Planning the use of money (Part 5)

This is the video that shows a full month of expenses for our sample consumer, who can now see how the month’s spending all adds up.  Is more income needed?  Can some expenses be cut?  Which expenses?  How much?

All of these questions are the ones a prudent consumer or small businessman must ask himself, in any case where he is late on paying bills.  There is an obvious reason he is late on paying bills:  he did not have the money!

When the money is just not there, go through a three step process.  First, track expenses.  Second, ask yourself: can I make more income?  If not, step three comes into play: expenses must be cut.

Hopefully, this series puts it in perspective for you.  As always, we are here to help, just call (317) 266-8888.

I suggest you download the video file below, as viewing is easier due to a bigger screen size.  Or you can just click on the icon and the video will play immediately.  As always, please call if you have questions.

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Planning the use of money (Part 4)

This is the fourth of six videos detailing how to keep track of the expenses, so you know when you are on “safe ground” with your spending.  In this video, we look at the daily and weekly expenses which occur, and which can be added up to get an overall picture of monthly income and expenses.  With this information, you can finally get an accurate picture of what is going on in your financial life.  With these tips, you can control the “ebb and flow” of your cash, as you gather enough information to predict with confidence.  When you find yourself able to predict that money will be left over at the end of the month, and that money is put into a modest savings account, you’re really getting the hang of it!

I suggest you download the video file below, as viewing is easier due to a bigger screen size.  Or you can just click on the icon and the video will play immediately.  As always, please call if you have questions.

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Planning the use of money (Part 3)

What does it take to live nowadays?  This question is hard to answer for today’s expenses, unless you know the answer already (and have been tracking your spending for the last six months).  So start the process now:  start saving cash and card receipts.  As you learn more and more on how to track income and expenses, you will have the records ready to plug into a worksheet.  And keep watching this series of videos as you learn how to track down dollars and cents.

I suggest you download the video file below, as viewing is easier due to a bigger screen size.  Or you can just click on the icon and the video will play immediately.  As always, please call if you have questions.

Download This Episode

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Planning the use of money (Part 2)

So just how hard is it to be safe with money?  A plan will go a long way in creating security.  If you are wrong, you will know that “things did not go according to plan”.  If the plan is working, then you were right!  Remember, it’s just math.

What will the math tell you?  It answers the question:  “What are your habits?”  Once you know that answer, you can proceed to ask: “What do I want to be my money habits?”  Then a plan can be formed and carried out.  But first, observe what you are doing with your money every month.  Awareness of your habits is the most powerful tool you can use to change them.

I suggest you download the video file below, as viewing is easier due to a bigger screen size.  Or you can just click on the icon and the video will play immediately.  As always, please call if you have questions.

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