STRESS BUSTERS
For Mind,Body and Soul
BUDGET? STRESS?
Yes, budgets can and do create stress.
Most people become depressed when they first begin to plan their budget, because its a real downer knowing you are going to have to go without for awhile.
In addition to this it puts into words what you already know and that usually means money is tight.
This makes it very difficult to start planning your budget with a positive attitude and the end result is a failed budget with alot of frustration.
YOUR ATTITUDE CAN MAKE OR BREAK YOU
You can turn it around, and we're going to show you how.
1st:
Make the decision that you at least want to give a budget a try, even though you've tried several in the past and it didn't work.
2nd:
Take a deep breath, and gather up all your bills and separate them into the following categories
3rd:
Credit cards,
car payments
etc |
Household bills
-hydro-water,mrtg |
Misc. Car ins. House ins,car repairs etc. |
Daily living
food,transportatio n |
Clothing and
entertainment |
Next take these five categories and start a chart like this one for each category
CREDIT CARDS
| WHO I OWE TO |
AMT. OF INTEREST PAID
EACH MONTH (and interest rate) |
MONTHLY PAYMENTS
(INCLUDING THE INTEREST) |
TOTAL AMT. OWEING ON THE BILL |
| Abc Credit Card |
$75. |
$125. |
$2,000 |
| ENTERTAINMENT |
MISC |
DAILY LIVING |
CLOTHING |
SPECIAL |
| |
|
|
|
|
| HYDRO |
WATER |
MORTGAGE |
TAXES |
|
| |
|
|
|
|
HOUSEHOLD BILLS (IF BILLS ARE ONLY PAID EVERY 2ND. MONTH THEN DIVIDE IN 1/2 FOR MONTHLY
Do the same for daily living and clothing/entertainment
Remember this a monthly budget so multiply your daily living by 31
NOW COMES THE DREADED PART - ADDING IT ALL UP
1st - add up the monthly payments-
2nd - figure out the money you have coming in every month that you know of for sure - try not to estimate
3rd - Hold your breath and compare the two amounts - what you have to pay out and what is coming in.
-
You are going to find yourself in one of three categories:
CATEGORY #1:
-you have just enough income to cover all of the monthly expenses with no left over for savings
special events or emergencies
CATEGORY #2:
-you have enough income to cover all of the monthly expenses and a little left over for emergencies but nothing for special events
CATEGORY #3
You have discovered that you have enough money to cover all of the monthly expenses and emegencies plus extra, but you never seem to have anything left at the end of the month.
Now that you have learned exactly what category you are in you can make three choices.
1.)Decide that you are just gonna forget about it, and struggle along
2) Determine that you can do the rest of the budget on your own now in your own way
3)Or - if you want to continue then click on the category below that you fall into to continue with
planning your budget
To make tackling
your budget a little
more pleasant, we
will be adding some
freebees or great deals here for you
to take advantage of
_____________________
CATEGORY #4
You see that there is more money going out than coming in,but you knew this because at the end of each month you seem to be going behind rather than holding your own or inching forward.
Be sure to see our
Self Help Library
If you feel you would
benefit from personal
support while getting
your budget in place
then
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