If yo
ur expenses exceed those shown on this card, then your are probably in trouble financially.- A budget is a guide for your spending
- A budget lets you control your money instead of Vice-versa
- A budget lets you know if you are living within your means
- A good budget allows you to save for the future
- A good budget frees up money for extras
- A budget allows you to focus on your goals
- A budget allows you to prepare for emergencies
- A good budget often leads to a good marriage and vice versa
- A budget will reveal areas where you are over spending
- A good budget keeps you out of debt
- A budget creates extra money by good management practices
- A budget lets you sleep without worries over bills
BASIC MONTHLY MONEY RULES
- Take your Yearly Take Home Pay after taxes and divide by 12 (You now have your monthly take home amount)
- Now-Break down your expenses by percentage of monthly pay:
- Take your Yearly Take Home Pay after taxes and divide by 12 (You now have your monthly take home amount)- Now-Break down your expenses by percentage of monthly pay:
1. Your rent should be less than 30% of your monthly take home pay
2. Your car payment should be less than 12% of your monthly take home
3. Monthly Utilities (lights, gas, water, telephone) should be less than 12%
4. Monthly food should be less than 16% of your take home pay
5. Credit Cards should be less than 10% of your take home pay
6. Savings should be 10% per month
7. All other expenses should be less than 10% (total %=100)
2. Your car payment should be less than 12% of your monthly take home
3. Monthly Utilities (lights, gas, water, telephone) should be less than 12%
4. Monthly food should be less than 16% of your take home pay
5. Credit Cards should be less than 10% of your take home pay
6. Savings should be 10% per month
7. All other expenses should be less than 10% (total %=100)
Your credit
score is one of the most important factors in your financial life. The current recession makes it even harder for consumers to get approved for a loan or line of credit which is why it is so crucial to have good credit.
If you have good credit and can afford to make purchases during this time you can get some great deals. However, if you are already in debt, don’t have an emergency fund, savings account or retirement account you need to reevaluate your spending habits. While you are working on improving your spending habits you can also follow these 5 tips to boost your credit score so when the time is right you can make a purchase and get the best deal possible.
1. Change your mindset. You have to change the way your currently spend money and develop good spending habits so you make good choices when making purchases, buy in terms of needs vs. wants.
2. Get current on late bills. Pay old or late accounts immediately. Setup payment plans for bills that cannot be paid in full.
3. Establish credit. Open a secured account if you have bad credit or no credit to re-establish credit history. Use non-traditional forms of credit to establish history such as Pay Rent Buy Credit (Payment Reporting Builds Credit), www.pbrc.com.
4. Keep balances low. Keep your credit card balances at 50% or below the credit limit. This shows you have good spending habits are not seen as a credit risk.
5. Don’t open new accounts. Don’t open any new accounts more than once every year when trying to improve your credit history. You will be seen as a credit risk and this will lower your credit score.
score is one of the most important factors in your financial life. The current recession makes it even harder for consumers to get approved for a loan or line of credit which is why it is so crucial to have good credit.If you have good credit and can afford to make purchases during this time you can get some great deals. However, if you are already in debt, don’t have an emergency fund, savings account or retirement account you need to reevaluate your spending habits. While you are working on improving your spending habits you can also follow these 5 tips to boost your credit score so when the time is right you can make a purchase and get the best deal possible.
1. Change your mindset. You have to change the way your currently spend money and develop good spending habits so you make good choices when making purchases, buy in terms of needs vs. wants.
2. Get current on late bills. Pay old or late accounts immediately. Setup payment plans for bills that cannot be paid in full.
3. Establish credit. Open a secured account if you have bad credit or no credit to re-establish credit history. Use non-traditional forms of credit to establish history such as Pay Rent Buy Credit (Payment Reporting Builds Credit), www.pbrc.com.
4. Keep balances low. Keep your credit card balances at 50% or below the credit limit. This shows you have good spending habits are not seen as a credit risk.
5. Don’t open new accounts. Don’t open any new accounts more than once every year when trying to improve your credit history. You will be seen as a credit risk and this will lower your credit score.
Congratulations to the Carolina Panthers for a great win on Sunday! We faced a real challenge going up against one of the best teams in the AFC, the San Diego Chargers. Quarterback Jake Delhomme, back from elbow surgery, went 23 for 41 with 247 yards passing. The most exciting play of the game was the last play, which was the game winning play. Dante Rosario caught a touchdown in the back of the end zone with no time left on the clock, and this was Jake's 14th game winning drive. Our next game is at home this Sunday @ 1:00 against the Chicago Bears, tailgating is strongly encouraged!!PS PREFERRED LIST
Come out all entrepreneurs and friends who support us to join us at Café Siena inside of the Holiday Inn Cen
ter City (5th Street) for our Afterwork Network and Flirt on Friday, September 12! This is FREE FREE FREE to the public 
Come out, bring plenty of business cards, and be prepared to meet a diverse group of people who want to network just like you…and as always, you never know who you might meet!
FRIDAY’S DRINK SPECIALIN CAFFE SIENA$6 Margaritas$6 Infused Martinis$3 Coronas
ter City (5th Street) for our Afterwork Network and Flirt on Friday, September 12! This is FREE FREE FREE to the public Come out, bring plenty of business cards, and be prepared to meet a diverse group of people who want to network just like you…and as always, you never know who you might meet!CALLING ALL VIRGOS BECAUSE YOURS TRULY IS ONE. MEET ME ON THE YACHT!!!!
For more information call Coretta at 704-492-0069.P.S. We bring the event so you can party!!!!!!!!!!!!
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