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As Deborah Fowles, financial writer of about.com, stated in her article * Financial Planning *: * To those of you who think you know where your money goes without keeping detailed records, I issue this challenge: keep track of every cent you spend for one month. I promise you'll be surprised and perhaps shocked by how much some of your "small" expenditures add up to. For an eye-opening illustration, try American Express * Savings or Spending Big Calculator at http://www6.americanexpress.com/401k/scripts/saveBig.asp Enter cost and frequency of a habit or indulgence and how many years you expect it to continue. Click a button and see not only how much you'll spend over specified time period, but also how much that same amount would grow to if you invested it at various rates of return. Mind-boggling! *
You might think all of this is too much work, am I right? Well let me ask you, how much work will it be or take when you are retired and have no savings, no investments, no assets, no money, no NOTHING because you didn't control your cash flow?
If you're already retired, how hard might you be struggling because you aren't paying attention to your money?
As Dr. Lair Ribeiro, author of * Success Is No ACCIDENT * wrote, * If you go on doing what you've always done, you'll go on getting what you've always got. *
STOP procrastinating! Get your priorities in line! Get focused! OverHall your cash flow so you can stop worrying about money, stop living from pay check to pay check, stop being late on your bills. Work on balancing your cash flow so you won't have problems or troubles NOW or in your later years.
TIP: The best time to work on this is when you are paying your bills.
Business Owners-The Small Buisness Development Center in your neighborhood will be happy to help you for FREE with your business cash flow!
Websites of interest:
~~ Basic Budget Worksheet at http://financialplan.about.com/finance/financialplan/ library/blbudget.htm
~~ Budget Worksheet http://www.moneyminded.com/incomego/start/a7budw15.ht m
~~ List of Small Business Development Centers http://www.nttc.edu/assist/sbdc.html
~~ Cash Flow Worksheet http://www.e-analytics.com/fpa2.htm
~~ Managing your Business Cash Flow Worksheet http://www.businessweek.com/smallbiz/lifestyles ext/ p06_0100.htm
~~ FREE Exl-Plan Business Shareware to prepare comprehensive financial projecitons, budgets, and business plans http://www.planware.org/exldown.htm Smiles, not Piles, Janet L. Hall
The Organizing Wizard, Janet L. Hall, is a Professional Organizer, Speaker, and Author. She is owner of OverHall Consulting, and Organizing By Phone. Subscribe to her FREE organizing newsletter at http://www.overhall.com/newsletter.htm or visit her web site at http://www.overhall.com
Copyright ( C ) 1999, 2000, 2001 by OverHall Consulting P.O. Box 263, Port Republic, MD 20676 All Rights Reserved. Permission is granted to reproduce, copy, or distribute so long as this copyright notice and full information about contacting author is attached.
The Organizing Wizard, Janet L. Hall, is a Professional Organizer, Speaker, and Author. She is the owner of OverHall Consulting, and Organizing By Phone. Subscribe to her FREE organizing newsletter at http://www.overhall.com/newsletter.htm or visit her web site at http://www.overhall.com