Living Well on Your Budget
by Jill Barnes
Budgeting
Make your money behave; tell your money where to go or it will go where it pleases. Stop charging and take charge of your money and debt.
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Step 1: Know how much money you have coming in and in savings.
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Step 2: Know how much money you spend. (Keep track of spending.)
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Step 3. Know how much money you must have to meet obligations and living expenses.
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Step 4. Set up a budget, accounting for every dollar. Must have a written plan.
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Step 5. Live within and by your budget. DO IT!
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Use the envelop system (see below)
On-line free Money Map (Christian based)
Step-by-step journey to financial freedom with an on-line community
What to Know About Budgeting:
Why Do I Need a Budget?
Why Live on a Budget?
Christian View on Budgeting
Secrets to Budgeting:
Six things that will make a budget fail:
Envelop Budgeting System
Create a Budget:
Tools & Resources:
Work sheets, calculators and money-saving tips to guide your financial planning
Financial Statement
List your assets and your debts
Quickie Budget:
Monthly Cash Flow Plan:
Percentage of Income Guide for Family Budget
Debt List
Keep track of your debits, payments and payoff dates
Savings Account Allocations
Keep track of your savings – monthly budgeted long term items that are deposited into bank account until needed to pay out
Irregulary Income Planning
Account Tracking On-line - Free Quicken
Budgeting Classes:
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Find a ‘Dave Ramsey Financial Peace University’ class in your area.
ask about available scholarships to cover the cost of the materials
class is free (except cost of materials ~$120) and lasts approximately 10 weeks
or Dave Ramsey’s online Total Money Make Over website including interactive forms and tools for $89.00/year at:
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Find a Crown Ministries (Christian based) course.
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Community schools
Round Rock ISD Community School
Austin ISD Community School (at Murchison)
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Libraries
Austin City Library Consumer Help
Free Forms:
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Crown Ministries
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Dave Ramsey – ‘User Tools’ at bottom of page
Calculators:
Budget, credit card, debt, mortgage, loan, savings, automobile, work-related
Mortgage
© Jill Barnes. 2009. All Rights Reserved.