Beginning Budgeting for Debt Free & Storehouse Ready Living

Name: Beginning Budgeting for Debt Free & Storehouse Ready Living
Rating: 4.8 (13 reviews)

The First Steps to Personal Finance Management

Last updated 7/2019

English

What you'll learn

How to take control of your household finances, reduce expenses, and return your income back to you through monthly budgeting.
You will receive the FREE Monthly Budget Tracker Form, a simple one-page form to record your income and expenses and to schedule payment of all your bills.
You will begin to start your Emergency Fund Savings (Storehouse Ready Living) to prepare for life's events, for example, loss of job
You will receive FREE Budgeting templates to begin managing your household budget immediately

4 sections • 9 lectures • 40m total length

Moving from Living on the Edge to Storehouse Ready Living8:05
Course overview and peek at the budget tools that will bring financial balance into your household.
The Cost of Being Unprepared for a Life's Event5:49
Before beginning the budgeting process, read real life scenarios of family situations of the consequences of the absence of an emergency fund.

Budgeting Step 1: Show Me My Debt Using A Debt-Listing Tool2:21
Students will be provided a debt-listing tool to list their full debt portfolio which is Step 1 of the 5-Step budgeting process.
Budgeting Step 2: Identifying Annual Expenses1:34
The student will be able to identify future/annual expenses to record on the Projected Spending Scheduling Form to ensure all expenses are included in their monthly budget.
Budgeting Step 3: Vacation Planning Without Swiping The Credit Card1:55
Students will be able to plan vacations using the Vacation Planning Form, a tool to ensure vacation expenses are planned in advance and avoids use of the credit card.
Budgeting Step 4: Preparing Your Monthly Household Budget Without the Heartache4:28
A walk through of the Monthly Budget Tracker Form that will track your household income and expenses. The form was designed to be simple to use, being only one page.
Budgeting Step 5: Expense Reduction Checklist to Increase Household Income3:33
The Checklist identifies 19 areas on your household budget where expenses can be reduced or eliminated. The outcome is the savings identified will return income back into your household and ultimately help build your emergency fund.

Segment 9: Bonus Video: How to Build Your Credit With No Credit and Protect It9:08
The student will learn of well-known companies that helps individuals build their credit. In addition, provides tips on protecting your credit and prepares an individual to be credit ready when purchasing a home. The Managing your Credit Checklist is available in the emergency fund starter guide: "Storehouse Ready: Preparing for Life's Events."

Do you have a tight budget and managing personal finances is overwhelming, confusing, and just too much?

Hi, I’m Elaine Bean, and guess what? In these uncertain times, I must deal with personal finances too!

Ten years ago, I was drowning in debt and no company would lend me money or give me credit and living paycheck to paycheck was my story

Today, I’m happy to report that household expenses are minimal, and savings is growing! Such a great feeling

My course will empower you to begin your personal finance management journey. Here are the benefits:

Create a simple household budget that will enable you to successfully manage your household income and expenses; typical household expenses categories are already printed on the template
Receive FREE ready-made budget tools to begin your financial journey immediately or obtain the "Storehouse Ready Preparing for Life's Events" Workbook with all the printed budget tools
Learn strategies to reduce your household expenses to build your rainy day or emergency fund; the course will help you stay on track with your savings plan
If a parent, gain financial education knowledge to teach your high school student(s) or young adult(s) in life skills pertaining to money management
Receive tips to increasing your Credit Score and how to avoid credit pitfalls

Any adult responsible for a household budget, including beginner wage earners.
Any adult who needs help or has not been successful in building their emergency fund.
Any adult who has extreme debit - credit card(s), car loan(s), student loan(s), personal loans, etc.
High school students who need life skills education