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u A Message from our President, D. Eric Giles, Jr…………...………….….2 |
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u Some tips for |
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u Word Scramble with the theme of |
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Helping our clients break Free from debt. It’s what we say, who we are, and what we live for! |
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Setting up a budget does not have to be an overwhelming task and this article will run you through the steps so you can set up your budget with a minimum of effort. You will need a blank sheet of paper divided in half, a pencil and a calculator. Or if you prefer and are comfortable working with spreadsheets that you know how to format to add and subtract, use that. Or a simple word processing sheet divided into income and expenses category will work just as well. 1. List all your sources of income on one side of the sheet and be accurate about it. *2. List all your monthly debts on the other side. If your sources of income are greater than your debt, you are doing fine and can now start trimming the fat to save even more. The goal here is to make the income portion of your page to keep increasing while your debt portion needs to be decreased by simple measures. If your sources of income are less than your debt, you need to pay special attention to to cutting back and changing the parts of your lifestyle that will lead you into bankruptcy. Let’s face it, you have to work to achieve certain things and live in a certain way, why would you want to loose what you already have and start from scratch when there are ways to keep it all and increase your income to debt ratio? You need to have goals in mind and they need to mean something to you. Do you want to have enough money to buy your next car in cash? Pay off your mortgage early? Go back to college? Send a kid to college? Retire early? Or do you have short term goals that include a luxury vacation, High Definition (HD) TV, or new furniture? Any of those mentioned above require that you know to the penny what your income and expenses are and that you have a realistic time frame to achieve success. |
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Helping you save money on GASOLINE!
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How to set up a budget |
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LIFE |
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Whether you’re commuting to work or planning a big summer trip, you probably want to save money at the pump. An important variable in estimating your gas mileage is how you fuel, drive, and maintain your car. Check out these tips on getting more from your gas dollars. |
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Issue #3 |
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Volume I |
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2011 |
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The Debt Free |
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Part #1 by Olivia Emisar |
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GOALS: List your goals on the other side of the paper and come up with a realistic number for the expenses and the time frame to achieve your desired goal. Break the time frame into the frequency of your paychecks and how much of that needs to be going into an untouchable savings account every single pay period.
This article will be continued in our July newsletter |
