A popular New Year’s resolution is to get one’s finances in order—to save more and spend less. But where do you start? How about creating and implementing a monthly budget? A budget is a tool that maximizes revenue while planning for bills and monthly living expenses.
Your budget begins with income. Did you know you can affect your take-home pay by changing your withholding allowances? The more allowances you’re able to claim, the more net pay you receive. You can contact your Money Coach, and have them review your particular situation, to make sure that you are claiming the proper number of allowances.
Now you can concentrate on the spending side of your budget. Your Money Coach can help you create a monthly spending plan. This plan will break down your spending into several major categories. For example, it can review your scheduled debt payments and reveal a positive plan for meeting such payments. Your Coach will also review your expenditures and recommend guidelines for the expense categories, as well as suggest allocations to savings.
Having a monthly budget gives you a blueprint for income and expenses. It gives you real numbers to track, and it ensures financial accountability. It allows you to start that emergency savings account and to do something positive about paying off your debt. Most importantly, it creates peace of mind in knowing that the money you have coming in each month will cover all your expenses, and it stops the doubt and blame of wondering where your money goes.
Contact your Money Coach at 1-888-724-2326 and tell them that your New Year’s resolution is to finally create a budget you can live with, then let them explain the process and guide you toward achieving your goal with scheduled consultations. With your Money Coach, you can finally check off a New Year’s resolution.
We all know that New Year’s means attempting to fulfill resolutions. This year, make a few resolutions that will have a lifelong impact: taking proactive steps to protect your identity from the very real threat of fraudsters and data breaches. Data breaches in 2015 exposed 175,681,126 records,1 and consumers have paid a total of 1.7 […]
1. Get your credit report. Why: Your credit report can inform you of suspicious activity that may mean identity theft. It can also have errors that are fixable, which will raise your credit score once corrected. How: Everyone is entitled to one free credit report every twelve months from each of the three major credit […]
No matter what stage or season of life you’re in, chances are that you’d like to build your savings. However big or small your savings goal is – whether it’s saving more money to prepare for a possible layoff or furlough, for a fancy date night or a vacation, for your kid’s college years or […]
We all know it’s easy to make a list, but completing the list is a whole other ball game. You can write “spend less” or “get out of debt” for your resolutions, but will you actually succeed? We’re here to say, “Yes!” This year, you don’t have to worry about watching the months go by […]