123. Tutorial on a (Written) Monthly Cash Flow Plan

This Monthly Cash Flow Plan is going to be a bit more involved than the Quick-Start Budget. But totally worth your time! This is where we get really serious about our budget, money, saving, cutting expenses, and changing our family tree! 

For clarification in the tutorial example I'm assuming I'm making this budget for December 2014 and including Christmas gifts in my budget. 

Here's the direct link to the video: http://youtu.be/PHyEG3B-SIc

Print off the Monthly Cash Flow Plan here and follow the video tutorial: http://www.daveramsey.com/tools/budget-forms/

Dave Ramsey says:

“Budgeting means spending every dollar on paper, on purpose BEFORE the month begins.”

“Having a plan with money doesn’t just help you right now, it also gives you a vision and hope for the end goal.”

“Budgeting for the first time can be scary, but you MUST face your fear.”

“Doing a budget means learning an ancient and powerful word: NO!”

“While getting out of debt, you’ll need to scale back on gifts or outings with family. Have the courage to be real about why.”

Are these tutorials helping you? Please like the video or post a comment so I can get a feel for how many people still are needing help with a budget.

#TotalMoneyMakeover #TMMChapterFour #Budget #Budgeting #MonthlyCashFlowPlan #FinancialFreedom #DaveRamsey

Find the group on Facebook! Dave Ramsey - Financial Freedom

-------------------------------------------------------

Follow me on Twitter! @JWKEagle

Check out my pins on Pinterest! http://www.pinterest.com/jonathanwkey/ 

‪
Also look for the blog's website online with the hashtag:
#‎eaglesoaringhigher

Looking for a particular topic? Please check out the new Table of Contents to see posts listed by topic.  

122. Tutorial "Quick-Start Budget" - YouTube

Tutorial on how to create a "Quick-Start Budget". Hope this helps! Leave a comment, like, and share!

To find the form go to: http://www.daveramsey.com/tools/budget-forms/

“Budgeting for the first time can be scary, but you MUST face your fear.”

“Doing a budget means learning an ancient and powerful word: NO!”

#TMMChapterFour #Budget #Budgeting #MonthlyCashFlowPlan #FinancialFreedom #DaveRamsey #TotalMoneyMakeover #Eaglesoaringhigher

-------------------------------------------------------

Follow me on Twitter! @JWKEagle

Check out my pins on Pinterest! http://www.pinterest.com/jonathanwkey/ 

‪
Also look for the blog's website online with the hashtag:
#‎eaglesoaringhigher

Looking for a particular topic? Please check out the new Table of Contents to see posts listed by topic.  

121. Zero Based Budgetting

Are you on a budget? Have you heard of zero-based budgeting? Why not try a zero-based budget today?

I've found the concept of a zero-based budget to be pretty simple and very useful. The basic concept is: income minus expenses equals zero.

Or... I'm more visual so here's how it looks:

Income - Expenses = $0

That way you know where every dollar is going and every dollar is accounted for. Not knowing where money is going hurts our financial situation, causes stress, and often means we end up with a shortage at the end of the month.

So… Here’s what I’d do:

1. Take a sheet of paper and list all your income for the month. Paychecks, side jobs, child support, etc. Then add it all up.

2. On the other side of the page write down every expense you have each month. This can include rent/mortgage, food, gas, car insurance, internet, cable/satellite, kids school expenses, and everything in between. Every month your expenses will vary so you need to adjust this on a monthly (or weekly/bi-weekly basis).

3. If the income doesn’t match the expenses don’t freak out. This just means you need to do something to adjust one of the numbers down, up, or possibly both.

4. If you spend more than you make you’ll need to make some cuts to help make your income match your expenses.

5. You should have $0 left over. Meaning if you end up with $50 ahead you haven’t finished your budget. Put the $50 towards a category be it your savings (emergency fund), your debt, another expense category, or something else.

6. Remember you are the boss of the budget. It doesn’t control you. You control the budget and adjust it as needed. It is a guide to help you win with money. :)

-------------------------------------------------------

Follow me on Twitter! @JWKEagle

Check out my pins on Pinterest! http://www.pinterest.com/jonathanwkey/ 

‪
Also look for the blog's website online with the hashtag:
#‎eaglesoaringhigher

Looking for a particular topic? Please check out the new Table of Contents to see posts listed by topic.