Financial Friday: Part 2 Setting up a monthly budget

Part 2: Setting up a Monthly Budget
by Alice Shaffer
The Financial Nanny

I left you with some homework last week. To gather all the bills and income you have as well as writing down all the money you spend. Did you do it? If you did not-then work on it this week! If you did-awesome you can move on to step 2 in the process of making a budget.I hope that you have gathered all your other expenses as well in your notebook.This week we are focusing on your fixed expenses and flexible expenses. I have prepared a spreadsheet for you to enter your info into. This is on Google documents called Monthly Expenses. This is where your expenses from the past week go. You should be able to edit it and copy it into your own google documents account via gmail. If that doesn't work, let me know and I will try to help you another way.

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Financial Friday: Getting ready to start a budget

by Alice Shaffer
As I have mentioned, being a professional live in nanny has wonderful benefits and sometimes a downfall of falling into debt. I have been working with a budget lately and wanted to help others set one up so they can be as financially responsible.
Over the coming weeks, I am going to share with you how to set up a budget along with weekly homework assignments that help you get to the next step in making a budget.
This week we will gather money totals for everything - money coming in and money going out. I suggest getting a one subject notebook for your budget and keeping things together. We will eventually put the budget on a spreadsheet so that it will do the calculating for you.


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