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Budget your way to Debt Free Status with Excel Templates

 

Some people complain about their debts and never having any money or have no idea where all the money gone to. They spent most of their working life settling debts and yet the debts never seem to end.

spreadsheet-excel-templates

It is not because they never plan how to settle the debts. In fact, most of them do some kinds of unwritten personal budgeting. Unwritten personal budgeting is as good as none as they are most probably be forgotten as soon as they are done. Putting plan in budget spreadsheet will tell how much money you have. With such information, you can plan what best actions to take to reduce your debts.

Personal finance budgeting is especially important when you do not have strong money management skills. Poor money management skill could be easily passed off as an excuse for not having enough money to meet all financial obligations. To overcome that problem, you first have to determine your current net worth. Budget spreadsheet can help to your calculate your current net worth. The spreadsheet is nothing more than a list of your incomes and expenses. In most cases everyone knows how much they make.

Putting all your income and expenses into the budget spreadsheet will ensure that you would let slip any of them. By follow the steps in the spreadsheet, you will be able to calculate your current net worth. If your current net worth is negative, you are technically bankrupt. Having a positive net worth, mean that you have available cash at your disposal. There are formulae to handle both negative and positive net worth.

Setting up a budget spreadsheet is the most important part of any debt payoff strategy because of two reasons. When you put your first budget together it shows you where your money has been going

Budget spreadsheet also serves as a check on your financial status. Knowing your financial status can help you to avoid financial hardship later on.

Templates:

yearly-spreadsheet-excel-templates

personal-excel-form-spreadsheet-excel-templates




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4 Tips On How To Accumulate Wealth

by ryan on January 2, 2017




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4 Tips On How To Accumulate Wealth

 

One great way to get rich is by spending less and make the right investment decisions. Spending less is not a natural skill that comes with human. However this skill can be learned easily by anyone with proper guidance. Here are some tips on how you can accumulate wealth when you are still studying in college or school.

1. Spend within your mean.

It is easy to spend money and there is so much enjoyment that you can easily spend more than what you can afford.

In order to ensure you do not go over board in your spending, try to keep a budget journal to forecast your spending for a month. Calculate how much extra you can have as pocket money. Do not spend above your pocket money.

2. Good habit

Learn how to be a good student. One good tip is to offer help voluntary to the school. Cultivate hard working and helpful habit. Be polite and humble in all your approach.

The reason why this can help you to accumulate wealth is that this will turn them into a launching pads for future careers. Believe me, it works.

3. Own business

Business can start in any time of your life. In fact a lot of own business starts in college days which most students did not realized that they have started them unconsciously. Check your knowledge and skills. You be surprised that you could offer them to the public for a small fees. Can you install a hard drive? Can you strip a computer of spyware?

Can you perform minor car repairs? Do you have a pickup truck you could use to haul furniture? Are you a passable guitar player? Charge cheap rates and exceed expectations. Word will spread. When you’ve built up a customer base, you can raise your rates a little. This is an awesome way to make money.

4. Investing

Many people think that investment is something you can only do when you reach forties and above. In fact, you could do this even if you are still studying. What you need is some money. But remember to get advices or consult people who have experience in this field.

Template Examples :

hotel-reservation-template-for-excel

excel-form-spreadsheet-excel-templates

 

They will be able to give you good advice and how to do it within your budget. Sharebuilder is a great choice for students. It costs only $4 to make a scheduled stock purchase, and you can invest any amount of money, even $20.




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These Budgeting Spreadsheets Help

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Money Saving Tips for Students with Excel

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Budget Spreadsheet

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Sponsored Budget Spreadsheet   PLAN YOUR ROADMAP TO YOUR DREAM IMPORTANT OF BUDGET SPREADSHEET Budget spreadsheet is especially important in time of rising cost of living, inflation and economy uncertainty. A budget spreadsheet will let you know your net financial position, assist you to manage your money, and guide you to reach your economic goals […]

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