- Money Pro Personal Finance Budget Bills 1 8 60
- Money Pro Personal Finance Budget Bills 1 8 6 0
- Money Pro Personal Finance Budget Bills 1 8 65
While you can certainly create a successful personal budget with nothing but a pencil and paper, many people find it very helpful to use financial software. Whether you use software or go 'old school,' the first step for creating a personal budget is to calculate your average monthly income.
To keep things simple and honest, only include fixed earnings like paychecks from your job, alimony payments, legal settlements, royalties or dividends from investments that you don't plan to reinvest [source: Yahoo! Finance]. Don't bank on uncertain income like raises, bonuses or a particularly fruitful trip to Las Vegas.
PocketGuard categorizes and organizes your expenses, monthly bills and subscriptions into clear, beautiful tabs and graphs, so you will always be on top of your finances. PocketGuard Money Management, Spending Categorization, Fraud Protection, Personal Finance. Next time you're clipping your coupons and working on your budget, tune your ears to one of these personal finance podcasts. This long-running NPR segment and podcast has a way of turning even the most complex or mind-numbing facets of economics into clear, often fun explanations about how money rules our world.
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Tracking your income is the easy part of creating a budget. It's much harder to pinpoint your spending. This is why personal finance software is so helpful. Programs like Quicken or Microsoft Money can access your online banking records and download all recent transactions for detailed analysis.
With a complete list of all of your bank deposits, outgoing checks and transfers in front of you, you can begin the important task of categorizing all of your income and expenses. With a few clicks of the mouse, you can label a $2,500 deposit as a paycheck, a $500 transfer as a credit card payment and a $1,500 check as a rental deposit.
In addition to specific categories like rent or groceries, personal finance experts recommend that you organize all of your expenses under two broad labels:
Fixed expenses are those expenses that stay the same every month. Not everyone has the same fixed expenses, but here are a few of the most common examples:
- Mortgage or rent payments
- Loans (student loans, car loans, home equity loans)
- Insurance (car insurance, health insurance, life insurance)
- Daycare
- Tuition
- Utilities
Discretionary spending is a broad category that includes every expense that changes each month. Not all discretionary spending is unnecessary. Take a look at the following examples:
- Groceries
- Eating at restaurants
- Clothing
- Entertainment
- Travel
- Hobbies
- Gifts
In addition to using personal finance software, it might also be helpful to carry a small notebook with you to track your cash expenses. This can be especially helpful if you find yourself taking money out of the ATM more than once a week [source: CNN Money]. Every time you use cash to buy a newspaper, pay a toll or buy lunch, make a note of it.
Now that you've created a detailed worksheet of your income and expenses, you're ready to analyze the data and start drafting a better budget. Editrocket 4 5 5 x 8.
Manage money like a pro
bill planning, budgeting, keeping track of accounts and more
Money Pro® for Windows PCs
Money Pro
Money Pro® is the one place for bills, budgets and accounts to manage your money properly. If you have a spending side to you this expense tracker is just what you need. Money Pro works great for home finance management, control of travel budget and even for tracking business expenses. The app exists from 2010 on iOS/Mac (over 2.5 mln downloads worldwide) and now is available on Windows.
Money Pro is a simple tool to track and manage your finances with ease and deep understanding. It will help you cut spending, achieve financial goals and become financially free. Exporter for contacts 1 12 14.
Calendar
- Mark days on the big calendar when your bills are due.
- Schedule recurring bills with custom periodicity.
- Filter transactions by selecting dates on the calendar.
Bills due notifications
- A whole system of reminders will alert you of upcoming bills.
- Quick rescheduling option will help you deal with bills due (tomorrow, in 3 days, next week).
Budgets
- Create budgeted entries, both for your income and expenses, and indicate budget limits for each entry.
- You may set different budget limits for every period, which is useful if you plan to reduce your spending gradually month by month.
- Start adding every transaction you have, and see progress of each category and the overall progress.
- Monitor visual indicators for budget overspending.
- Select the category you want to analyze and examine a budget trend chart generated on the fly.
Budget rollover
- You can set budgets to transfer the leftover of the current period to the next budget period.
- Budget rollover limits your spending automatically if you overspent in previous periods.
Checkbook register
- Unlimited number of accounts in one place (checking, savings, credit card, etc).
- Setting transactions as recurring or as one-time only.
- Balance change history.
- Additional fields for organizing your records including payee, description, check #, class (personal/business travel expenses).
- Attachment of receipt photos.
Account reconciliation
- You can record transactions and clear them later on (reconcile).
- Automatically calculated available balance and cleared balance.
Split transactions
- You can split a transaction into multiple categories which is extremely useful when you shop at mega stores and pay for multiple items at once.
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Search
- Search transactions by amount, category, description, payee, etc.
Detailed reports
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- Income/Expenses
- Cash flow
- Transactions
- Assets/Liabilities (net worth)
- Projected balance
- Net Worth
- Trend chart for days/weeks/months/years
Multiple profiles
- You can set multiple profiles and track your finances separately for home budget and your small business.
Money Pro Personal Finance Budget Bills 1 8 65
