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Get Back on Track: Initiate Budgeting & Teach Children the Importance of saving

 At times saving on your money may not seem to be that simple as a task, but you need to be more organized with your money. So while thinking of opting for budgeting you need to gather all financial statement that you possess. These could include bank statements, investment accounts, recent utility bills and any information regarding a source of income or expense. Your major intention for doing this is for creations of a monthly amount spend on average basis. So the more information you avail, the more it is good for you. Finally, these details will let you figure out where from you are obtaining the money, how much is saved there and where all you are spending those.

Next step will be to enlist your monthly expenses. This will include mortgage payment, car payments, auto insurance, groceries, utilities, entertainment, dry cleaning, auto insurance, gas bill, clothing expenses, cable bill, telephone bill, and essentially everything you spend your money on. Side by side, you should keep a track of the major source of your income. If you get your salary as a monthly paycheck from which your taxes get automatically deducted, then keep a note of the net income, or the take home amount. If you are a self employed person or you have any other source of income like Child Support or Supplemental Security Income (SSI) you should never forget to add that income as well in the list. These total incomes, from various sources should be taken as the monthly amount. Lastly, you need to add all your monthly incomes along with the expenses. If you get a result, wherein you figure out that your income is much more than your expenses, then you are already on the right track. If not, you have to take steps from next month onwards.

read more:http://voices.yahoo.com/how-put-forth-effort-back-track-initiate-12243278.html?cat=25
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Budgeting 101
Everything You Need to Know About Budgeting

Budgeting lies at the foundation of every financial plan. It doesn’t matter if you’re living paycheck to paycheck or earning six-figures a year, you need to know where your money is going if you want to have a handle on your finances. Unlike what you might believe, budgeting isn’t all about restricting what you spend money on and cutting out all the fun in your life. It’s really about understanding how much money you have, where it goes, and then planning how to best allocate those funds. Here’s everything you need to help you create and maintain a budget.

1. Budgeting Basics
Do you know why a budget is so important? On the surface it seems like creating a budget is just a tedious financial exercise, especially if you feel your finances are already in good order. But you might be surprised at just how valuable a budget can be. A good budget can help keep your spending on track and even uncover some hidden cash flow problems that might free up even more money to put toward your other financial goals.

read more:http://financialplan.about.com/od/budgetingyourmoney/tp/budgeting-101.htm
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10 Tips for Staying on Budget

You have a big expense coming up. You need a better car, or a bigger home, or you w­ant to go back to college. What do you do? Borrow, borrow, borrow -- right? Well, maybe not.
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­If you've created a budget, you know exactly how much money you have coming in, and how much is going out. You can make some plans concerning that big expense. But if you don't have a budget plan, you probably don't have a very good picture of your finances, and you may be tempted to borrow more money rather than squeezing all you can from your income. It's definitely better in the long run -- for you and for your money -- to have a budget.

read more:http://money.howstuffworks.com/personal-finance/budgeting/10-tips-for-staying-on-budget.htm#page=0

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When Doing Nothing Is NOT a Viable Option Call US Money Management

Just like a cancer if left alone debt will accumulate and take over your life. If you knew you had a health problem would you just ignore it and let it go? Even if you knew there were answers out there that could stop it and make your life 100% better? Well this is the case with carrying to much debt. It overwhelms you and if left alone can literally ruin your life. So ignoring it is definitely not an option. There are many options out there and I guarantee there’s one for you. Do your own research and then call so we can initiate your plan. Or, call US Money Management and we will discuss your options together. Together we will devise a plan that will have you heading down the road to financial freedom and happiness once again! Call today there is no obligation and the call is free! 1-877-223-299

read more:http://usmoneymanagement.com/when-doing-nothing-is-not-a-viable-option-call-us-money-management/
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