Welcome, visitor! [ Login

Post an Ad

How to Develop a Spending Plan

Financial recovery September 8, 2022

Develop a Spending Plan

A good way to start taking control of your financial situation is to develop a personal spending plan. A spending plan is a step-by-step plan for meeting expenses and financial goals in a given period of time.

 

How many of you already have a spending plan? What are some of the benefits of a spending plan?

 

Following a spending plan:

  • Helps you know what your income and expenses are every month
  • Reduces the anxiety of not being able to meet your expenses
  • Gives you a sense of control over your money because a spending plan is all about choices—choosing how to use your money
  • Helps you build assets that will improve the quality of life for you and your family

Spending Plan Tools

 

Keeping accurate records helps you successfully implement and follow a spending plan. Here are some recordkeeping tips:

  • Keep financial records in a safe place or in a safe deposit box.
  • Organize your files so it is easy to find important financial information.
  • Keep your tax records for at least three years.

No Tags

881 total views, 1 today

  

  • Debt Collectors -Recovery Services - PA & VA

    by on December 8, 2022 - 0 Comments

    Entity Address Telephone Monarch Recovery Management, Inc. 10965 Decatur Road, Philadelphia, PA, 19154 (215) 281-7500 Monarch Recovery Management, Inc. 9350 Ashton Road, Suite 101, Philadelphia, PA, 19114 (215) 281-7500 Central Credit Services, Inc. Five Neshaminy Interplex, Suite 117, Trevose, PA, 19053 (215) 333-2272 Tate & Kirlin Associates, Inc. 2810 Southampton Road, Philadelphia, PA, 19154 (215) […]

  • Credit Counseling Agencies :EASTERN DISTRICT OF NORTH CAROLINA

    by on November 13, 2022 - 0 Comments

    Alliance Credit Counseling, Inc. 13777 Ballantyne Corporate Place, Ste.100 Charlotte, NC  28277-3433 Phone:  888-594-9596 Fax: 704-943-0313 Email:  kevin@knowdebt.org Website:  www.acc.consumerbkcenter.com, www.crisishelp.org, www.knowdebt.org Debt Management/Credit Counseling All Names Used: Alliance Credit Counseling, Inc., AAAlliance Credit Counseling, Inc., AAA Alliance Credit Counseling, Inc.  Addresses: 15720 John J. Delaney Dr., Ste.100, Charlotte, N.C. 28277, 7621 Little Avenue, #100, […]

  • How to calculate Monthly Income and Expenses - Case study

    by on November 6, 2022 - 0 Comments

    Monthly Income and Expenses   Once you know your monthly expenses, you can use a Monthly Income and Expense Worksheet (similar to the one on page 8 of your Participant Guide), a money management software program, or an online budgeting worksheet to determine: How much money you have coming in (income) How much is going […]

  • 5 Tips for Getting the Most From Your Credit Card

    by on December 21, 2022 - 0 Comments

    Pay on time. Paying your credit card account on time helps you avoid late fees as well as penalty interest rates applied to your account, and helps you maintain a good credit record. A good credit record leads to a higher credit score, which helps you qualify for lower interest rates. Know the date your […]

  • Credit Repair: Have You Been Victimized?

    by on November 22, 2022 - 0 Comments

    Have You Been Victimized? Many states have laws regulating credit repair companies. State law enforcement officials may be helpful if you’ve lost money to credit repair scams. Don’t be embarrassed to report a problem with a credit repair company. While you may fear that contacting the government could make your problems worse, remember that laws […]