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
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