Budgeting Strategies For Busy Families Plr Ebook

Product Price: $17.95
SKU: 20945

Table of Contents


Chapter 1:
Understand Your State Of Affairs

Chapter 2:
Set Financial Priorities

Chapter 3:
Write It Down

Chapter 4:
Limit Non-Essential Spending

Chapter 5:
Pay Yourself First

Chapter 6:
Pay Down Credit Cards

Chapter 7:
Build A Portfolio

Chapter 8:
Ways To Save Money At Home

Chapter 9:
Finally….Some Fun Budget Stuff

Sample Content Preview


It’s so crucial to set your financial priorities in life as this may help secure your financial future. Too much stress could come from mishandled funds. Some individuals might make mistakes in setting their financial priorities like saving more for their children’s college education and a lesser for their own retirement.
Set Goals

You should understand how to prioritize your financial goals so that you’ll stay pleased and financially stable as you get older in life. This doesn’t mean that you don’t consider the future of your kids but you’re just setting your financial priorities in order.

Set an amount monthly for food, water and shelter as these are your primary needs. You need to think about buying various healthy foods and attempt to avoid unneeded snacks that are unhealthy. You likewise need to do your best in your present job as it’s your source of income to pay for your utility bills, home mortgage or rent, and groceries. This is where you start setting your priorities straight.

A few individuals are so frugal on their grocery shopping, they disregard their health needs just to buy expensive gadgets or airplane tickets for a leisure time. Observe that attending to your own daily needs is your duty and priority to prevent evading the rent or house mortgage, utilities and other crucial matters for well-being particularly if you have a family.

Occasionally this could be the cause of disagreement between man and wife for they’ve different views when it comes to income management. The other mate wants to spend most of the money and isn’t afraid of financial debt while the other one prefers to save something for the rainy days or an emergency. Be a good role model to your youngsters as they think highly of you as a parent.

Pay your charge card debt if you have any. Paying-off the charge card with the highest rate of interest then followed by the ones with lower rates of interest is the best thing that you can do in order to eradicate your entire charge card debt. Purchase things or goods with cash as much as possible and contain your spending habits.

Prevent over using your charge card so that you’ll be able to continue to have access to your accounts if you truly need it. Some individuals, who were working and never bothered to save for an emergency fund and over used their credit, now have nothing. You don’t want to be in a spot where you’ve no earnings and can’t even access your credit cards because your accounts are closed.

Center on saving enough cash for your emergency fund particularly when all of your credit card debt is paid-off. This is really crucial in case of a job loss or other major unforeseen things that might happen to you or anybody in your family. Avoid the enticement of purchasing things that you are able to just live without and center on building your emergency savings.

Setting your financial priorities should be your principal ambition. Have a clear list of the crucial things that will cover your monthly expenses and finances and number each item from the highest to the lowest with regards to their importance and need.

Step-up your 401(k) or a 403(b) contribution and retirement savings if you already have enough cash savings for your emergency fund. Try to save 15%-20% of your salary for retirement.

Try to save for your retirement before saving for your youngsters’ college education. When your youngsters grow up, they can use student loans, get scholarships or attend a good community college or state university where it’s more affordable. As you consider their future, you likewise need to think of your golden years.

Capitalize on free training opportunities. Attending free seminars and trainings to advance your knowledge is a very good investment for your future. Setting career goals in life is really crucial as the job market is highly competitive.

Revise or update your will to make certain that your wishes are secure and accomplished. You need to have estate planning regardless how small your estate is. Some individuals will just assume that their assets and possessions will automatically pass to their family but without a legal will, the State might step-in and allocate your property or estate.

Valuate your insurance coverage. Check whether your car and homeowner policies are updated and their deductibles are fair. You might seek life insurance particularly if you’re the head of the family working full-time. You may likewise think about buying long-term-care insurance, to aid you in paying for nursing care or assisted-living when you get old.


Perhaps you thought you knew how much you spent on mega lattes, till you saw the numbers in front of you. For most individuals there is $65-$85 a month in savings or more than $750 a year. Leave out Starbucks and eating out every day.

Stick To it

In today’s domain there are very few individuals who take the time to produce a personal budget. Some individuals don’t see the value in doing so; others merely have no desire to confine their spending habits. With this in mind, it should surprise no one that the number of personal bankruptcies has achieved an all time high. Individuals have achieved a point in our society where they purchase on impulse with no thoughts to the outcomes. In order to reverse this trend individuals need to become more responsible with their forms of spending. Among the best tools to help a person achieve this conduct is the personal budget.

A personal budget is a financial plan which sets bounds on the sum of money that will be spent on each category of expenses in a given month. A beneficial budget will take into consideration such elements as: the amount of income being obtained, owed debt to be retired, retirement savings, and an emergency fund.

A lot of individuals have no idea precisely where or how they spend a good portion of their income. How many times have you taken money from the ATM only to realize a few days later that it’s gone? Many times it’s hard to remember how precisely you spent the money, and frequently this money is wasted on frivolous buys. A budget will help avoid this by making an individual accountable for the income that they spend. If an individual only has $50 left for monthly food expenses then they might decide to give up purchasing that fancy $3 designer cup of coffee.

A different benefit is that a budget depicts an accurate idea of how much a person can actually afford to pay for assorted consumer items. Whether it’s a home, a car, or a new TV set, an individual will be able to ascertain whether or not a particular purchase will fit within their monetary constraints. This acts as a precaution against getting in over your head financially.

It’s crucial to realize that merely creating a budget isn’t enough. This in and of itself will do an individual absolutely no good if he doesn’t discipline himself to stick to it. Occasionally this will very hard, especially if an individual has founded the habit of freely spending without an afterthought. However, the long-run advantages of financial freedom, debt free living, and a comfortable retirement far outbalance any potential difficulty.

Other Details

- 1 Ebook (DOCX, PDF), 46 Pages
- Ecover (JPG)
- File Size: 10,387 KB
- Household Budget (XLS)
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