Personal Financial Freedom - Personal Finance Budgeting

The topic for this article is Personal Finance Budgeting. The first step in becoming financially responsible is starting out with a personal financial budget. Absent a budget there is no way one can possibly track their income and expenses.

Before getting into what personal budgeting finances are I want to explain why budgeting is important. For this idea we will say that you have decide to startup a business, a personal financial advising firm. When establishing your financial advising firm the first thing to be done is the planning out of your company expenses. Most people would logically budget for their expenses before they began because without this financial planning you would have no idea of whether or not your financial advising firm could potentially be profitable. The next thing is to plan out your revenues. Then you would take the difference between the two and see whether things looked good or not.

This is what a financial budget is for a company and people should handle their personal finances in the same manner. When establishing a personal financial budget it is important to include everything that involves your money.

You can find personal finance software on the internet. This software is made so that you can easily enter all your income and expenses and it does everything else for you.

The components in a personal financial budget include both income and expenses. Examples of income in a personal finance budget include job income, gambling winnings, capital gains, social security, tax refund, etc... Examples of expenses in a personal budget worksheet include SAVINGS, electric bill, health insurance, cell phone, groceries, books, shoes, clothes, car insurance, gas, entertainment, travel, miscellaneous, etc.

This expense list does not include all potential expense, I'm sure you can think of others right now. Anything possible thing that you can think of that you might need to spend money on should be put on your personal budgeting worksheet.

I know that some of you are thinking to yourselves "Savings? What? Thats not an expense!" Well I'm here to tell you that savings should indeed be thought of as an expense. Each month one should personally budget for a certain amount of their money to be saved. This should not be an "if I have money left over" situation. It should be definite and as automatic as writing that check for your mortgage every month.

The most basic concept of personal budgeting is to control spending and use your money wisely so that you have money left over rather than having no money or going into debt.

After listing your income and expense on your budget worksheet you need to subtract the expenses from your income and get a Net Cash Flow for the month. The idea is to include all income and costs and come out with a positive cash flow on your personal financial worksheet. If the number comes out negative then you have a problem and your expenses will need to lowered.

Now you know exactly what a budget is and how to make one. The next thing to is run a few Google searches an find a budget template to make things easier.

You need to keep a budget every month. No, you cannot simply make one plan for the whole year and stuff it away somewhere to forget about it. Our income levels change and our expenses change and these changes need to be accounted for.

To be successful with your personal budgeting plan you need to make out a projected personal budgeting plan for the whole year. Then as each month passes you can make monthly adjustments.

The other thing to do is keep a record of your actual income and expenses and compare that to your personal financial budgeting worksheet. You want to make sure that your original estimates were correct or at least close.

The thing about a personal financial budget is that it sets you up for success and helps keep you from needing to use credit cards or other debt to make it.

If you have an accurate personal financial budget then you will be prepared for the unexpected financial burdens that happen from time to time.

There should be no issues when your car breaks down and you suddenly need $300 to fix it. All is good because you have been putting money into savings each month.

This is the most basic idea of personal financial freedom and personal finance budgeting. If you can establish a sufficient level of savings then you can begin to be at ease with your financial situation.

Most people are clueless and don't realize that their unplanned/unwritten actual personal finance budget includes something like $4500 of income and $4700 of expenses each month.

Next time I will take a short break from the Mini Series and instead suggest a few personal financial budgeting software programs that are available out there.

Business and Personal Communication Skills - Finding Our Life Energy

Communication Skills that Provide Energy

Many times we wake up in a bad mood, not happy, maybe upset about something that happened the day before. Especially during these difficult times with the unpredictable economy and turmoil in our government, this is an excellent time to use this communication exercise. Energy deprivation also happens to us during the day and we go from functional to dysfunctional consciousness. Here is a fun exercise to try when your energy is depleted.

The exercise that I will talk about in this article is powerful and only takes 3 steps and a few seconds to execute. It can take you from being upset to being in an exuberant mood during the day.

Here are the 3 Steps:

1: Think of a need or value not being satisfied at this time.

An example of a need could be respect, safety, peace of mind, ease in what you are doing, creativity or even fun. There is a needs list at the website below. Our needs are our life energy and if they are not satisfied our energy level will dissipate. If our needs are satisfied our energy level will rise.

For example: When I think about my financial security (my need), I become upset or frustrated. My energy level lowers. My need may also be for abundance, peace of mind, safety for my finances or family, ease in my life, or to have fun with a vacation.

So there are many needs that are not being met because of my finances. Again, look at the needs list and you will see other needs that can be listed. For this exercise, I will pick one of these needs. You may do the same thing and pick a need of yours that is not being satisfied. Again it could be a different situation, yet this exercise works for any need. You'll be pleasantly surprised as your energy level raises. I will pick the need for "abundance" for this exercise.

2: Now, I will say this statement to myself, " I am abundant." My need for abundance is being satisfied."

Yes, it sounds like an affirmation. It is an affirmation. Yet, we will go a little deeper with step three. So say this to yourself, I am __________. My need for ____________is being satisfied." In the blank space place the need that is not being satisfied at this time. So, if you're need not being satisfied is for safety, say to yourself, I am safe, My need for safety is being satisfied." say it again, Say it one more time for good luck. " I am safe, my need for safety is being satisfied." Now take a deep breath, and we will go to step three.

3:Say to yourself: How is my need for safety being met? Take a deep breath, ask yourself 3 times. How is my need for safety being satisfied?

As you ask the question, you will start processing how your need for safety is being met. This is where the dramatic change may happen.

So, for clarity, here are the 3 steps.

1: Think of a need or value that is not being satisfied at this time?

2: Say to yourself. I am__________. My need for abundance is being satisfied."

3: Now ask yourself, how is this need being satisfied. Speak Slowly

These simple three steps will bring your energy back. In fact, it will probably give you even more energy than you can imagine. After you go through the three steps just let your mind imagine how this need is being satisfied in your life. You must take a few minutes and dwell on this need, and the question, how is that need being satisfied? Write down these steps and place it next to your computer. As your energy level may diminish during the day, perform the exercise and watch your energy rise. Be proactive and use it hourly to maintain your energy.

Personal Finance Industry

Cash back credit cards are one of the latest crazes to sweep the personal finance industry. In addition to that, it also provides some host tools for the management. The group attributed much of the growth in popularity to inflated demands arising from recent energy price hikes and the increases in the average costs of food. Checking your credit report annually can help you catch mistakes and fraud before they wreak havoc. The claim can be sought resulting in mortgage claims, credit agreement claims, secured loan claims. When it comes to the best management, what is noticeable in the beginning is not a guarantee for the safety and stability of your future. Learning at a young age is important.

You will know that you are benefiting from truly cheap credit cards if you check the way in which everything is going to look once the standard rate starts rolling the ball. The issue of preliminary rates practiced with quite a number of offers of cheap credit cards may be rather confusing. If you are need in some professional advice for your situation, then you can go ahead and search for consulting experts. We have access to multiple subjects and we are sure to find some of the best experts to provide us with the much needed assistance, imparting valuable knowledge. The advent of the World Wide Web has brought numerous advantages. As you can see, the range of subjects covered is incredibly diverse and you can resolve more than one problem by using such a website.

Today, many years after the Internet was introduced, we have the liberty to do our shopping online, inquire about banking services and get assistance. Since unsecured loans are based on your credit and repayment history, you will have to convince lenders that you can handle in an organized fashion. A current account mortgage can, therefore, provide a borrower with many features and paying off their mortgage as soon as possible. It is a sensitive subject for many people so advisors often visit people in their homes. The second most popular category is news, followed by health care and medical information, religious and spiritual material, games, business and personal finance information and sports hobbies. in that order. Loan Offers For those in needs, the site suggests some great loan offers that are available at different amounts and different rates of interest.

There are other areas of personal finances that are just as important like investing and building your personal wealth, but those are topics that you can concentrate on when you have the basics covered. But insurance policies are the only real way to make sure that your loved ones and your personal finances will be protected in the face of the worst problems. Instead, it really is all up to the individual and their own personal finance skills in terms of what makes them better or worse than the next person. In terms of managing money, there is really no adequate set of rules that determines what gender is better at managing their personal finances. Sometimes, our ignorance about the world of personal finance leads us to obtain loans that are a costly proposition. Although financing a home can be supported by your personal finances, sometimes it does make sense to finance the project especially if your home itself can finance the renovation. Too often potential home buyers will spend more time telling everyone what type of house they plan to buy and in what area, but not enough time researching their personal finances, the cost to buy, the location or the real estate market.

The more confident consumers are about the economy, the more likely they are to spend. I know of one personal finance [http://www.ebooks-mall.org/finance/] professor who teaches his class using just the book The Millionaire Next Door, a cheap book you can buy for under $10 used any day on Amazon. There are computer programs available which can help you manage. The high interest rates on personal loans at a finance company might get people to thinking. But if it helps to expand your knowledge, or if provides you with just one tip to go out and improve your knowledge, these articles may indeed proved a worthy aim. If you are operating a business under your name, and have not filed any official paperwork with the government or with lawyers and accountants.