Budgeting-Great Advice On Budgeting Worksheets, Personal Budgeting, And Budgeting Tips

marisol2626 asked:


I know everyone has to come up with a budget in order to handle bills and pay important things.I have been through so much, too much in credit card debts that I had to stop paying them, foreclosure on my home, still owe some things that are minor like attorney fees for a traffic violation, etc. I went through all this before I seperated from my husband, and it got worst when I seperated, however, we are back together now. I have a trustworthy person who is trying to help me repair my credit, and I know that it can take a long time, but I get desperate sometimes even now because I have not had an opportunity to buy me winter clothes. I have been offered an opportunity with my bank to maybe get a platinum Visa card with a low limit just to have something and at the same time to try to rebuild my credit.I have felt so embarrassed so many times about not having good credit and owing all this money.It makes me feel useless.My husband and I are now living with my Mom, paying only have of…
half of the expenses in the home, like food, electricity bill, satellite bill, house payment, etc.I just feel like I should maybe try to get that opportunity of the Band Credit Card, but like this person who is trying to help me adviced, you need to make sure that you can pay back the amount that you use on time to regain good credit. Any advice and suggestions are appreciated, no smart remarks please.

Darnell Jarnesky

Carole B asked:


Need a free software that I can download to manage debt and personal budget. help trying to fight debt I am suffering from high debt.

Maragret Sappenfield

Dima C asked:


give an example

Rupert Shuffield

lynn j asked:


i need the freepost address for a budeting loan form. i live in north east, uk.
i’ve got one i need to post off, they didn’t have any envelopes there. and they said i couldn’t just hand it in as it went to a different place(department). I tried to look it up on the computer but i had no luck.

Freddy Pennigton

dancer19 asked:


I know that this is a ridiculous question but I just cannot seem to stick to my budget. Any advice would be helpful!

Craig Summerhays

Budgeting can be especially hard for students. There is so much new responsibility in their lives and money is a big one. Many students have never been in charge of their own finances before and they probably haven’t had much guidance in this area. If your child is going off to college or is already a student, you may want to educate them on financial matters.

Most adults know what budgeting is all about, but it may surprise you to know that most students going into college have no idea what that word actually means. You know as a parent how hard it can be to stick to a budget and you should expect that your college student will struggle with it as well. Keep in mind that this may be the first time that they have to exhibit self-discipline. The first step is to simply explain what budgeting is. Budgeting is basically a plan that lists all of your money coming in and money going out. Remember that everyone learns differently, so you may want to also write down a mock budget plan for them. Getting them to write it is also a good idea. Once you get the idea of a budget into their heads, then you can move on to the next step.

Next you want to make sure that all sources of income are accounted for. Student loans, income from their job if they have one, scholarship money, allowance from their parents or family, and any other benefit monies they may have coming in. At this point, most students will think that the amount of income looks great. They probably haven’t had this much money at their disposal before, and may suddenly get the itch to go shopping. A big mistake is for students to use the amount coming in as an excuse to spend five dollars here and there all month long. They won’t even know what happened when the money is gone. This is why it is very important to accurately track expenses in the next step.

Staying on top of money spent is a very hard discipline to learn. First they need to make an accurate list of their expected expenses. Books, bills, cafeteria, groceries, school and personal supplies, gas and don’t forget recreation. Going out with friends is an important social part of their lives and they need to budget for it. Clothing is something that they will definitely need as well. Doctor visits and prescriptions need to be planned for. There are lots of little things that you may not think of yet, which is why the next section is important as well.

Include an unexpected expense section in your child’s budget. Here is where they should note any extra expenses that came up during the month. Oil changes, auto repair, an emergency room visit, replacing a cell phone, anything that they didn’t expect that ended up cutting into their budget. Writing it down will help them look back in future months and determine if it’s something that could happen again that they should plan for.

Keeping up with the budget will most likely prove challenging for most students. Creating a separate savings account will help separate money that needs to be saved from disposable income. Taking out cash instead of using a debit card is a very effective way to stick to a budget. Encourage your child to leave their debit card at home when they go out with friends and only use the cash that is accounted for in the budget. You may want to educate your child on the importance of being responsible with credit as well and help them look for student credit cards that could help them out of a real emergency while they are away at school.



By: Mary Wallace

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