Disposable Income is defined as: “income that remains available for spending after deductions for taxes and other obligations.” So the question remains, do you know the actual amount of your annual disposable income? If you don’t, then do you belong to the class of people who consider themselves “fixed for life”, if there is such a class? I say that because we have seen a lot of “well off” people who have had great wealth loose it overnight; the reality is that in most cases it was being siphoned off gradually over time. They say the loss came because of a misplaced trust in people who guided them or handled their resources. So given that example, we must realize that we are ultimately responsible for our financial situation.
It has been said that “with knowledge comes power” and in this case you need to gain a complete understanding of where your resources are going. Every family will have varying amounts of disposable income, but that amount is normally relative to that family’s lifestyle. Again, it doesn’t matter how much you make or have, it can all disappear overnight. Disposable income if not watched, or allocated, is like having a hole in your pocket, like a black hole, it just diminishes until it is gone. Worst yet, unallocated income represents a missed opportunity; it could have been applied to achieving goals. Goals might include: retirement, accelerated bill pay-off plans, and savings. Regarding savings, you might consider savings that are targeted for specific things. Again, be specific. Power comes, when with discipline, you take control of your finances and apply them in a way that will meet your needs and goals.
Some of you might be saying, sure I believe I can see my disposable income; I might even be able to allocate it, but reports don’t ensure I am on track, or warn me if I am about to jeopardize a goal. And since I don’t frequently review the reports, I am off track before I know it. Well, Living Budget Pro® was designed from the ground up with planning in mind. For $59.99 the cost of a pair of pants, it will reveal your disposable income. Beyond that, it contains a tool that will locate your disposable income by income period and present it to you on a single form. The tool provides you with a method of allocating all, or a portion of those funds to one, or many existing or new expense sources. That means that you will be able to visually see how you are applying those funds to meet your goals. Once you have finished, the form will update your living budget with those changes.
Living Budget Pro actually creates and manages living budgets. Basically, a Living Budget is a method of displaying your finances in a contextual, editable format where you can easily see the potential of earnings. Living Budget Pro creates up to a year’s worth of transactions based on your income and debt sources. Future transactions are placeholders and the program uses them to display your financial potential and keep goals in sight. Living Budget Pro incorporates a fully functional check register which is used to keep your living budget up to date. As you enter check register entries, you will immediately see if that transaction has placed a goal in jeopardy. The program also provides a means for you to create many what-if scenarios and tailor a spending plan that meets your needs.
Please note that it is incumbent upon us to take a more disciplined approach to the management of our finances; Living Budget Pro can help. Please consider purchasing Living Budget Pro today.
Wednesday, November 19, 2008
Tuesday, November 18, 2008
Budgets – Untapped Cash
As economic times continue to place great demands upon our wallets, we must use all the tools at our disposal to ensure we are managing our resources wisely. Even though gas prices are starting to lower, we must watch and monitor our spending. Within every household there is an untapped (hidden) cash flow that disappears in small amounts throughout the year. Left unchecked that untapped cash flow can add up to a significant amount.
Living Budget Pro will immediately uncover your untapped cash and reveal your financial potential. For $59.99 you will not only discover that untapped cash potential, but you will be able to apply all or a portion of that amount to one or many bills; you can even spread the amount across the entire year. Additionally, since Living Budget Pro creates up to a year’s worth of transactions based on your income and debt sources, and since it is easy to create, edit, and delete transactions, you will be able to create many what-if scenarios and develop a spending plan that meets your needs.
Consider purchasing Living Budget Pro today. For less than a tank of gas you could gain additional incite and control over your finances.
Living Budget Pro will immediately uncover your untapped cash and reveal your financial potential. For $59.99 you will not only discover that untapped cash potential, but you will be able to apply all or a portion of that amount to one or many bills; you can even spread the amount across the entire year. Additionally, since Living Budget Pro creates up to a year’s worth of transactions based on your income and debt sources, and since it is easy to create, edit, and delete transactions, you will be able to create many what-if scenarios and develop a spending plan that meets your needs.
Consider purchasing Living Budget Pro today. For less than a tank of gas you could gain additional incite and control over your finances.
Wednesday, September 3, 2008
Planning – Is your wallet being affected by the Economy?
As gasoline and fuel oil costs continue to hover far above reasonable norms, food and other consumer goods also remain high. Given these factors we must all continue to be prudent managers of our resources. It is extremely important that you have a clear view of your present and future cash flow. Wisdom dictates being prepared for financial emergencies.
The reality is that we should develop and manage a spending plan that will ensure we have the necessary surplus to survive unexpected expenditures, and negative economic adjustments. Spending and budgeting plans don’t necessarily provide the visibility and maintainability required to encourage consistency and follow-though of the plan. Although plans laid out on paper might have visibility, they are not easily updated with the changes of everyday life. Spreadsheets can provide visibility, and are easier to update than paper, but require a greater level of skill to create and update. Linking a year’s worth of data can become complex and will require a new spreadsheet at the end of the year.
Living Budget Pro® was designed from the ground up with planning, visibility, and maintenance as design goals. Living Budget Pro creates and manages living budgets®. Basically, a Living Budget is a method of displaying your finances in a contextual, editable format where you can easily see the potential of earnings.
Regarding visibility, Living Budget Pro creates a calendar year’s worth of transactions for each payee (income or debt source) based on their individual pay frequency and due date. Each month is displayed on a separate tab with income and debt sources separated and cleanly displayed with payments automatically inserted into their proper pay-periods.
Your ability to edit, delete, or insert transactions, as well as create and delete payees, provides you with a means of creating many what-if scenarios. And yes, you will immediately see the results of those changes. Use that information to tailor and get the most out of your living budget. Many people will immediately realize their financial potential once the budget is created as they look at December’s ending balance.
Regarding maintenance, Living Budget Pro automatically created up to a year’s worth of transactions for each payee. All future transactions are considered placeholders providing a base for the budget. The built-in check register has the ability to automatically update the workspace with actual expenditures. Placeholder names and amounts are replaced with the actual name and amount entered in the check register. Updating and replacing placeholders immediately exposes the impact of that expenditure against the entire budget. At the end of the year, Living Budget Pro provides a means for you to transfer open items into a new budget for the following year.
When people have a clear view of their financial potential, they can more easily conceive attainable dreams. With tools that provide the proper visibility, goals can be set and a plan developed. When plans expose the attainability of goals and dreams, follow-through with the plan has a greater chance of success.
Consider purchasing Living Budget Pro today!
The reality is that we should develop and manage a spending plan that will ensure we have the necessary surplus to survive unexpected expenditures, and negative economic adjustments. Spending and budgeting plans don’t necessarily provide the visibility and maintainability required to encourage consistency and follow-though of the plan. Although plans laid out on paper might have visibility, they are not easily updated with the changes of everyday life. Spreadsheets can provide visibility, and are easier to update than paper, but require a greater level of skill to create and update. Linking a year’s worth of data can become complex and will require a new spreadsheet at the end of the year.
Living Budget Pro® was designed from the ground up with planning, visibility, and maintenance as design goals. Living Budget Pro creates and manages living budgets®. Basically, a Living Budget is a method of displaying your finances in a contextual, editable format where you can easily see the potential of earnings.
Regarding visibility, Living Budget Pro creates a calendar year’s worth of transactions for each payee (income or debt source) based on their individual pay frequency and due date. Each month is displayed on a separate tab with income and debt sources separated and cleanly displayed with payments automatically inserted into their proper pay-periods.
Your ability to edit, delete, or insert transactions, as well as create and delete payees, provides you with a means of creating many what-if scenarios. And yes, you will immediately see the results of those changes. Use that information to tailor and get the most out of your living budget. Many people will immediately realize their financial potential once the budget is created as they look at December’s ending balance.
Regarding maintenance, Living Budget Pro automatically created up to a year’s worth of transactions for each payee. All future transactions are considered placeholders providing a base for the budget. The built-in check register has the ability to automatically update the workspace with actual expenditures. Placeholder names and amounts are replaced with the actual name and amount entered in the check register. Updating and replacing placeholders immediately exposes the impact of that expenditure against the entire budget. At the end of the year, Living Budget Pro provides a means for you to transfer open items into a new budget for the following year.
When people have a clear view of their financial potential, they can more easily conceive attainable dreams. With tools that provide the proper visibility, goals can be set and a plan developed. When plans expose the attainability of goals and dreams, follow-through with the plan has a greater chance of success.
Consider purchasing Living Budget Pro today!
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