Managing finances will pay dividends once you begin to pay attention to your money. Most families in America don’t pay attention to their money as well as they should. As long as they have available credit on one or more of their major credit cards everything is fine! Or so they think! If this sounds somewhat familiar you are among the vast majority of American citizens. How much money do you earn each month? What are your expenses each month? Do you put money into a savings account every month? Do you even have a savings account? Knowing the answer to those questions is critical to managing finances for your family successfully.
How much money do you earn each month? For many people, this amount can vary based upon base salary, tips, bonuses, & commissions. What is your monthly average minus 10%? This is the figure that you can base your expenses against. What is minus 10% for? It’s for your savings account. Pay yourself first with the 10% . . . . then pay your monthly obligations. This is a habit you need to develop today. Pay yourself first.
Managing Finances Makes For A Financially Responsible Family
What are your expenses each month? Add up all of your monthly bills. This is the part that everyone finds annoying. Include every monthly living expense. This may take a while as there are more than you can probably remember. Here is a link to help you find a Free Downloadable Household Budget Worksheet. When you fill in the blanks of this budget worksheet it will immediately tell you something about your financial situation. If you have never done this before, or it has been a long time . . . . Congratulations! Now you know exactly where you spend your money. You are also in the beginning stages of managing finances.
If you are not certain about where to, and how to adjust your expenses that are adjustable, then Contact Kevin Smith at once. He has lived a financially fit life for many years and teaches his clients how to live the same way. A way that is within your means, and getting out of debt the smart way! Kevin will insist that you open a savings account if you do not already have one. Contact Kevin Now! Managing finances will make you feel better about your future.