Welcome, visitor! [ Register | Login

Post an Ad

How to Develop a Spending Plan

Financial recovery July 13, 2021

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

486 total views, 1 today

  

  • Debt Collectors -Recovery Services - PA & VA

    by on September 23, 2021 - 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 August 31, 2021 - 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, […]

  • Personal Financial Management Course (Debtor Education) Providers :Alabama Southern

    by on July 24, 2021 - 0 Comments

    List of  Personal Financial Management Course (Debtor Education) Providers #02 Certificate Class 713 Preston Place Grapevine, Texas 76051 Toll Free:  (888) 533-3423 Phone:     (817) 533-3423 Fax:          (817) 533-3423 Web: www.jjandpartners.com Allen Credit and Debt Counseling Agency 195 Brook Street E Wessington, SD 57381 Toll free:   (888) 415-8173 Phone:     (605) 458-2500 Fax:         (605) 458-2506 Web: www.acdcas.com Alliance Credit Counseling, Inc. […]

  • How to calculate Monthly Income and Expenses - Case study

    by on August 24, 2021 - 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 October 6, 2021 - 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 […]