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Further
Reading ...
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The Village Idiot
That would be me! From what I can see, I’m just beginning the second year of a minimum four year sentence as a Village Idiot. I say minimum because the sentence may be extended at any time and without advance notice – written or verbal.
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Free Baby Shower Games
Described below are many baby shower games that will spruce up any baby shower. ABC’s Have each person write down each letter of the alphabet. Everyone has to name something that has to do with a baby for each letter. This game should be timed...
Vehicle Safety Habits For The Beginner Driver
It is good practice to check you're vehicle out before proceeding out on the road, and know all the safety features of the vehicle that you are operating. It is part of defensive driving to do these checks before you take you're vehicle on the road....
Sharing Books With Children
One of my first memories of childhood is that of my mother reading Dr. Seuss books to me in a big brown recliner in our living room. That memory brings with it sounds and smells and a general feeling of safety and comfort that never fades, even...
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Sorting Your Money
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Written By:
Terry J. Rigg
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For anyone that is familiar with The Complete Budget and Bill
Organizer, http://www.homemoneyhelp.com/BBOonline.html you
already know that I recommend that you use your checking account
to pay bills and cash to cover your household expenses.
With all of the different items that the average individual or
family spends money on, it can be difficult to keep it
separated. You have to have money for groceries, car gas,
school lunches, Groceries, Dining Out and Entertainment just
to name a few.
You could buy a box of envelopes each payday and sort the money
on payday and stuff the money in an envelope until you need it.
Of course, then you would have to have a safe place to keep it.
If you like the envelope method, then by all means use it.
However, the entire purpose of The Complete Budget and Bill
Organizer is to simplify things. Sitting down at the kitchen
table each payday and sorting cash is far from simple.
It would be much better to try storing it in your wallet or
purse. You would have the money when and where you need it.
There is an element of risk that the money could be lost or
stolen. If you don't feel comfortable with having that much cash
in your wallet and don't have problems handling your checking
account, you could deposit the money for groceries in your
account and write a check for your normal grocery shopping. I
wouldn't write a check for just a milk and bread run.
For a family, a budget keeper should be assigned to sort the
money. They would be responsible to distribute the money to
other members of the family. To do this you will have to clearly
define who in the family is responsible for what expenses. Let
me give you an example:
A family with a working dad and a stay-at-home mom with three
teenage kids may distribute their money like this:
Household Income after money for bills is deposited in
checking: $500
Mom is assigned as budget keeper and keeps $355. Out of this
money she is responsible for buying the groceries, health items,
cleaning supplies, the families - continued below ...
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continued ...
clothing, school lunches, pay
the paper boy and other expenses around the house. Mom takes
$50 out of this money for herself that she doesn't have to
account to anyone else in the family for.
Mom gives dad $100 of which he is responsible for paying for his
expenses to get back and forth to work including car gas. Dad
can use $50 of his money that he doesn't have to account to
anyone else in the family for.
Mom gives each of the three kids an allowance of $15. This money
can be used any way they choose.
By sorting your money this way, each member in the family can
keep the money in their wallet and all of the responsibilities
are covered. No, you won't know exactly how much you spend each
month on groceries, car gas, etc. The main point of a simple
budget is to make sure you have the money to pay everything
without the hassles like sorting your money into envelopes and
accounting for every penny.
Mom, as budget keeper, would also be responsible for keeping the
budget, paying the bills and depositing money in their savings.
This does seem like a lot of responsibility for just one person
in the family but, to ensure that their finances are organized
and everything is covered, it is absolutely necessary. It is
also important to make sure dad knows how mom is handling things
so that he can step in if the need arises.
While developing your budget using the Budget Worksheet you will
know what your household expenses are. Simply take that list and
assign it to a member of the family along with the money to cover
it. If you run into problems and somethings aren't being paid,
you will probably have to review your budget and reassign these
responsibilities.
About the Author
Terry Rigg is the author of Living Within Your Means - The Easy
Way http://www.homemoneyhelp.com/ebookadpage.html and editor
of The FREE Budget Stretcher Newsletter and Budget Stretcher
web site http://www.homemoneyhelp.com. He has 25 years of
experience counseling individuals and families concerning their
personal finances.
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| _Additional Resources ... |
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Getting Your Affairs in Order: A Guide to Living Wills
Living wills--sometimes referred to as "health care directives"--are for adults of all ages, not just the elderly. Some of the most recognized court cases concerning the "right to die" issue have involved people in their 20s and 30s--people like...
No Paws from Santa Claus
The Holidays are coming and children have thought long and hard about the gifts they would most want to receive this year. Trucks, trains, Groovey girls and scooters are popular gifts this year. Each year lists are filled with the “most...
Great Relationship Problem Solving Technique
This is one of my all time favourite problem solving techniques, and I use it on a regular basis with clients who find it hard to get along with other people. But really, the technique can be applied to any problem at all, not just the ones that are...
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