MONEY MANAGEMENT
A well-designed, realistic spending plan is the most important step to take in your journey to reach your financial goals.
If you’re not completely comfortable with your spending plan or would like some guidance with this or other financial issues, consider a free and confidential money management counseling session with a BALANCE counselor. Our appointments are available on weekdays, evenings, and weekends. The average counseling session lasts approximately one hour, and there is no limit on the number of sessions you may have.
Counselors are qualified to discuss general money management, credit, and housing topics, including goal setting, spending and savings plans, credit and credit reports, debt management, buying a first home, mortgage delinquency, and foreclosure prevention. Each session is goal-oriented and results in a written action plan clearly outlining the steps you and your counselor decide to take in order to establish personal financial control.
Developing Your Own Spending Plan
Wonder Where All of Your Money Goes?
For one week, record all of your expenses, no matter how small. At the end of the week, you’ll have a clear idea of where those extra dollars could be hiding. In the future, you can use the funds you currently put away to increase savings, pay off bills, or buy something special.
Pay Yourself First!
Save and invest 5-10% of your gross annual income. Of course, for most of us, this is easier said than done. If you’re currently living from paycheck to paycheck without seeing an opportunity to get ahead, begin by creating a solid spending plan after tracking all of your monthly expenses. Or, call a BALANCE counselor to help you get your savings plan in order.
Recommended Guidelines for a Balanced Budget
A well-designed, realistic spending plan is the most important step to take in your journey to reach your financial goals.
If you’re not completely comfortable with your spending plan or would like some guidance with this or other financial issues, consider a free and confidential money management counseling session with a BALANCE counselor. Our appointments are available on weekdays, evenings, and weekends. The average counseling session lasts approximately one hour, and there is no limit on the number of sessions you may have.
Counselors are qualified to discuss general money management, credit, and housing topics, including goal setting, spending and savings plans, credit and credit reports, debt management, buying a first home, mortgage delinquency, and foreclosure prevention. Each session is goal-oriented and results in a written action plan clearly outlining the steps you and your counselor decide to take in order to establish personal financial control.
Developing Your Own Spending Plan
Wonder Where All of Your Money Goes?
For one week, record all of your expenses, no matter how small. At the end of the week, you’ll have a clear idea of where those extra dollars could be hiding. In the future, you can use the funds you currently put away to increase savings, pay off bills, or buy something special.
Pay Yourself First!
Save and invest 5-10% of your gross annual income. Of course, for most of us, this is easier said than done. If you’re currently living from paycheck to paycheck without seeing an opportunity to get ahead, begin by creating a solid spending plan after tracking all of your monthly expenses. Or, call a BALANCE counselor to help you get your savings plan in order.