Plan a personal budget and regain control of your finances

Plan a simple and realistic budget

Learn More

Download Our Budget
Planning Worksheet

Benefits

Become aware of your entire financial situation
Get a solid grasp on your earnings and expenses
See exactly where you spend your money
Identify any problem areas and make the changes to improve your financial situation

It's easy. Just follow these 3 simple steps:

Note: If you want the easy version, read our special report: The Secret to Making a Budget: DON'T!

1. Write down your total income for the month.
Be sure to include, pay, child support, alimony etc. You need to include all monthly income to insure this number is accurate.
2. Write down your total expenses for the month.
Be sure to include anything that you spend money on. Most people remember their rent/mortgage, utilities, credit card bills etc., but they forget the little things can quickly add up.

Just two coffees a day @ $1.50 each, will total $90 a month!

We recommend that you carry a small notepad with you every day for a week. Write down every time you spend any money and how much you spent. This will help you make your personal budget realistic and effective.
3. Subtract your expenses from your income.
Money left over? Great! Once you know exactly how much extra income you have each month, you can start planning what you would like to do with it.

Spent more than you have? An income deficit is actually very common, but a personal budget can help you to correct this. Once you know where you spend your money, you can decide which expenses can be reduced or eliminated.

Some important things to remember about budgeting:

Be honest
If you're not honest with the numbers, your budget will never work.
Be realistic
If you're not realistic with your goals, you will set yourself up for failure.
Don't give up
If you give up on your budget, then your situation will never get any better.

Ok, now you've taken the first step to getting a solid grasp on your financial situation, for this you should be proud! However, if you find that even on a budget you can't seem to successfully manage your debts, then we're here to help. call or email us at Hoyes Michalos & Associates today, and book a FREE no obligation professional consultation. One of our trustees would be happy to review all of the different debt management options with you and help you decide the correct solution to your current financial situation. We can help you to successfully manage your money and obtain a more secure financial future, let our experts show you how.