Enough talking about it here it is....
When you enter this website you have the "tool bar" at the top of the page, if you click on "tools" it will take you to a page where he has all kinds of budgets, and financial planning tools, and debt freedom calculators, ect. The first place to start is on the "monthly budget" this will allow you to input your estimated monthly income and place your estimated spendings into categories and you will see the calculations automatically take place right before your eyes. In my opinion the best budgeting tool he has the weekly/bi-weekly budget....it is AWESOME!!!! I absolutely love it! Once you get your estimated income for the five weeks that he has spread out, you can go thru and put in your expenses over the month and see exactly where each and every dollar is going.
This is important....if you get all your expenses put in and you have a "yellow bar" still, then you need to put that money somewhere. The VERY best place to put extra money that you don't have a place to spend it is in the savings column. You should already be saving a certain amount per paycheck already, if you are so lucky as to have extra money once things are allocated, then add the remainder to your savings, or giving’s column.
Once you know exactly where EVERY SINGLE DOLLAR is going BEFORE you even get it, this will help you in ways that you wont even know until you experience it. The goal of doing the budget is to bring the dollar amount that is not spent to EXACTLY ZERO and Joe says. Becuase they you are have accounted for every dollar.
Try this out, if you need help, email me.
Like I always say, if you have any comments, suggestions, or would like to add some tips feel free to contact me or post a comment on this blog.
Thanks for reading!