Now jot down the answers to these questions:
Is your monthly income equal to or greater than your Routine expenses? How much do you have left over each month?
How do you currently plan for those annual or semi-annual expenses like auto or home insurance? (Or, do you just wait for them to surprise you?) Does it make sense to you to just put aside a set amount each month to cover those expenses when they come due? So that they don’t “creep up” on you?
How many of those Extra expenses could you cut out of your monthly spending without missing? Are there “extras” that you could account for as a set aside?
Do you have any room to set aside a contingency for emergency expenses?
For tracking and planning your financial life (by PC World.com)
Mint – Connects to your various financial accounts and will track expenses in real-time.
You Need a Budget – Gives every dollar a job!
Every Dollar – created by Dave Ramsey with basic categories and simple strategies.
Quicken – Provides three versions from simple to robust depending on need.
Personal Capital – A more powerful money management app.
Your donation of unwanted stuff not only helps those in need and declutters your life but can also be tax deductible!