Just being aware of what you are spending and where you are spending it is a great first step. There are many online budget solutions available online. However printing a worksheet, scratching it up and starting to get in the habit of not forgetting important line items (even if it is only $1 towards them) will help get you in the habit of preparing for each item. We have put together the following printable worksheet to help get you thinking about your budget.
Please make a list of all expenses not associated with the monthly budget. Add them up and divide by 12. These expenses would include things you know you need to plan for but maybe think about at the last minute; Holidays, Birthday Parties, Presents, Vacations, Car Repairs, Tabs, Hair Appointments etc. This will be the amont of money you need to allot for each month in Allocated Savings. Keep in mind this is a revolving door sometimes, but this allows you to plan!
TV can be a source of information, entertainment, social and family time. However it is not created equal $$$ Depending on where you live, depends on your options. We personally have a 60 free channels from a $60 antennae purchased on amazon but we used to be a cable household and spent a lot more money. Who knew??
To be able to work and play there are multiple providers of wifi. This isn't necessarily a referral situation or a cost comparison situation. It is what works in your house or building. Signal can be tricky. We encourage you to check your connection speed to see what works best for you..
Simple. . . use what you subscribe to.
Music, TV, Magazines, $1 Shave Club, whatever. . . but use it otherwise it is a waste of money. Ask yourself do I need this or do I need another _______?
One of the best habits you can get into is to: Pay yourself first. . . . Set money aside for a rainy day . . . Live off only 80% of your paycheck. . .. If you have a two income household, live off one income. There are many financial resources available online or Financial Peace classes are offered at local churches or the YMCA.
Giving back matters and the cause you choose is personal, but you too can make a difference in an organization. Discover what you believe in and what you are passionate about and help propel it to go forward. There are many local organizations and churches who would love to share their mission. Start making a difference today.
You are the only one responsible for your credit and your credit creates opportunities. Take care of it, monitor it and build it. There are many online FREE options to check your credit reports.
To function in today's day in age, you probably need a credit card to gain credit. Use it wisely, pay it off monthly and don't get over your head. It is much easier to start with good habit and living within your means than the opposite.
Many professionals in our community offer the following services. They all range in cost, service, personality and specialty. We would recommend you talk to multiple people who you personally respect and ask them for a referral.
Pierce County (or anywhere) can be expensive but there are always creative ways to stretch your housing dollars. Besides renting an apartment or house consider renting a room, getting a roommate, being on the hunt for a mother-in-law or accessory dwelling, potential partial work for rent (lawn care, handy-man or woman, nanny or in home care). If you are in the market to purchase consider purchasing a duplex or multi-plex and renting out the other unit(s). Housing remains in our referral section because the more people looking for what you want the better. Don't be shy to ask on social media and have people private message you back with responses.
Whether you decide to keep your money in a mattress or one of our local banks or credit unions you should compare interest rates, benefits locations and how accessible your money is when you need it. When it is time to invest your money you will want to talk to a financial advisor with experience.
You typically don't need an attorney until . . . you need one. Ask around and there might be a friend of a friend who . .. when and if you need one you will know who to call. Multiple online options for diy document prep (wills, power of attorney, etc) are also on the web.
Someimes you should just leave it to the professionals. Accountants know the ins and outs how to save you money. If you have anything more than a short form, a little research goes a long way.
Insurance is a must . . . but how much and what kind is up to you. You need car insurance to be legal. You need homeowners to adhere to your mortgage company. It's responsible to have renters insurance to protect your belongings.
Call around, check rates and make sure you are comparing apples to apples.