, real behavior change among your most important outside audiences leading directly to reaching your objectives. Achieved, incidentally, by persuading key outside people with the greatest impacts on your organization to your way of thinking, then moving them to take actions that help your unit succeed.It’s a clear choice between limiting PR activity to simply placing product and service plugs on radio and in newspapers and magazines. Or, using a workable public relations blueprint to alter individual perceptions that lead to changed behaviors – something that should be of profound importance to businesses, non-profits and associations who can sink or swim on how well they employ
4. Get yourself a legal size note pad. Now, you could go out and get a budgeting program like QuickBooks but, it will only work if you use it. Let’s just start with the basics and then you can move on from there.
The first sheet of paper will be labeled at the top: Current Income
If you are married and both you and your spouse work, create two columns on the paper. One is for you and one for your husband/wife.
On the first line, you are going to list your average monthly salary. If you get paid every two weeks, take your take home pay (after taxes) and multiply by 26. Take that total and divide the number by 12. This will give you your monthly take home pay (average).
For example: If you take home $1,500 every two weeks - $1,500 x 26 = $39,000 $39,000 / 12 = $3,250 is your monthly take home pay.
If you get paid weekly, take that number and multiply by 52 then divide by 12.
$750 x 52 = $39,000 $39,000 / 12 = $3,250.
Below the average monthly salary, you are going to list any of the following with the appropriate amount of money received. If you get any kind of interest or dividends payments periodically (quarterly) add up the grand yearly total and divide by 12, this will give you that monthly average.
Income from real property Interest and dividends Alimony, maintenance or support payments that you receive Social security or other government assistance Pension or retirement income Any other monthly/yearly income that you get not listed above…… Now, tally all the columns up and that will give you your current income situation.
5. On the separate piece of paper we are going to get into the heavy lifting. Label this one at the top, Current Expenditures – this is where you are going to list all of your monthly obligations (both fixed debt and non-fixed debt).
make a list of the following and fill in the blanks.
Rent or home mortgage payments (include lot rented for mobile home)
Real estate taxes (if not included in your regular mortgage payments)
Property Insurance (if not included in your regular mortgage payments)
Utilities: electricity, heating fuel, water and sewer, telephone, gas, cable, DSL service
Home maintenance – figure out what you spend a year and divide by twelve. (fix a leak, paint, general overall house maintenance.)
Food (you can get that from your small notebook)
Clothing (every year when the kids go back to school and they get new close, etc.; figure out the monthly average)
Laundry and dry cleaning
Medical and Dental expenses: prescriptions, co-pays, etc.
Transportation (not including car payments): oil changes, regular vehicle maintenance, registration fees, etc.
Recreation, clubs and entertainment, newspapers, magazines, etc.
Charitable contributions
Insurance (not deducted from wages or included in home mortgage payments) – if insurance is paid quarterly, etc. total the yearly amount and divide by 12.
Homeowners/renters
Life
Health
Auto
Other
Month
If you are the owner of a blog, you will definitely want to subscribe to your own blog through MyYahoo to help you get noticed by the search engines. If you're interested in a variety of blogs, using MyYahoo is a convenient way to manage them and read only the articles you are interested in without having to jump from site to site. Plus, it's easier than subscribing and having to deal with all kind of emails and newsletters and such. You can prioritize them how you like and only read the headlines that interest you and delete the ones you know you'll never read.Here are the steps:1.) You will need to copy the blog’s RSS feed link to later enter into MyYahoo.RSS is short for Rich Site Summary and it is a format for sharing content among different websites on the Internet. For example, if you look at the sidebar on my blog you will see the
$750 x 52 = $39,000 $39,000 / 12 = $3,250.
Below the average monthly salary, you are going to list any of the following with the appropriate amount of money received. If you get any kind of interest or dividends payments periodically (quarterly) add up the grand yearly total and divide by 12, this will give you that monthly average.
Income from real property Interest and dividends Alimony, maintenance or support payments that you receive Social security or other government assistance Pension or retirement income Any other monthly/yearly income that you get not listed above…… Now, tally all the columns up and that will give you your current income situation.
5. On the separate piece of paper we are going to get into the heavy lifting. Label this one at the top, Current Expenditures – this is where you are going to list all of your monthly obligations (both fixed debt and non-fixed debt).
make a list of the following and fill in the blanks.
Rent or home mortgage payments (include lot rented for mobile home)
Real estate taxes (if not included in your regular mortgage payments)
Property Insurance (if not included in your regular mortgage payments)
Utilities: electricity, heating fuel, water and sewer, telephone, gas, cable, DSL service
Home maintenance – figure out what you spend a year and divide by twelve. (fix a leak, paint, general overall house maintenance.)
Food (you can get that from your small notebook)
Clothing (every year when the kids go back to school and they get new close, etc.; figure out the monthly average)
Laundry and dry cleaning
Medical and Dental expenses: prescriptions, co-pays, etc.
Transportation (not including car payments): oil changes, regular vehicle maintenance, registration fees, etc.
Recreation, clubs and entertainment, newspapers, magazines, etc.
Charitable contributions
Insurance (not deducted from wages or included in home mortgage payments) – if insurance is paid quarterly, etc. total the yearly amount and divide by 12.
Homeowners/renters
Life
Health
Auto
Other
Month
Every webmaster will ask him or herself "How can I improve my website?" Your website is an important and essential tool of business but are you using it to your greatest advantage? Most webmasters have some soft of script that tracks the amount of hits, unique visitors, and where the traffic is coming from. What this script won't tell you is if your visitors are effectively being sold on your product or service. A good example of your website not being efficient is if you are receiving a large amount of traffic but only seeing a small amount of closed sales. Don't worry, there is hope! This article will provide you with direction and tips to improve your traffic turn over.Lesson 1: SimplicityYour website should be as simple as possible. When someone opens your website, they should immediately be able to see what you are offering within seconds. If
Real estate taxes (if not included in your regular mortgage payments)
Property Insurance (if not included in your regular mortgage payments)
Utilities: electricity, heating fuel, water and sewer, telephone, gas, cable, DSL service
Home maintenance – figure out what you spend a year and divide by twelve. (fix a leak, paint, general overall house maintenance.)
Food (you can get that from your small notebook)
Clothing (every year when the kids go back to school and they get new close, etc.; figure out the monthly average)
Laundry and dry cleaning
Medical and Dental expenses: prescriptions, co-pays, etc.
Transportation (not including car payments): oil changes, regular vehicle maintenance, registration fees, etc.
Recreation, clubs and entertainment, newspapers, magazines, etc.
Charitable contributions
Insurance (not deducted from wages or included in home mortgage payments) – if insurance is paid quarterly, etc. total the yearly amount and divide by 12.
Homeowners/renters
Life
Health
Auto
Other
Monthly Debt Installment payments:
Auto
Minimum monthly payments on all credit cards debts
Furniture, etc.
Alimony, maintenance or support you pay to others
Payments for support of dependents not living at home
Add all those columns up and you will have an average monthly expense page. Hopefully, when you take your monthly income and subtract your monthly expenses, you will have what we call a budget surplus. This money should be put toward getting out of debt, setting up an emergency cash reserve, invest, etc. If you don’t have a surplus, then you really need to think about getting some type of professional help to manage your debt or to get some type of debt solutions help you eliminate your debt.
Now that you have a clear picture of what is coming in and what is going out, you can map out a plan for the future. You can figure out what areas you can cut back on (cook at home more often) or ways to save in certain areas (using coupons when grocery shopping). Shop around for a better phone plan or DSL package, check with other insurance carries for a better rate. Contact your credit card companies and see if they will give you a reduced interest rate to stay competitive (believe it or not this sometimes works).
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