Is an allowance welfare?
I bet you never thought of your children’s allowance as welfare. Think about it welfare gives you money when you don’t work, so does an allowance. In the US it’s common practice to give our children money as an allowance.…
Budgeting
Health and Finances affect work productivity
Did you know that if you have financial concerns it will affect your work productivity? According to the June 2010 issue of Benefits Selling magazine, 65% of employees who are in poor or fair health are living paycheck-to-paycheck. Thirty-four percent…
I can’t budget because I have irregular income
If you have avoided creating a budget/spending plan/cash flow plan, because, “I can’t budget because I have irregular income.” You my friend could not be more wrong. You are more in need of a budget/spending plan/cash flow plan than anyone else.…
Recommended Expense Percentages
Below is a list of the recommended expense percentages for your monthly expenses. Try to stick to the lower end of the recommended range. This way, you will live below your means but still cover your needs. Compare the percentage…
Account for the “unexpected” known expenses
How do you account for the “unexpected” known expenses on a spending plan, budget, cash flow plan (all basically the same thing)? First, let’s define what is an “unexpected” known expense. It really is not an unexpected expense. It is…
Drawing the line
MRHerrera Financial Ministry Drawing the Line Drawing the Line Drawing the line means that when you prepare your budget, spending plan, cash flow plan (whatever name you choose to call it), you need to start with your gross income, give…
Budget forms
If you are looking for another type budget form, you can go to Gail Vaz Oxlade’s web site. The only thing missing from her forms are the tithe. You can easily add it by inserting a row and changing the…
How much can I afford?
Have you ever asked yourself, “How much can I afford to spend?” Let’s say you want to buy a new appliance or maybe a new game or game console or whatever. You have money in liquid savings for your six…
New Year – New Beginnings
Yes, the New Year is upon us and it is time for new beginnings. Take the time at the beginning of this year to get organized. Make sure you start the year with a spending plan Create file folders for…
