The Center For Debt Management
Debt Relief

Debt Consultation

Debt Settlement

Debt Consolidation

Debt Management

Credit Counseling

Filing Bankruptcy

Budget Software

Tax Debt Relief

Student Debt

Business Debt

Stop Foreclosure

Credit Report

Legal Resources

Credit and Financing

Financial Resources

Income Resources

US Tax Center

Insurance Center

Financial Library

Financial Bookstore

If You Have Found Our Site Helpful Bookmark Us Now And Be Sure To Come Back Often!

If You Have Your Own Website, We Would Appreciate You Linking To Our Website.


Creating A Personal Budget

The First Step in Money Management
Is Creating a Personal or Family Budget!

In its simplest terms, a family budget is simply a list stating your total household revenues and all expenses. The purpose for creating a family budget (or personal budget) is to provide a realistic forecast of all revenues and expenditures, typically on a monthly basis.

When creating a personal or family budget all sources of income (inflows) are identified and expenses (outflows) are planned with the intent of matching outflows to inflows. In theory, a budget is designed to restrict an individual or a household to spend no more than its total revenues coming into the household. In other words, it is designed to be a means or system to make ends meet.

There are actually many types of budgets to meet a wide variety of conditions, such as, marketing budgets, expenditure budgets, sales budgets, production budgets and cash flow budgets. However, this article is only concerned with family budgets, or what is also called a household budget, or if single, a personal budget,

In reality, a budget can be hand written on a single piece of paper. Or it can be very complex, perhaps created on a spread sheet or what is more common today created with specially designed software.

What is important to understand, is if you are currently experiencing financial hardship, your first step is to create a budget! This is so very important let me repeat. If you are currently experiencing financial hardship, your first step is to create a budget!

In order to resolve your financial troubles, you MUST know where you stand. You must know how much money you have coming in and how much money is going out. Then you must change your lifestyle to make ends meet. Failure to do so will ultimately lead you deeper into debt and likely lead to bankruptcy. Start a budget today!

As noted above there are many ways to create a budget. Your costs may be nothing more than the cost of a pencil and piece of paper. There are also many software programs available; some are priced very reasonable and other extremely expensive. The benefit of a professional budgeting program, however, is that they are typically very easy to use and they provide a lot of helpful information.

Money Tree — Personal Budgeting Software

Our choice of budgeting software is Money Tree. Their software is only $24.95. And, in addition to the software program, includes The Complete Interactive Guide To Money, The Art Of Money Getting, Think and Grow Rich, Fundamentals of Prosperity, and The Real World Budget Buddy. We do not know of a better deal or a better program.

Money Tree. is the easiest way to start managing your money. It was created from the ground up so that you can create a budget in less than 20 minutes and have all the powerful tools that will help you monitor, modify, and stick to your plan.

The software works by helping you create a straight forward plan with all of your expenses, incomes, and goals laid out so that you have the clearest possible picture of your financial situation. Where other financial products bombard you with bells and whistles, Money Tree sticks to the no-frills, time proven fundamentals of good money management.

Money Tree Personal Budgeting Software comes with a No Questions Asked 60 Day Money Back Guarantee! This mean's there's absolutely no risk in trying out Money Tree.

If you are experiencing financial hardship, whatever you do, start to create a budget today. Even if it's a simple budget hand written on plain paper. However, we believe that the $24.95 cost of purchasing Money Tree will reward you many times over. To learn more about their budgeting program, including a demo video and screen shots of the program in action, click here to go to Money Tree.

Featured Budgeting Articles:

Practical Advice For Everyone
On How to Save and Manage Money

No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are some of our recommendations. Click to read more ...

Tips For Major Life Events: Ways To Cope
Financially During and After a Big Change

Here are suggestions for staying focused and avoiding costly decisions during changing times. Click to read more ...

How To Manage Your Debts To Regain Financial Health

Can't pay your bills? You're not alone. Today, millions of Americans are having difficulty paying their debts. Most of those in financial distress are middle income families with jobs who want to pay off what they owe. Click to read more ...

Money Management and Budgeting Articles:

Income and Expense Worksheet
Managing Your Expenses on a Fixed or Reduced Income
Helping Disabled and Elderly Relatives with Money Management
Accounts Payable: What You Owe
Money Tips: Teaching Children The Financial Facts of Life
Money Tips: Starting a Household on Solid Ground Financially
Strategies for Saving Money On Loans and Credit Cards
Common Mistakes Young Adults Make with Money
66 Ways To Save Money
Helping Your Money Last...After Your Last Paycheck
Money Tips For Teens: Managing Money in the Real World
Taking Charge of Your Credit Cards
Charge-Offs: How it Relates to Consumers & Their Credit Reports
Credit Matters: A Primer on Credit Card Use
Default: Failing To Meet Your Legal Obligations
Insolvency: What It Means To Be Insolvent
Making Sense of Savings: What Do You Do With Your Money?
What to Know Before Declaring Financial Independence
Money Tips At Midlife: Managing Today & Saving For Tomorrow
Getting Your Finances Ready For Your Golden Years
Ways to Cope Financially During and After a Big Change
Mortgage Payments Out of Control? Here's What to Do
Your Credit Record: A Report Card On Your Personal Finances
Using Plastic: A Young Adult's Guide to Credit Cards
Planning For Financial Independence In Later Life
Penny Wise or Pump Fuelish?
Twelve Ways to Lower Your Homeowners Insurance Costs
Nine Ways To Lower Your Auto Insurance Costs

Over 2,000 Pages of Content
Free Debt Consultation


• Talk to a Certified Debt Counselor

• Learn Your Financial Alternatives

• Get Answers To Your Questions

• Ask For a FREE Financial Analysis

• Various Programs are Available

• Avoid Filing For Bankruptcy

• Get Out of Debt and Start Living!



(That's 1800-332-8266)

For a No Obligation Confidential

A Professional Debt Counselor Is Standing By and Waiting For Your Phone Call This Very Moment


Or, Click Here To Apply Online
and For Other Debt Relief Options

Center For Debt Management

Center For Debt Management

The Center For Debt Management

Helping Consumers Save Money and Reduce Debt Is Our Only Business!

We invite you to explore the sectors listed below. We promise that you'll find exceptional values, offers and resources to reduce your living expenses and to enjoy life! But First—if you're over-your-head in debt—get a free no-obligation debt consultation right now!

Debt Management and Financial Services! The Internet's oldest and most comprehensive debt management agency! Resources for debt management, consumer credit counseling, debt consolidation loans, debt settlements, legal aid, financial aid, credit and financing, credit reports, budget software, insurance, income resources, tax assistance and more. Get out of Debt! Call Now — 1800DEBT.COM

Established In 1989 and Serving The Online Community Since 1992!

Get Out Of Debt: Call

Center For Debt Management