Perfectly Imperfect Family and Finances » Finances

30′s Personal Finance: A Change of Pace

Mr. Imperfect — Wed, 03 Nov 2010 01:05:09 +0000

We started this blog for several reasons, many of which have changed over the last year or so. First and formost-we are no longer in college. Secondly, through the various methods and techniques outlined in past articles we have lowered our expenses and increased our income drastically. This being the case, we have decided to take a somewhat different approach concerning the type of content we post here. From this point in we want to converse with you about the various ways we have both successfully and unsuccessfully changed our income levels. Also, we want to do our best to motivate you in everyday possible to improve your life, not just financially but physically, mentally, and spiritually as well.

Thanks for all your support, suggestions, criticisms, and questions over the last couple of years. We continue to look forward to hearing your successes as well.

Origin of the word budget

admin — Sun, 08 Aug 2010 02:21:19 +0000

http://twitter.com/hotforwords to follow my sexting!
http://www.hotforwords.com to request words
Origin of the word budget

Duration : 0:1:10

[youtube MQO7e_a-gvU]

How to Budget Personal Finances : The Envelope System for Managing a Budget

admin — Sun, 08 Aug 2010 02:21:18 +0000

Professional budget advice you can’t miss! Learn how to use the envelope system to manage a budget for personal finances in this free online video tutorial.

Expert: Alfred Loughmiller
Bio: Alfred Loughmiller is a Multimedia Communications major from Utah Valley State University. He worked a number of years in advertising and television production.
Filmmaker: Danny Loughmiller

Duration : 0:2:7

[youtube YbhP0R0n-Lc]

How to Set a Budget : Personal Finance Tips

admin — Sun, 08 Aug 2010 02:21:17 +0000

Budgeting tips in this free series of personal finance video from our professional Certified Public Accountant (CPA).

Expert: Tom Noah
Bio: Tom Noah has been a Certified Public Accountant (CPA) for over 27 years. In that time he has held positions at several companies as an accountant and a director of financial planning.
Filmmaker: Drew Noah

Duration : 0:2:13

[youtube NYyExGc6mfQ]

Obama Budget Cuts Visualization

admin — Sun, 08 Aug 2010 02:21:16 +0000

How much is the $100 million dollars in budget cuts compared to the federal budget as a whole? This video imagines the budget as $100 in pennies to provide the answer.

For more on the budget, mathematics and political visualizations, follow me on Twitter: @PoliticalMath

Duration : 0:1:38

[youtube cWt8hTayupE]

How to Budget Personal Finances : Why Budgets Fail

admin — Wed, 04 Aug 2010 13:07:58 +0000

Professional budget advice you can’t miss! Learn why most budgets fail and how to avoid mistakes in this free online video tutorial.

Duration : 0:2:34

[youtube 1rs4i373I7w]

How to successfully blend finances after marriage?

admin — Wed, 04 Aug 2010 12:58:38 +0000

My husband and I have been married almost 3 years now. We still have not been able to successfully blend finances to where we are both comfortable. I would like some suggestions from couples that have been able to effectively merge their finances.

Thank you for the help!

10% – Tithing (church and local charities)
25-35% – mortgage
5-15%Utilities
We have set amount of "blow money" every time someone gets paid so that we have our own spending money.
Take care of all expenses like Food, Gas, Club dues, or anything else with remaining money.
What ever is left over goes into savings account. There are college savings account, our savings, and an emergency fund if it needs to be replenished. Retirement accounts are taken care of before we even get a paycheck (automatic).
We have a budget meeting once a month. At first they were time consuming but we are experts now and they take about 15 minutes or less.

No Related Post

How To: Create a Budget

admin — Sat, 31 Jul 2010 18:54:47 +0000

Everyone hates it, but budgeting makes all the difference when you’re trying to save money.

Duration : 0:1:34

[youtube zHrekZUm7h8]

Being Frugal: The Original Sustainability? – Chris Farrell

How to Break the Paycheck to Paycheck Cycle

Mr. Imperfect — Fri, 26 Jun 2009 00:15:52 +0000

Welcome! If you are new here, consider subscribing to our RSS feed to get post as soon as they are available. Not sure about RSS feeds? For a description, and a brief tutorial, check our RSS Page.

At some point in life most of us have experienced the aggravation of having to live from one paycheck to the next. By the time the next paycheck arrives, you are already broke. When the new payday comes, most or all of it is already spent. There never seems to be enough money just to put food on the table and cover the normal household bills, let alone provide for any leisure or luxury. There will come a time or an event in your life, a catalyst, that will make the change that needs to take place less painful than continuing on your current path. When this happens, here is a good way to get started on your journey off of the payday to payday cycle.

The first thing that you must do is get on a budget. Do not let this “b” word scare you. I can honestly say that one of the most important steps on our journey out of debt was creating and sticking to a budget. Bob over at Christian Personal Finance has a great article that list 7 free printable budgeting worksheets that is very handy when you are just beginning.
Next, look for any place in your budget that you can save money. Do you really need a house phone and a cell phone? Is cable/satellite TV really a necessity? Are you watching your “phantom” charges from appliances and other electronics that are seldom used? Are your windows and doors sealed for air leaks? For more ways to save money each and every month click here.
After you have pinched every penny from you current income, if you still do not have adequate capital to make progress with your debt reduction, it may be time to look for ways to increase your income. Do you have a unique set of skills that you could market for extra income? Are there items in your residence that are no longer in use that could be sold at a yard sale or on Ebay? For a list of ways to make some extra money check out this post.

We can encourage you that it is a process worth undertaking. Using the strategies that we have listed on this blog we have eliminated two of our monthly bills, we will eliminate a third within the next month, and we are on track to dispose of over 40% of our total debt this year! Using the strategies that we listed in our Making extra money post we doubled (yes, I did say double) our income in February this year-and it has stayed the same since. No matter how big the obstacles seem, there is hope. Will the task be easy? Probably not. Most things worthwhile are not. Will people criticize and judge/discourage you? You bet. We could not even begin to count those that have told us we were fighting a losing battle. They have repeatedly told us that debt is just a way of life. We even bought into that lie until we seen that there are a select few that are living debt free. That is the life we are choosing to live. Will you join us on this journey to financial freedom? Please drop us a line and let us know what stage you are in, what goals you have set, and any strategies you have in place.

As always, thanks for reading and have a great day! Have a question or topic your would like to see covered? Leave a comment and we will respond the first chance we get!

Getting Your Finances in Order

Mr. Imperfect — Wed, 18 Feb 2009 17:01:49 +0000

Welcome! If you are new here, consider subscribing to our RSS feed to get post as soon as they are available. Not sure about RSS feeds? For a description, and a brief tutorial, check our RSS Page.

Has your financial documents and other important information ever looked like this? Ours did not too long ago. When we first started to get out of debt and try to take control of our finances we really had no idea where to begin. Our bills were in the house somewhere(or so we thought). We ended up just making guesses at what we owed to whom when we made our first budget and debt list. Now, we can lay our hands on most any document we need in less than 2 minutes. Here is how we got started:

We started a file system Originally this consisted of tan manila folders in a pile (a filing cabinet was a luxury at the time we were going to do without). We had each bill we owed in its own little folder. Then we placed the bills in groups: credit card debt, personal loans, car loans, and household expenses (mortgage, insurance, taxes, phone, electric, water, etc.) These eventually migrated to a box that had once held reams of copy paper, and from there into a filing cabinet.
We processed immediately As soon as the mail came through the door it had a place to go. If it was a bill it was placed in the “to be paid” folder in whatever position it needed to be based on date. Once paid it was transferred to the correct account folder. If it was a bank statement it was reconciled and filed. The point is that most of our disarray was caused by just laying the mail down when we came in and forgetting about it.
We started a master list of bills This is a tip I read about over at No Credit Needed. The list contained all of our bills, the estimated balance, the interest rate, and the date due. At any moment we can look and see where we stand on our consumer debt.
We started an account and number list Another idea we gleaned from NCN. The list has all our accounts (bills, checking, savings, etc.) with the name of the account, account number, account balance, address, and any relevant phone numbers.
We go over the finances once a month If you are in a relationship that you share financial responsibility in, it is imperative that you communicate and keep each other informed. It also helps that you are looking at the progress made together. It makes it easier to say no to the $20 container of coffee and go with the $12.

That is what worked for us. We started cutting expenese (who really needs to spend $130 a month on movie rentals?) and earning a little extra here and there. It is paying off in huge dividends right now. We just paid off one of our personal loans last month, and we are on track to reduce our overall debt by 40% this year.

Thanks for reading, we hope you have a great and wonderful day. Feel free to leave an orginization tip that has helped you in the past, or make a suggestion on a topic you would like to see on here. Take care.