Ten Great Steps on Personal Budgets

So you want to watch where your moneys going. I going to explain ten great steps on Personal Budgets. You are going to set up a Budget 101 statement. You want to know where all your expenses on insurance, credit cards, loans are going

Where do I Start? Personal budgets

You first sit down and get six months bank statements and list all your expenses and income. Put in the each in a category to see what you are spending.

There is two types of budgets .There is the fix budget where cost remained fix each month. The expenses are the same and income is the same. You can make certain changes with out it changing much.

The variable budget is changing every month or day. In other words you got to have your very best estimates to where your expenses are going and income is in different amounts each month.

For Personal Budget Tips Look at Every Item?

To see if you can save more money in budgeting again look at the bank statements for the last six months. The Optional expenses are the ones that needs the most special attention. Always make adjustment. Study it like you were studying for a school final.

You get to set up even if it is a budget for beginners. The budget will tell you what to do .It is a roadmap. The budget will show you what to spend and where It shows you what you can afford and if you can spread a little extra money on yourself. You are trying to cut your expenses.

It will give you a road map It will hep you set goals for what you want. Saving for retirement, going to buy a house, or retiring debt. Goals will make you try harder.

Get Great Personal Budget Information Click Here

What this Does is Create Financial Freedom from Personal Budgets?

You set up a spread sheet to see how you can cut corners. Financial Freedom is reached when you do not have worry about . You could start looking at your budget every two weeks .You find free money that spend on other things.,

How should a Beginner Budget ?

Beginner wants to know How to make a budget

1 What do you want the budget for

2 Learn about money and Budget Planning

3 Get a Mentor

4 Check all Expenses

5 Follow all money coming in

6 Pay attention for all Optional Expenses

7 Set it up on Spread sheet or APP

8 Check every Two weeks

Great Personal Budget Statistics From Spendmenot

24 percent of millennials demonstrate financial literacy

Financial illiteracy cost Americans 415 billion in 2020

Less than half of US States Students to take courses in Personal Finance

The average credit card debt in America stands 6270

Get more great information at Spendmenot Click Here

Personal Budgets – Why You Need Them

Whether you are trying to get out of debt, start saving for a new home, or are just trying to save a little for a rainy day, personal budgets are important. They allow you to track your spending habits and make a realistic assessment of what you can afford.

The first step in personal financial planning is to set goals for yourself. Then rank those goals from the most important to the least important, and create a plan to achieve them. Some goals you may consider are saving for a down payment on a house, paying off a debt, or even getting a second job.

Once you have set your goals, you can use a personal budget to plan your monthly spending. This will help you determine where to cut back and where you can spend a little more.

If you are paying off a debt, you may decide to delay a purchase until you have reached your goal. You may also decide to delay a vacation until you are in a position to pay for it.

How do people live on Small Budget?

They got to understand the budget process. They have to look at a Fixed Budget and Variable Budget. They look at all expenses and income and set goals. They set up a budget and follow it. They stick to a plan.

How Does a Single Women Create a Budget?

She got to understand her spending habits .Where the moneys going and coming in. Understand Personal Finance and money. Get a spreadsheet or budgeting app. Got to put all the numbers together. Try to follow the budget the best that you can to buy a house, retire, or payoff debt. Learn not to budgeting paycheck to paycheck.

I have given you a lot of information on budgets and how they work. Of all the tips that I given which ones are you going to use. Start a variable or fix budget. Cut back on expenses or make more money. Learn more about money and Personal Finance. Comment Below.

June 17, 2021

How much House can I afford

As a CPA and Realtor I try to Give You a House Buying Guide

I try to explain in the easiest terms how it was like house buying for dummies. I go over timeline for house buying or on house buying on what I can afford

How to Afford House on One Salary?

Look a Salary and future of your job. Look at Mortgage Calculator to get ideas. Get Financial Information together. Get credit reports. Two years tax Tax reports. Talk to three mortgage broker To get best estimate. Deciding house buying or condo.

What House can I Afford for 80000 a Year?

If you do the steps that I explained then if you take the information for June, 2021. You have 1500 month debt, 2.75 interest rate and place 20000 down payment then around 163,000. You put less down and the house value would come down. You should play around with figures with a mortgage calculator.

Steps on Getting a House?

Look on where you want to live. How many bedrooms do you want . How many bathrooms. What about tax credits the governments is giving or moving to a certain area.A big question is the house buying how much can afford and house buying closing cost

Of course the way to get started is to get two or three years tax returns and with the three major credit reports .They are going to ask for three months of bank statements and what you have in savings and retirement accounts. I would get three mortgage companies to look at their fees and get the one with greatest experience.

You are going to be looking around on the multiple listing website or some of the most independent websites. You are looking at different housing possibilities. You want the most for your bucks . Where all the good schools and malls are at.

How much House can I Afford Dave Ramsey Click Here

You again are going to have to find a good real estate agent if you are not one . Check their references out.

You are going to go through the preloan process to approved for a house. In the future you going to find a couple houses that you are interested in. You are going to make some offers and go back in forth to get the final price.

If the house offer is accepted the next step is get the house inspected. Get some one who knows what they are doing.

You got a closing attorney at your meeting with your seller. You got understand the numbers and how much to bring money for the closing

How much House can I afford $40000 a Year?

If you do the steps that I explained them if you take the information for June, 2021. You have 750 month debt, 2.75 interest rate, and place 20000 down payment then around $91000. You put less down and House value would come down. You should play around with figures with a mortgage calculator.

How much House can I Afford Zillow Click Here

It depends on the down payment. It could be anywhere from twenty percent to zero. The more the merry. A lot of lenders would try to get you put twenty percent. Some will go down to six percent . If you are getting VA the down payment is zero.

When they pull up what you are spending every month, they want this. They want to keep spending on debt is limited mostly at thirty eight percent but some might go to forty four percent. The house payment should be twenty eight percent of your monthly expenses.

If you are house buying after bankruptcy it would take effect of course after it falls of your credit report. It could take up to 5 to 7 years . If you got a good job and starting to save money you could start the process.

I tried to give you a house buying checklist. What are you going to use of the tips. You going to use the internet for mortgage calculators, use several mortgage companies for quotes, or choosing the right realtor. Please comment below.

June 3, 2021

Seven Great Questions on Business Startups

As a CPA I going to give a lot Information from my Experiences with Startups

Business Startups are a Journey and only a few make it The people who try it have got to have a lot of guts and have great plan. You are going to have a lot ups and downs. There was a lot of Business Startups 2000 and Business Startups 2021 because of Covid 19 . You could even buy Business Startups for sale or Business Startups for college students.

How to Start a Business Under 10 K?

There is a lot of businesses hat you can start under 10000. You got to evaluate the business and have a business plan . Set up a budget and follow where your expenses are going. You could purchase a franchise . Even a Brick and Motor or online business. You cold get a truck and delivery products. You could rent and office and do accounting services .These ideas are for Business Startups under 5000, 1000,

What is the Cheapest Business to Start?

That is Easy. The cheapest business is he Internet Business . Where all you need is a computer, get web hosting , set up a blog or website. You can sell your on products or affiliate products. It cost you a couple of hundred dollars to get started

How about Business Ideas on a particular business Click Here

What are the Four Types of Business?

1 Sole Proprietor There is one owner with limited Liability The shield from lawsuits is low

2 Corporation You are an entity with a few shareholders or a lot You are shield from lawsuits that is lot larger if structured correctly

3 Partnership You have an entity where there can be a couple of partners or several and they share in losses and profits.

4 Limited Liability Corporation Similar to Corporations but easier to set up This is what most people are setting up

Some Interesting Statistics on Business Startups?

These are the top trends of 2020

40 percent of the business owners spend time on administration duties

25 percent did not like corporate america

53 percent want to be their own boss

1 out of 4 were businesses were owned by immigrants

39 percent want to pursue their passion

70 percent of US entrepreneurs start a business at home

Comparecamp

Startup Business Ideas ?

These best are businesses to start with little Money.These are great business ideas in 2020 and 2021

Home contractor, Accountant, Tutor, House Painter, Photographer, Hairdressers, Event Planner, Errand Service, Blogger, Landscaper, Dog Walker, Courier, Flea Market, Freelance Blogger

What Business can I Start with 300k or is 20000 Enough to start Business?

You can start a business with 300000 easily but 20000 is going to take some effort. You first get a good business startup plan. Not one of these that say that you going to make million dollars the first year. What are good startup business. The ones that have a good past history and record of good financial proof. They have good business startup business plans showing where all the expenses are going and how much money you are going borrow. Getting a business startup loan with bad credit is very hard

Ten Simple Rules For Business Startups Post Click Here

There are Number of Things to be Concerned about Business Startups?

If you try to start a business while you are still employed at a regular job. Try to get your clients first .Money coming in is lot easier when being on budget.

You need a business plan to have a road map to know where you are going.

When I started out in my business I made sure that I knew as much as possible about sales, accounting, management and where I was going to get money from.

Talk to professionals for advice.

Get legal advice from attorney. Ask an accountant about entity structure like sole proprietor or sub chapters corporations and accounting software. You need insurance advice from a broker on insurance needs like auto ,liability, and property coverage.

Tools for Startups Click Here

Get serious about the business but love it.

Have a good idea about cash flow and how it is going to be from month to month. This is the main reason business do not make it. A good business plan will show you the road each stage that you are going to travel.

Most people startup business because it gives them the freedom to set their own schedule but do not overuse this idea by not doing any work . Successful business owners have a desire to succeed but hiring employees do not feel the same mind set

Tricks for Startup Business Post Click Here

Start with a few ideas, choose one idea, Plan your idea and guard against failure.

I have given you a lot of ideas and tips about Business Startups. What it takes to form one, how much they that they cost, and different types. With all the data what are you going to do first. Please comment below.