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Casual Articles - How To Create A Budget And Stick To It-For The Woman Family Manager
One thing I have learned in internet marketing is you better have more than 1 income stream or you can kiss you butt goodbye.I learned this in a big way about 5 years ago. In 1997 I started learning the ropes of internet marketing and made a few dollars here and there. Wrote a newsletter, wrote a training course. In the old days of SFI I helped develop their flagship product Full Circle Success. I had my ducks in a row. 3 streams of income coming in. My bank account was golden.I few years later I started working with a partner in the lead generation arena. I plunged all my energy into that company and started to let my other stream of income dwindle until they were not even generating enough money to buy a "Big Mac" at McDonalds. I was still flying high until the worse case scenario happened.In one swoop a group of brilliant but hugely mis guided individuals struck our web server h
Entertainment:
Make budget cuts here if you go over budget in other areas. Try not to go over budget, don’t depend on this to fall back on monthly.
Clothing:
Shop sales, and try to stay away from the “latest fad” shopping. Shop the thrift stores too. Purchase winter clothes at the beginning of the spring season when stores are trying to clear out their inventories.
Household:
Repair work, cleaning supplies, laundry detergent, light bulbs (all upkeep items). When you are under budget in this category don’t spend the excess, instead save it for unexpected household repairs.
Miscellaneous Items:
Anything that can’t be easily allocated anywhere else. Examples are beauty/hair care, newspapers, magazines, gift items, etc. You may need to add categories for child care expenses, school tuition, loans, charity/donations, and savings for big purchase items.
Don’t forget to include expenses that don’t occur on a monthly basis such as insurance (which may be quarterly). Divide the total payment by twelve and put that amount away monthly.
Sticking to your budget.
It is possible that
There are many places to invest your surplus cash, and many options available for building your wealth. Investing in Property or Real Estate has created many more millionaires, and in faster record time than any other category of investment. That is why I consider Property investing one of ‘The Three Pillars Of Wealth’.Property is popular, and a powerful wealth building tool for a number of reasons. Firstly, we all have to live somewhere whether as a tenant or a homeowner. Secondly, there is always a finite amount of land in any given area. Once the land is sold, it can only rise in value. Thirdly, property investing offers greater opportunities for leveraging your money, as opposed to other asset classes.Leverage is the ability to increase your returns by using credit or borrowed funds to improve your speculative capacity from an investment. The principle of leverage is an excelle
* Women pay $1.00 or $2.00 more than men to have a white, cotton shirt dry cleaned.
* In general, women are charged higher prices for used cars than men.
Knowing how to play the budgeting game is key to winning it! Neither age nor budgeting experience matter, what does matter is that you keep learning how to get the most for your money.
As women we need to be smart spenders, learned investors, and successful at saving. The fact is 85 out of every 100 U.S. women, 32 and older, will find themselves on their own financially at some point.
* 6 of the 85 will never get married.
* 33 out of the 85 will see divorce.
* 46 will outlive their mates.
We must know more about keeping and controlling our money. Taking the time to learn more now, may mean having more money later.
Start by taking a good hard look at your current spending habits and work to establish a balanced budget. Good money management is spending what you have wisely.
Putting a budget together doesn’t have to be a dreaded thing. You make the rules because it’s your money! If you want a new wardrobe, budget for it. Want to take a vacation? Simply budget for it. You can have the things you want so long as you budget for them. Remember budgeting is simply a systematic way to control what you spend, save money, and get yourself out of debt!
Here is a simple budget to get you going. It is set up to budget monthly expenses as a percentage of what your gross monthly income is.
My Budget:
________% IRA/401K/403B/SEP
________% Federal Taxes
________% Taxes (Other)
0-10% Insurance
25% Home
5-10% Additional Savings
5% or more Groceries (5% per person per month)
5% Clothing
10% Utilities
10% Transportation
0-5% Entertainment
0-5% Household goods, appliances, repairs
0-5% Miscellaneous
_______% Liquid Emergency Fund
Remember, this is just a guideline. Work with your family and budget, make any adjustments you need to. If you find your figures exceed the above guidelines by more than 10%, that could possibly mean you are spending too much. Customize your budget to fit your needs.
IRA/401K/403B/SEP:
Contribute to some sort of retirement plan. Money in the plan will not be taxed while it earns dividends, interest, or capital gains. If you join via your employer, money is deducted from your paycheck before you can spend it! Some employers match a percentage of what you put into your plan. Yes, you can withdraw early if needed, there will be a financial penalty applied and you will have to pay tax on your withdrawal.
Insurance:
Life, disability, medical, dental. Insurance is designed to protect you against loss of life, income or health. Don’t use insurance for your investment needs because most likely you will end up paying far too much for the insurance. Keep them separate (insurance and investments) to get the best return.
Savings:
Be sure to pay YOURSELF first! Save as much as you can. 5-10% is the guideline. Save what you can save. Have a disciplined routine in place. Save at least 6 months worth of living expense. Some recommend putting this into an interest bearing checking, savings, or money-market account.
That is fine if that is what you want to do. It is MY opinion that we should also stockpile a liquid emergency fund. Something we can put our hands on right away without having to wait for any banking system to issue it to us. It can be kept hidden in our homes, I suggest investing in a lockbox (fire/waterproof box), or a small safe. Stockpile whatever money you can.
Ways to stockpile money:
* Round off your budget items to the next highest dollar amount and stockpile the change.
* Pick a certain bill to stockpile weekly (example: stockpile a $10.00 bill every week)
* Set aside a dollar a day
* If a bill or category in your budgeted expenses is less than what you have anticipated for in any particular month, stockpile the balance.
Whatever you do just DO IT and if you aren’t already then start this week. Don’t dip into it! It is for the utmost emergency situation ONLY! Be committed to putting it aside each and every week no matter what.
Home:
Include mortgage, rent, property taxes, and homeowners insurance here.
Transportation:
Car payments, gasoline, auto insurance, repairs, maintenance, license fees, parking fees, mass transportation costs are all included in this category.
Groceries:
This will vary depending on the number of people in your family. Figure about 5% per each adult monthly. To see exactly how much you are spending on groceries, keep track of your receipts for one month. You can cut costs by utilizing grocery store ads and sales, creating a weekly menu plan and sticking to it (base your grocery list on your menu plan), use coupons (most stores now offer double coupon value on certain days or up to a certain amount). Leave the kids and husband home when doing the grocery shopping. Men impulse buy far more than women do and the kids will beg and plead for every new cereal or sugar concoction they see. Stick to your pre-written grocery list. Also cutting down or out on restaurant dining, and eating home more will save you a bundle (another way to stockpile money).
Entertainment:
Make budget cuts here if you go over budget in other areas. Try not to go over budget, don’t depend on this to fall back on monthly.
Clothing:
Shop sales, and try to stay away from the “latest fad” shopping. Shop the thrift stores too. Purchase winter clothes at the beginning of the spring season when stores are trying to clear out their inventories.
Household:
Repair work, cleaning supplies, laundry detergent, light bulbs (all upkeep items). When you are under budget in this category don’t spend the excess, instead save it for unexpected household repairs.
Miscellaneous Items:
Anything that can’t be easily allocated anywhere else. Examples are beauty/hair care, newspapers, magazines, gift items, etc. You may need to add categories for child care expenses, school tuition, loans, charity/donations, and savings for big purchase items.
Don’t forget to include expenses that don’t occur on a monthly basis such as insurance (which may be quarterly). Divide the total payment by twelve and put that amount away monthly.
Sticking to your budget.
It is possible that y
Taxicab companies must be sure to fill up those cabs so they can max out their ridership and expand to buy new cabs as well. If not the old cabs end up with too many miles with low income-per-revenue figures and that hurts their forward progress in the market place.Taxicabs need to do more than simply advertise on the sides of the cabs with easy to remember numbers; they must get new clientele to try them out. If satisfied the cab company knows they will be back for another ride soon enough.One thing the taxicab companies can do is to send out direct-mail and direct-mail marketing coupon packages to all those households with and a 30 mile radius of the areas they serve. Direct mail and direct-mail marketing for taxicab companies makes sense because the return on investment is quite high.Taxicab company should remind people in the area by using direct mail at least four times per ye
Here is a simple budget to get you going. It is set up to budget monthly expenses as a percentage of what your gross monthly income is.
My Budget:
________% IRA/401K/403B/SEP
________% Federal Taxes
________% Taxes (Other)
0-10% Insurance
25% Home
5-10% Additional Savings
5% or more Groceries (5% per person per month)
5% Clothing
10% Utilities
10% Transportation
0-5% Entertainment
0-5% Household goods, appliances, repairs
0-5% Miscellaneous
_______% Liquid Emergency Fund
Remember, this is just a guideline. Work with your family and budget, make any adjustments you need to. If you find your figures exceed the above guidelines by more than 10%, that could possibly mean you are spending too much. Customize your budget to fit your needs.
IRA/401K/403B/SEP:
Contribute to some sort of retirement plan. Money in the plan will not be taxed while it earns dividends, interest, or capital gains. If you join via your employer, money is deducted from your paycheck before you can spend it! Some employers match a percentage of what you put into your plan. Yes, you can withdraw early if needed, there will be a financial penalty applied and you will have to pay tax on your withdrawal.
Insurance:
Life, disability, medical, dental. Insurance is designed to protect you against loss of life, income or health. Don’t use insurance for your investment needs because most likely you will end up paying far too much for the insurance. Keep them separate (insurance and investments) to get the best return.
Savings:
Be sure to pay YOURSELF first! Save as much as you can. 5-10% is the guideline. Save what you can save. Have a disciplined routine in place. Save at least 6 months worth of living expense. Some recommend putting this into an interest bearing checking, savings, or money-market account.
That is fine if that is what you want to do. It is MY opinion that we should also stockpile a liquid emergency fund. Something we can put our hands on right away without having to wait for any banking system to issue it to us. It can be kept hidden in our homes, I suggest investing in a lockbox (fire/waterproof box), or a small safe. Stockpile whatever money you can.
Ways to stockpile money:
* Round off your budget items to the next highest dollar amount and stockpile the change.
* Pick a certain bill to stockpile weekly (example: stockpile a $10.00 bill every week)
* Set aside a dollar a day
* If a bill or category in your budgeted expenses is less than what you have anticipated for in any particular month, stockpile the balance.
Whatever you do just DO IT and if you aren’t already then start this week. Don’t dip into it! It is for the utmost emergency situation ONLY! Be committed to putting it aside each and every week no matter what.
Home:
Include mortgage, rent, property taxes, and homeowners insurance here.
Transportation:
Car payments, gasoline, auto insurance, repairs, maintenance, license fees, parking fees, mass transportation costs are all included in this category.
Groceries:
This will vary depending on the number of people in your family. Figure about 5% per each adult monthly. To see exactly how much you are spending on groceries, keep track of your receipts for one month. You can cut costs by utilizing grocery store ads and sales, creating a weekly menu plan and sticking to it (base your grocery list on your menu plan), use coupons (most stores now offer double coupon value on certain days or up to a certain amount). Leave the kids and husband home when doing the grocery shopping. Men impulse buy far more than women do and the kids will beg and plead for every new cereal or sugar concoction they see. Stick to your pre-written grocery list. Also cutting down or out on restaurant dining, and eating home more will save you a bundle (another way to stockpile money).
Entertainment:
Make budget cuts here if you go over budget in other areas. Try not to go over budget, don’t depend on this to fall back on monthly.
Clothing:
Shop sales, and try to stay away from the “latest fad” shopping. Shop the thrift stores too. Purchase winter clothes at the beginning of the spring season when stores are trying to clear out their inventories.
Household:
Repair work, cleaning supplies, laundry detergent, light bulbs (all upkeep items). When you are under budget in this category don’t spend the excess, instead save it for unexpected household repairs.
Miscellaneous Items:
Anything that can’t be easily allocated anywhere else. Examples are beauty/hair care, newspapers, magazines, gift items, etc. You may need to add categories for child care expenses, school tuition, loans, charity/donations, and savings for big purchase items.
Don’t forget to include expenses that don’t occur on a monthly basis such as insurance (which may be quarterly). Divide the total payment by twelve and put that amount away monthly.
Sticking to your budget.
It is possible that
Many business owners do not understand the authenticity and validation that a simple toll-free number adds to their business presence.It is particularly important that any business owner whose market is not exclusively local consider beefing up the image of the business with a toll-free number. Even for a business whose presence is local, it may be useful for current customers who may want to contact the business while travelling.=== Make Access Easier for Customers - Prospective and Current ===As a business owner you want to make it very easy to obtain leads and subsequently, customers. The simplest tollfree option to set up will provide you the ability to allow customers calling your tollfree number to ring through to a fixed number of your choice.=== "Just" a Home Office? - Increase Your Business Presence ===If you have a home office or are a sm
Insurance:
Life, disability, medical, dental. Insurance is designed to protect you against loss of life, income or health. Don’t use insurance for your investment needs because most likely you will end up paying far too much for the insurance. Keep them separate (insurance and investments) to get the best return.
Savings:
Be sure to pay YOURSELF first! Save as much as you can. 5-10% is the guideline. Save what you can save. Have a disciplined routine in place. Save at least 6 months worth of living expense. Some recommend putting this into an interest bearing checking, savings, or money-market account.
That is fine if that is what you want to do. It is MY opinion that we should also stockpile a liquid emergency fund. Something we can put our hands on right away without having to wait for any banking system to issue it to us. It can be kept hidden in our homes, I suggest investing in a lockbox (fire/waterproof box), or a small safe. Stockpile whatever money you can.
Ways to stockpile money:
* Round off your budget items to the next highest dollar amount and stockpile the change.
* Pick a certain bill to stockpile weekly (example: stockpile a $10.00 bill every week)
* Set aside a dollar a day
* If a bill or category in your budgeted expenses is less than what you have anticipated for in any particular month, stockpile the balance.
Whatever you do just DO IT and if you aren’t already then start this week. Don’t dip into it! It is for the utmost emergency situation ONLY! Be committed to putting it aside each and every week no matter what.
Home:
Include mortgage, rent, property taxes, and homeowners insurance here.
Transportation:
Car payments, gasoline, auto insurance, repairs, maintenance, license fees, parking fees, mass transportation costs are all included in this category.
Groceries:
This will vary depending on the number of people in your family. Figure about 5% per each adult monthly. To see exactly how much you are spending on groceries, keep track of your receipts for one month. You can cut costs by utilizing grocery store ads and sales, creating a weekly menu plan and sticking to it (base your grocery list on your menu plan), use coupons (most stores now offer double coupon value on certain days or up to a certain amount). Leave the kids and husband home when doing the grocery shopping. Men impulse buy far more than women do and the kids will beg and plead for every new cereal or sugar concoction they see. Stick to your pre-written grocery list. Also cutting down or out on restaurant dining, and eating home more will save you a bundle (another way to stockpile money).
Entertainment:
Make budget cuts here if you go over budget in other areas. Try not to go over budget, don’t depend on this to fall back on monthly.
Clothing:
Shop sales, and try to stay away from the “latest fad” shopping. Shop the thrift stores too. Purchase winter clothes at the beginning of the spring season when stores are trying to clear out their inventories.
Household:
Repair work, cleaning supplies, laundry detergent, light bulbs (all upkeep items). When you are under budget in this category don’t spend the excess, instead save it for unexpected household repairs.
Miscellaneous Items:
Anything that can’t be easily allocated anywhere else. Examples are beauty/hair care, newspapers, magazines, gift items, etc. You may need to add categories for child care expenses, school tuition, loans, charity/donations, and savings for big purchase items.
Don’t forget to include expenses that don’t occur on a monthly basis such as insurance (which may be quarterly). Divide the total payment by twelve and put that amount away monthly.
Sticking to your budget.
It is possible that
We have talked about the inner circle and how to take advantage of knowing more about your customer than they sometimes do. You need to combine your ability to touch base with being visible in the community and with the media. Let media know about the events and ask them about making personal time to attend. Even though they may not take you up on it, at least you extended the invitation. If you can gain some personal time with the client, then you have moved the business relationship from a business level to one of further friendship. Getting to this level is not easy to achieve. You need to work at being visible and keeping in touch regarding events of interest at all times. Your postage bill should be fairly large each month and if it is not then you are not doing your job. Look at who you contact and how, then increase it through some of the suggestions given in previous chapters.Your newsle
* If a bill or category in your budgeted expenses is less than what you have anticipated for in any particular month, stockpile the balance.
Whatever you do just DO IT and if you aren’t already then start this week. Don’t dip into it! It is for the utmost emergency situation ONLY! Be committed to putting it aside each and every week no matter what.
Home:
Include mortgage, rent, property taxes, and homeowners insurance here.
Transportation:
Car payments, gasoline, auto insurance, repairs, maintenance, license fees, parking fees, mass transportation costs are all included in this category.
Groceries:
This will vary depending on the number of people in your family. Figure about 5% per each adult monthly. To see exactly how much you are spending on groceries, keep track of your receipts for one month. You can cut costs by utilizing grocery store ads and sales, creating a weekly menu plan and sticking to it (base your grocery list on your menu plan), use coupons (most stores now offer double coupon value on certain days or up to a certain amount). Leave the kids and husband home when doing the grocery shopping. Men impulse buy far more than women do and the kids will beg and plead for every new cereal or sugar concoction they see. Stick to your pre-written grocery list. Also cutting down or out on restaurant dining, and eating home more will save you a bundle (another way to stockpile money).
Entertainment:
Make budget cuts here if you go over budget in other areas. Try not to go over budget, don’t depend on this to fall back on monthly.
Clothing:
Shop sales, and try to stay away from the “latest fad” shopping. Shop the thrift stores too. Purchase winter clothes at the beginning of the spring season when stores are trying to clear out their inventories.
Household:
Repair work, cleaning supplies, laundry detergent, light bulbs (all upkeep items). When you are under budget in this category don’t spend the excess, instead save it for unexpected household repairs.
Miscellaneous Items:
Anything that can’t be easily allocated anywhere else. Examples are beauty/hair care, newspapers, magazines, gift items, etc. You may need to add categories for child care expenses, school tuition, loans, charity/donations, and savings for big purchase items.
Don’t forget to include expenses that don’t occur on a monthly basis such as insurance (which may be quarterly). Divide the total payment by twelve and put that amount away monthly.
Sticking to your budget.
It is possible that
As a result of immediate credit approvals and high-pressure sales tactics, a number of recreation vehicle buyers make impulsive decisions. Future assessments often confirm that the RV loan they settled for was higher than other available rates. In such instances, people apply for refinancing options to reduce the interest rates and the loan payment tenures. An RV Loan refinance substitutes an existing loan by securing the same assets used in the original loan.RV loan refinancing is easily available and can be used for either new or used vehicles. It is to be understood that RV loan refinancing terms should be used only if it significantly lowers the interest rates and monthly deductibles.Consultation with RV loan refinancing specialists, help determine if a RV loan refinancing is favorable. RV loan refinancing options can also be checked through online loan calculators. To determine profi
Entertainment:
Make budget cuts here if you go over budget in other areas. Try not to go over budget, don’t depend on this to fall back on monthly.
Clothing:
Shop sales, and try to stay away from the “latest fad” shopping. Shop the thrift stores too. Purchase winter clothes at the beginning of the spring season when stores are trying to clear out their inventories.
Household:
Repair work, cleaning supplies, laundry detergent, light bulbs (all upkeep items). When you are under budget in this category don’t spend the excess, instead save it for unexpected household repairs.
Miscellaneous Items:
Anything that can’t be easily allocated anywhere else. Examples are beauty/hair care, newspapers, magazines, gift items, etc. You may need to add categories for child care expenses, school tuition, loans, charity/donations, and savings for big purchase items.
Don’t forget to include expenses that don’t occur on a monthly basis such as insurance (which may be quarterly). Divide the total payment by twelve and put that amount away monthly.
Sticking to your budget.
It is possible that your budget may not run as smooth as you hope at first, but DON’T GIVE UP. You can revise and fine tune YOUR budget. Here are a few tips:
For the first three months go on a trial and error basis.
Revise your budget when it isn’t working and start over fresh next month.
Have a monthly family meeting about the budget and discuss solutions to any budget problems.
Research budgeting via your local library or the internet.
Remember, in order for your budget to work-you must work it. You must devote time to it and monitor/control it. Whether you prefer budgeting by hand or on your computer budgeting should not consume lots of time. Stick to a monthly monitoring plan and your budget will be a success.
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