Free Financial Budget Plan,
Budgeting Advice and
Money Tips
Financial budget plans and budgeting advice go hand in hand with our debt consolidation loan and service plans to reduce overall monthly debt. After our debt consolidation and credit counselors create a plan to save you money on interest fees, they will help you establish a financial budget plan and give you expert budgeting
advice to help you create a livable monthly household budget.
Our debt consolidation and credit counselors have the expertise and experience to not only secure the lowest acceptable payment required by your creditors but to help you allocate your savings in a financial budget plan
as well as budgeting advice that can alleviate the financial worries that stress family relationships. Here is a sampling of what you can expect.
Stop
Spending-Leaks
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Decide on needed items and plan how much can be spent BEFORE going shopping
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Always use a shopping list
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Buy only planned for items
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Compare price and quality before buying, especially on expensive purchases
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Use credit only when it is necessary
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Return poor quality or defective items to the seller
If you do you will better beat…
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Impatience--they want it right now.
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Impulse buying
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Getting into too much debt
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Lack of self-discipline in saving money so it can work for them.
Learn to recognize the "triggers" in your surroundings that got your attention and tempted you to buy.
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Avoid exposing yourself to things which will tempt you to spend. Stay away from the stores except when you have something you absolutely need to buy. Make a list and stick to it when shopping and then leave the store. Just browsing can lead to buying.
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Plan your shopping. Go with a purpose in mind. Use that list! Extras you don't really need can certainly push up the total at the cash register.
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Limit your number of trips to the store or the mall.
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Don't shop in a weakened condition--by shopping when hungry, tired, or depressed you may find you will have a tendency to overspend.
Before spending your money, think through the decision making process:
- What are my financial goals and my priorities? Will this help me reach my important goals ?
- What are my alternatives? Should I buy? Do without? Continue to use what I already have? Make it instead of buying it? Borrow someone else's? Substitute something less expensive? Rent instead of buy?
- If you do decide to buy, do some comparison shopping. Comparison shopping is important when making major purchases and for repeated purchase of relatively inexpensive
items. (Ex:small household appliances) Gather reliable and accurate information. Compare the alternatives. Make a decision and take action. Then evaluate your decision.
You may have made reclaimable deposits on your:
Spending guideline percentages may be useful as you examine your spending habits. These spending guidelines are for comparison purposes ONLY. They are NOT hard and fast rules. One family may choose to spend forty percent of their income on housing and less on clothing, and transportation. Another may choose to spend more on transportation and less on housing. It's up to you to decide your priorities. These figures are from the Department of Labor Consumer Expenditure Survey. Remember--these show only the average expenditures of surveyed households, NOT the amounts families should spend. You can see housing, food and transportation take about two-thirds of the family budget and about one-third goes for all other expenses. That's where the challenges of money management come in.
| Housing |
31.8% |
| Food |
15.6% |
| Transportation |
17.6% |
| Clothing
& Services |
7.1% |
| Health
Care |
4.6% |
| Entertainment |
5.6% |
| All
Other |
17.6% |
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