by Judee Shipman
Shown below is a Free Printable Wealth Builder Monthly Budget Worksheet.
Here's How To Start Saving Money.
Advising people to “save money” is a bit like telling sick people to “get well soon.” It’s a vague, well meant remark that serves no practical purpose. The question is ‘HOW do we save money?’ The short answer is put some of it away in a separate, hard-to reach location and pretend you don’t have it.
Let’s first talk about how to save and store the significantly greater wealth that will be yours when you follow the instructions outlined in this book.
Once you have a place to put your money, simply follow the steps from start to finish. Then repeat the process. You will never do this perfectly. No one ever does. Your job is to just keep working, do your best, and be mindful of these principles.
The safest approach to saving money is to open a separate bank account from the one you normally use. Then just keep adding to it, bit by bit.
Open a savings account or (if you have a bit of money already) a CD (Certificate of Deposit) account. The CD account probably offers the highest interest rate of any account you can open at your bank. However, you are required to leave your money in there for about a year, or until it “matures.”
You will also need a monthly budget sheet to keep track of the small details of your finances, in order to be the best wealth builder you can be.
Shown below is a list of items typically seen on a monthly budget planning worksheet.
Print it out and use it as is, or modify it as needed to suit your lifestyle and individual needs.
Always keep careful track of your financial records for best results as a wealth builder.
Wages, Tips, Bonuses
INCOME TAXES WITHHELD:
Federal Income Tax
State / Local Income Tax
Social Security / Medicare Tax
Income Taxes Subtotal:
Mortgage or Rent
Repairs / Maintenance / HOA
Water / Sewer / Trash
Gas / Oil / Propane heat
Day Care / Babysitting
HEALTH AND MEDICAL:
Out of Pocket Expenses
Gasoline / Oil
Repairs / Maintenance
Fines / Fees
Other (Tolls, Bus, Taxis, etc.)
TV / Videos / Movies
Subscriptions / Memberships
Sundries / Grooming / etc.
Grooming / Boarding / Vet
INVESTMENTS AND SAVINGS:
401K or IRA
Stocks / Bonds / Mutual Funds
Anything not listed above
Total Investments And Expenses _____________
Surplus or Shortage (Spendable income minus total expenses and investments) __________
Research has shown that people who form a specific plan involving both short and long term goals save about twice as much money as those who do not have a money saving plan in place.
Now is the time to think about what you really want. A new car? A new house? A luxury vacation? Whatever. Set your chosen object of desire as a long term goal. Continue to envision it as you keep saving money.
Now that we have our savings plans in place, let’s talk about piling up the cash.
INTRODUCTION (You Are Here)
CHAPTER 1 (Wealth Through Exercise)
CHAPTER 2 (Fitness the Old Fashioned Way)
CHAPTER 3 (11 Common Exercise Myths)
CHAPTER 4 (Food List and Nutrition)
CHAPTER 5 (Healthy Weight Chart And More)
CHAPTER 6 (Alternative Health And Exercise)
CHAPTER 7 (How To Eat Whatever You Want)
CHAPTER 8 (10 Common Nutrition Myths)
CHAPTER 9 (How To Start Saving Money)
CHAPTER 10 (How To Keep Saving Money)
CHAPTER 11 (List of high paying Jobs)
CHAPTER 12 (Real Estate Investments)
CHAPTER 13 (Stock Market Investments and More)
CHAPTER 14 (Wealth Building Strategies)
CHAPTER 15 (The Short Road To Happiness)
CHAPTER 16 (Spiritual Wealth)
CHAPTER 17 (Delicious Healthy Recipes)
CHAPTER 18 (More Recipes)
CHAPTER 19 (More Recipes)
CHAPTER 20 (More Recipes)
CHAPTER 21 (Sweet Treats YOU Deserve)