Spending Plan. Budget. Outgo vs. Income. Call it what you want.
The bottom line is you must know what is coming in and you must know what you are spending.
MoneyBasics1: Spend less than you earn!
November tip for those already faithfully using a Spending Plan. We have seen gas prices rise and fall and rise again. Most recently we have seen them fall consistently. Wisely, leave the budgeted amount for high gas prices in place rather than lowering the budgeted amount to adjust for lower gas prices. Prices will rise again -- we just don't know when.
The P in Plan might stand for 'prepare' -- prepare for the rise and fall of gasoline prices -- don't be lulled into believing they will stay at the current $1.99 per gallon price we are seeing here in the midwest currently!
Till the next time, hold tightly to what is important, loose those material things that moth and rust destroy, and ... (that) thieves break in and steal.
csfMarilyn
Sunday, November 9, 2008
Wednesday, October 22, 2008
Start Here
Where do I start?
You must know how much money is coming in.
If you are receiving regular monthly income, that is your base figure for income.
"But, but, but"...."I'm a truck driver"...."I work on commission"..."I work part time from home"......etc. etc. etc.
If you filed an income tax return last year, begin with the yearly amount reported to the IRS and divide by 12 (months in one year). The result can be used to determine your monthly income, your base figure.
If you did not file an income tax return on earnings last year, do your best guess. It can always be adjusted later.
Let's just get some realistic base figure in mind.
In the meantime, check out Crown Financial Ministries, Gainesville, GA for helpful financial information or browse on over to Dave Ramsey.com for another perspective.
I'll be baaaaaack!
csfMarilyn
You must know how much money is coming in.
If you are receiving regular monthly income, that is your base figure for income.
"But, but, but"...."I'm a truck driver"...."I work on commission"..."I work part time from home"......etc. etc. etc.
If you filed an income tax return last year, begin with the yearly amount reported to the IRS and divide by 12 (months in one year). The result can be used to determine your monthly income, your base figure.
If you did not file an income tax return on earnings last year, do your best guess. It can always be adjusted later.
Let's just get some realistic base figure in mind.
In the meantime, check out Crown Financial Ministries, Gainesville, GA for helpful financial information or browse on over to Dave Ramsey.com for another perspective.
I'll be baaaaaack!
csfMarilyn
Friday, October 10, 2008
Perspective
Ahhhhhhhhhhh.
Go here. This will put things in perspective for anyone.
Got money challenges? Search for Nick Vujicic......
......and next post we'll talk more about you and finances!
csfMarilyn
Go here. This will put things in perspective for anyone.
Got money challenges? Search for Nick Vujicic......
......and next post we'll talk more about you and finances!
csfMarilyn
Sunday, October 5, 2008
Intro
Money.
"Money is the root of all evil!" Right?
Hmmm.mm.mm...maybe it's more like
"For the love of money is a root of all kinds of evil."
This is basic money handling. There are no letters after my name indicating 'expert', but there are years and life experiences that provide the 'expertise'. This is about one human being caring for another. So, what you find in this blog are my opinions and should not be taken as advice for your individual situation.
A second opinion is always a good, sound, free option. Speaking, or rather writing, of 'sound', I have spent many years reading the wise counsel of the folks at SMI (Sound Mind Investing). Now there are some experts! (investing)
It is my sincere intent to appeal to those who now travel the paths I have traveled in both difficult financial times and in times of plenty, with a caring, compassionate understanding that the journey each of us follows has its own unique twists and turns.
Money is basic to the society we live in and there are money basics that when followed smooth out the path. Good luck on your adventure.
-csfMarilyn
"Money is the root of all evil!" Right?
Hmmm.mm.mm...maybe it's more like
"For the love of money is a root of all kinds of evil."
This is basic money handling. There are no letters after my name indicating 'expert', but there are years and life experiences that provide the 'expertise'. This is about one human being caring for another. So, what you find in this blog are my opinions and should not be taken as advice for your individual situation.
A second opinion is always a good, sound, free option. Speaking, or rather writing, of 'sound', I have spent many years reading the wise counsel of the folks at SMI (Sound Mind Investing). Now there are some experts! (investing)
It is my sincere intent to appeal to those who now travel the paths I have traveled in both difficult financial times and in times of plenty, with a caring, compassionate understanding that the journey each of us follows has its own unique twists and turns.
Money is basic to the society we live in and there are money basics that when followed smooth out the path. Good luck on your adventure.
-csfMarilyn
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