Organise, budget, and beat stress.

Know what you spend



Establishing a budget, and periodically entering all of your purchases into money managing software, should take the guesswork out of your finances. At the beginning, minor changes will most likely need to be made to your budget. Once you have a finalised budget, one person should be responsible for maintaining the budget and tracking finances. I sit down with my wife on a monthly basis and go over our financial results. If we are close to exceeding a budget line item during the month, I will tell my wife and we adjust our spending accordingly.

Cut down on interest

With bills happening throughout the month, people can find themselves poor one part of the month, and rich during the other. My bank offers free online bill pay, so I take all of my bills, and divide it by 4. I then pay weekly, so I always have the same spending cash each pay. It also cuts down on the interest that accrues.

Sometimes, just listening to the opinions of others opens up our minds to other possibilities we have not thought of, read about or seen in any published material, industry-related text-books or budget specialist tip sheets and ”˜how to’ layouts. All the technical information, procedural and budgeting principles are extremely important if you want to ensure lasting and sustainable change. It is also undeniably true, that in this day and age, collaborating and connecting with others is how we learn.

Utilising online sources, electronic publications and shared experiences, solving common problems together is definitely the wave of the future.

These are mainly for financial issues and mostly your first hour is free. If you are in a real crunch, crises and need a budget fast, but do not have the time, then maybe the internet has the answer for you. Always remember that you are the best-informed decision maker in this process.

Taking control of your finances should challenge, invigorate and excite you. You are taking charge of your life, getting your ducks in a row so to speak and travelling down the road of fiscal responsibility and re-connection.

Handling a money crisis well and realising that family budgeting is only one piece of that puzzle, might be helpful. The expectations, problems faced, context and depth of the crisis, is as important as the steps, procedures, techniques, tools and budget worksheets you end up using.

    • Admitting that there is a problem is normally considered a good first step. Asking for help is a close second. Money-matters make us do strange things. You are probably not the only one facing this situation. Therefore, take heart there is help out there. Even before getting to the how to steps for your own budget, work on your state of mind, immediate need and concerns. Consult a professional financial planner, who will assist you, in all likelihood, through and financial analysis of your situation, assembling facts and information, coming up with solutions, suggestions and alternatives you probably are not thinking of right now. Even when not under pressure or in crisis, when setting up a family budget, gather your thought, emotions, data, receipts, statements, input from others, discuss, consult, assemble, synergize and prepare to succeed. Get the most appropriate, accurate information you possibly can before setting up any expense categories or filling out worksheets. Get and extra set of eyes to look it over, you will not regret it.

    • Rational, clear-minded, level-headed and ready to take on any challenge — include setting up a personal and family budget, income, expense statements, asset-liability summaries, expense categories, line items, amounts, estimates and more. Be committed to succeed, with a positive attitude and financial resourcefulness will serve you well in any situation, no matter what the money crunch or reason for your budgeting need may possibly be.

    • Take responsibility and have realistic expectations.

    • Take some risks when required. Be pro-active and explore your options. Do not hesitate to tackle controversial topics or expenditures, even if it can lead to conflict and disagreement. Couples and finances have always caused some difficulty, so it is all normal. Stabilize your situation, salvage what you can and move on, focus forward. Family budgeting has the past, present and future continuum all covered.

Somone suggested that there are eleven steps in any new money management endevour you undertake where personal interest and stake is high:

Step One:… … … … … …  Change Your Expectations and be Realistic


Step Two:… … … … … …  Tell Yourself the Truth

Step Three: …  …  Decide How to Pay for Necessities

Step Four: …  …  …  Identify Your Assets

Step Five: …  …  … …  Discover How Much You Cost — this is how much you spend and your… …  contribution to the situation and the circumstances

Step Six: …  …  …  … …  Calculate What You Can Afford to Cost — cost cutting and balancing your… … … …  budget

Step Seven: …  … …  Call Your Creditors — dealing with debt

Step Eight: …  …  … …  Quit Paying Late Fees — work with professionals

Step Nine: …  …  …  …  Create a Family Budget - try our budget calculator to assist you

Step Ten: …  …  …  … …  Do Not Ignore the Following: Parking tickets, Fees, Car payments, that…  need to be pulled into your situation to assist you as best they can

Step Eleven: …  … …  Manage Your Money Every Day

It is no surprise then, to even find the ever-popular ”˜budgeting’ concept among these listed must do’s to re-collect, re-orient and return to financial freedom and avert further money-related crises!