You Can Do It!! (Keep track of finances)

Hi Everyone:)

Today I'm going to talk to you about managing your finances. This is one of the reasons why debt starts to build up. It's easy to spend money but not so easy to manage it. One of the ways to keep track of your finances is by using an excel spreadsheet. You want to start with how much you have and deduct all the monthly bills so that you know how much you need to keep. Than you also want to deduct how much debt you owe to credit cards and for leisure activities, food, gas, miscellaneous. The easiest way to pay your bills is by doing it online because the transactions will go through right away and you will know how much you have left. It's not really a good idea to use a credit card to pay bills if you are in credit debt the best solution is to get a free prepaid card like the
AccountNow Vantage Debit MasterCard

Visa Prepaid Card

, these cards only allow you spend the amount that you have so that you don't incur overdrafts or more debt. They both offer the direct deposit where you can choose to have how much of your paycheck to deposit onto it, however there are monthly fees just like any bank card. If you have your own bank account you can also do the same but you might get overdraft fees. Prepaid cards are good because you can allocate a certain amount for your bills onto the card so that all you need to do is pay it online and than you have your remaining left over, this way it ensures you will not overspend and your bills will be paid:). My husband gave me the idea for the Excel and trust me it works, you will be able to see where your money is going and what you might need to cut back on.

How to setup your excel spreadsheet:
Make sure to title it as the monthly spending
1.Item
2.Amount Received
3.Amount Spent
4.Total
5.Notes
6.Payment Method
7.Confirmation

It should look like this:





If you owe payments on a credit card but can't make the full amount just call up the company that you owe money to and make payment arrangements, in an economy such as this they will probably be more willing to cooperate. Once you've figured out a payment plan make sure to add that onto your spreadsheet.

Hi Everyone:)

Today I'm going to talk to you about managing your finances. This is one of the reasons why debt starts to build up. It's easy to spend money but not so easy to manage it. One of the ways to keep track of your finances is by using an excel spreadsheet. You want to start with how much you have and deduct all the monthly bills so that you know how much you need to keep. Than you also want to deduct how much debt you owe to credit cards and for leisure activities, food, gas, miscellaneous. The easiest way to pay your bills is by doing it online because the transactions will go through right away and you will know how much you have left. It's not really a good idea to use a credit card to pay bills if you are in credit debt the best solution is to get a free prepaid card like the
AccountNow Vantage Debit MasterCard

Visa Prepaid Card

, these cards only allow you spend the amount that you have so that you don't incur overdrafts or more debt. They both offer the direct deposit where you can choose to have how much of your paycheck to deposit onto it, however there are monthly fees just like any bank card. If you have your own bank account you can also do the same but you might get overdraft fees. Prepaid cards are good because you can allocate a certain amount for your bills onto the card so that all you need to do is pay it online and than you have your remaining left over, this way it ensures you will not overspend and your bills will be paid:). My husband gave me the idea for the Excel and trust me it works, you will be able to see where your money is going and what you might need to cut back on.

How to setup your excel spreadsheet:
Make sure to title it as the monthly spending
1.Item
2.Amount Received
3.Amount Spent
4.Total
5.Notes
6.Payment Method
7.Confirmation

It should look like this:





If you owe payments on a credit card but can't make the full amount just call up the company that you owe money to and make payment arrangements, in an economy such as this they will probably be more willing to cooperate. Once you've figured out a payment plan make sure to add that onto your spreadsheet.