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I Have A Hard Time Handling Money; I Need A Mark Ramsey-esque Person To Help Me!?

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I Have A Hard Time Handling Money; I Need A Mark Ramsey-esque Person To Help Me!?

Postby Fremont » Sun Oct 01, 2017 10:30 am

The foundation of any budget is good bookkeeping. You need to track your income and your expenses. Set up a budgeting worksheet on Excel, or get Quicken. Quicken will be easier to work with, but it will cost about $60. I listed the categories to start below. Add or delete categories as needed. Each column in Excel should be one month. Each row should be 1 expense category. Make sure to reconcile your checkbook each month. Failing to reconcile your checkbook is like having a condom, but not using it.


Enter income items with a "+" and expenses with a "-". The bottom entry called Surplus/Shortage (Spendable income) should be the sum of all the income and all the expenses. If the bottom entry is a "-", then you need to reduce your expense somewhere

There are two types of expenses: Fixed expenses and variable expenses. Expenses such as , mortgage, and car payments are fixed expenses. You can't reduce them without refinancing your house or moving to an apartment with lower rent.
Other expenses are variable. You have some control over those. Examples are how often you eat out, whether you go to expenses or inexpensive restaurants, whether you have cable TV, and if so whether you have an expensive or inexpensive package. More examples: Do you plan to get a cell phone? If so, will it be one with texting and internet (expensive), or simply one which allows you to make and receive calls without texting and internet. You control variable expenses. These are the ones which you can reduce.


There are some items which are a bit harder to budget. For example, you pay for homeowner's or renter's insurance once a year. Take the bill divide it by 12, and add it to your expenses monthly as an accrued item. Some expenses are unpredictable. For example, you know that your car will eventually need an expensive repair, but you don't know when it will happen. Go through your check register for the last 24 months. Add up all the unexpected items and divide by 24. Then enter that amount on your budget each month.


I suggest you get a book called Bookkeeping for Dummies by Lita Epstein. Please don't be offended by the name. For Dummies is a publishing company. They contract with top authors who are both experts in their field and have the ability to put concepts in simple English.


INCOME:

Wages and Bonuses

Interest Income

Investment Income

Miscellaneous Income

Income Subtotal

INCOME TAXES WITHHELD:

Federal Income Tax

State and Local Income Tax

Social Security/Medicare Tax

Income Taxes Subtotal

Spendable Income

EXPENSES:

HOME:

Mortgage or Rent

Homeowners/Renters Insurance (actual amount paid)

Property Taxes (actual amount paid)

Home Repairs/Maintenance/HOA Dues

Home Improvements

UTILITIES:

Electricity

Water and Sewer

Natural Gas or Oil

Telephone (Land Line, Cell)

FOOD:

Groceries

Eating Out, Lunches, Snacks

FAMILY OBLIGATIONS:

Child Support/Alimony

Day Care, Babysitting

HEALTH AND MEDICAL:

Insurance (medical,dental,vision)

Out-of-Pocket Medical Expenses

Fitness (Yoga,Massage,Gym)

TRANSPORTATION:

Car Payments

Gasoline/Oil

Auto Repairs/Maintenance/Fees

Auto Insurance

Other (tolls, bus, subway, taxi)

DEBT PAYMENTS:

Credit Cards

Student Loans

Other Loans

ENTERTAINMENT/RECREATION:

Cable TV/Videos/Movies

Computer Expense

Hobbies

Subscriptions and Dues

Vacations

PETS:

Food

Grooming, Boarding, Vet

CLOTHING:

INVESTMENTS AND SAVINGS:

401(K)or IRA

Stocks/Bonds/Mutual Funds

College Fund

Savings

Emergency Fund

MISCELLANEOUS:

Toiletries, Household Products

Gifts/Donations

Grooming (Hair, Make-up, Other)

Miscellaneous Expense

Total Investments and Expenses

>>> Spendable income
Fremont
 
Posts: 55
Joined: Fri Jan 10, 2014 2:11 am

I Have A Hard Time Handling Money; I Need A Mark Ramsey-esque Person To Help Me!?

Postby FIynn » Wed Oct 04, 2017 4:33 pm

My innovations in this occasion are: one million) The Boulder CO police could have performed a extra valuable job investigating the crime if that they had long gone to the community Kindergarten type & positioned them in fee of the case. 2) whilst the Police have been presented extra matured help interior the case they declined. It replaced into months previously they finally admitted that they have been out of their league. 3) The Ramseys hindered their very own daughters homicide study, via digging of their heels & refusing to be interviewed via investigators whilst they found out that they have been being taken care of as suspects. of direction they had to be investigated as suspects till they're cleared, this is customary proceedure that could have been positioned aside early on had they cooperated. 4) The Ramseys loss of cooperation further hindered the study as a results of fact they acted extra like suspects than worried dad and mom. Their criminal council replaced into of course partly liable for this. 5) John Mark Karr single handedly delivered this occasion back into the easy after it sat chilly for extra that 10yrs. he's a ill guy or woman, & no count if or no longer he definitely has something to do with the homicide of Jon Bennet Ramsey will could be desperate via DNA information, as a results of fact apparently he might confess to the assasination of Abraham Lincoln if he theory it might do him any stable.
FIynn
 
Posts: 66
Joined: Sat Feb 15, 2014 5:06 am


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