Budgeting Essentials

In 2017, American consumers hit an all-time high of more than $1 trillion in credit card debt! That’s scary! Total debt, including mortgages, auto loans and student loans is also at an all-time high. Debt, while seeming to satisfy an apparent and immediate need, later denies us future financial freedom. Learn more in this week’s blog.

When it comes to time, we all have the same amount. No one has extra hours stashed away in a savings account for a rainy day. None of us can turn the clock back, stop it, or even slow it down. Our daily allotment of time is 24 hours—period—or is it? Learn more in this week’s blog.

Last week I talked about “Keeping yourself encouraged.”  If you missed that post, you can review it HERE.  This week’s post is “How living on limited funds helps you.” We all know that it can be challenging to live on limited funds.  But did you know that living on limited funds can help you?  Learn more in this week’s blog.

Last week I talked about “Cash Flow: Why you pay yourself first.”  If you missed that post, you can review it HERE.  This week’s post is “Dealing Effectively with Change.” Change is inevitable.  Some changes we initiate and enter into willingly, while others are thrust upon us.  But regardless which kind or type it is, you need to deal with change.  Learn more in this week’s blog.

Last week I talked about “Don’t condemn yourself for Borrowing.”  If you missed that post, you can review it HERE.  This week’s post is “Keeping yourself encouraged.” Sometimes when you are on your debt relief journey you have opportunities to become discouraged.  If you prepare ahead of time you can be ready when discouragement tries to come on you. Learn more in this week’s blog.

Last week I talked about “Cash Flow – Why timing is important!”  If you missed that post, you can review it HERE.  This week’s post is “Cash Flow: Why you pay yourself first.” It may seem obvious that you need to manage your cash, but you would be amazed at how many small business owners don’t have a cash management plan.  Paying yourself first is an important part of a good cash management plan.  Learn more in this week’s blog.

Last week I talked about “What is interest?”  If you missed that post, you can review it HERE.  This week’s post is “Don’t condemn yourself for Borrowing” When you are in debt, it is easy to get into condemnation because you are in such a financial mess. But that won’t help you get out of debt.  Learn more in this week’s blog.

Last week I talked about “Keys to a good startup budget.”  If you missed that post, you can review it HERE.  This week’s post is “Cash Flow – Why timing is important!”  You are busy either growing your business or getting it ready to go. You know you will need a cash flow budget eventually.  But why do you need to do one now?   Learn more in this week’s blog.

Last week I talked about “How we learn to accept debt.”  If you missed that post, you can review it HERE.  This week’s post is “What is interest?”  We are taught that interest is just an additional cost of doing business or the fee that we pay to finance something.  But what is it really?  Learn more in this week’s blog.

Last week I talked about “How does a Cash Flow budget help my Small Business start up?”  If you missed that post, you can review it HERE.  This week’s post is “Keys to a good startup budget.”  Your startup business is getting ready to go and it is time to create your first budget. What do you need to include?   Learn more in this week’s blog.

Last week I talked about “Who does Debt benefit?”  If you missed that post, you can review it HERE.  This week’s post is “How we learn to accept debt.”  It is not an accident that most people end up in debt.  They are trained to use it.  Learn more in this week’s blog.

Last week I talked about “Cash Flow - why do I need a budget?”  If you missed that post, you can review it HERE.  This week’s post is “How does a Cash Flow budget help my Small Business start up?”  You have a great idea for a new business.  But you can’t just dive into the business without a plan.  Part of that plan is doing a cash flow budget.   Learn more in this week’s blog.

Last week I started a new blog with the initial post: “Welcome to the Debt Relief Journey blog!”  If you missed that post, you can view it HERE.  This week’s post is “Who does Debt benefit?”  Many people use debt because they think that they are the ones that benefit from it. But, that is not really the case. Learn more in this week’s blog.

Last week I talked about “What is Cash Flow?”  If you missed that post, you can review it HERE.  This week’s post is “Cash Flow - why do I need a budget?”  Good cash flow management involves more than just taking care of the cash you have. You need to look at what is going to be coming in, too.  In order to do that you need a good cash flow projection built from for your budget.   Learn more in this week’s blog.

Last week I talked about “Cash Flow Issues - Are you thinking big enough? Part 3.”  If you missed that post, you can review it HERE.  This week’s post is “What is Cash Flow?”  You often hear that small businesses fail because of lack of “Cash Flow”.  But what does “Cash Flow” really mean to a small business owner from a practical standpoint?  Learn more in this week’s blog.

Debt has become an epidemic in America. People think that the only way they can buy things is by financing them. But that is not the case.  Learn more about debt in today’s initial post on the Debt Relief Journey blog!

Last week I talked about “Cash Flow Issues - Are you thinking big enough? Part 2.”  If you missed that post, you can review it HERE.  This week’s post is “Cash Flow Issues - Are you thinking big enough? Part 3.”  Do you find yourself reluctant to update your pricing because you are afraid you will lose customers?  While you need to be aware of the market value of your service, you pricing also needs to reflect the value of what you are delivering.  If you are delivering above average services, you shouldn’t be charging bargain basement prices.  Learn more in this week’s blog.

Last week I talked about “Cash Flow Issues - Are you thinking big enough? Part 1.”  If you missed that post, you can review it HERE.  This week’s post is “Cash Flow Issues - Are you thinking big enough? Part 2.”  Do you find yourself resistant to change because you tried something and it didn’t go well?  You need to examine your procedures periodically to make sure they are efficient and effective.  You don’t want to limit your cash flow by using outdated procedures that cost you extra time and money.  Learn more in this week’s blog.

Last week I talked about “Cash Flow Issues - Overspending.”  If you missed that post, you can review it HERE.  This week’s post is “Cash Flow Issues - Are you thinking big enough? Part 1.”  Are you limiting yourself with your thinking?  Do you undervalue your services?  These are things that will limit your growth and your cash flow.  Learn more in this week’s blog.

Last week I talked about “Cash Flow Issues - Tracking your finances.”  If you missed that post, you can review it HERE.  This week’s post is “Cash Flow Issues - Overspending.”  When you don’t do your books regularly and don’t have a well prepared budget to remind you of your upcoming expenses, you don’t really know what you have available to spend.  If you have an annually billed payment coming up next month, you don’t want to spend the money this month on something else that could have waited.  Your budget helps you remember these expenses..  Learn more in this week’s blog.