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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Saturday, June 17, 2006

Home Personal Finance Plan

Whether you are single, married, divorced, have 10 kids or none you need a realistic home personal finance plan. If you have no plan, you need to set up the building blocks so you know how much money is going where. Oftentimes people do not respect their money and so they avoid putting together a personal finance budget and plan. Respect the money that you work for; keep track of where it is going and know what you plan to do with your money now and the future.
  1. Set up a budget
  2. Get personal finance software like Quicken or Microsoft Money
  3. Sit down with family members to discuss you Family Finance Plan
  4. Discuss your Personal Family Budget
  5. Set Personal Financial Goals
  6. Decide where your money should go
  7. Track your spending and budget

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