Skip to comments.Frugal Family: Planning Your Family Budget
Posted on 01/10/2012 10:20:30 PM PST by Altariel
Heres a brief overview of some of the most popular tools for managing personal finances.
1. Some of the most popular buzzwords in recent years have been Dave Ramsey and Financial Peace University. Ramseys program is a 13-week course (usually two classes a week) that claims families pay off an average of $5300 in debt and save $2700 in the course of those three months. The classes are typically around $100 and are offered in multiple locations, led by Financial Counselors who have gone through a training course within the program. Visit www.daveramsey.com for more information.
2. Other families find that hiring a financial planner is the way to go, as far as getting the help they need for navigating monthly and annual budgets as well as long-term savings goals. John Hancock and Charles Schwab are two of the most well-known financial planning companies, but most banks have financial planners available to talk with clients, as well.
3. Others prefer to tackle things on their own, sometimes with the help of a book or two. A few of the highest ranked financial planning books on amazon.com include Carl Richardss The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money, Jim Stovalls The Ultimate Financial Plan: Balancing Your Money and Life, and Jeff Opdykes The Wall Street Journal Complete Personal Finance Guidebook. A quick search of Amazon.com on personal finances yields over 36,000 results, though, so if none of these sound good, keep looking around and youre sure to find a book thats a good fit.
When it comes to household budgeting, are you a class taker, do you work with a financial planner, do you research with books and internet resources, or is your system completely different?
(Excerpt) Read more at stonemountain.patch.com ...
Earn an Education
Spend Less Money than you Earn.
I read “More Than Enough” by Dave Ramsey, and all the similar stuff I had read over the years by a number of authors finally “clicked”. I was able to finally get serious about watching my finances and getting things paid off. I can’t honestly say it was anything in particular in this book that finally woke me up or whether I had finally matured enough to face my finances like an adult.
Whatever the cause, this was the result.
I followed up by going through the Financial Peace University a couple of years later to get the “do it with a crowd” experience.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.