For some, the idea of a budget is often a blur. It is frustrating to see how hard it is to do a budget and realizing that with one wrong purchase, you can actually ruin the entire thing. And this has been a perennial headache for most homemakers.
It is about time to overhaul the way people look at budgeting. It can actually be a great way to keep track of your family's expenditures and help you evaluate the things that you spend the lion's share of the family's earnings on.
What is a budget? A budget is a tool for handling your finances by controlling the family's expenditures in a way that money is enough for paying up bills, and still ensuring that savings are set aside for future expenses - vacations, or children's education, or even for retirement.
Try these simple steps in preparing a no fret family budget, and see the benefits of intelligent spending.
1. Gather three months of your pay stubs and get your average monthly earnings.
2. Get out three months of your monthly bills. Do this for the fixed expenses like the rent, phone bill, car payments and other loans that come monthly. Add them up and get the average. Do the same for other expenses like groceries, and credit card bills.
3. Evaluate the results of your computations. Looking at your average monthly earnings against your monthly fixed expenses and other monthly expenses, think of some ways to economize. Cut back on some items that are somehow unnecessary.
4. Knowing the facts of your income and expenses, develop a family budget and try to stick to this monthly budget.
5. Now that you have a monthly budget, set up a savings account. Save up by making regular deposits to this account.
6. Keep track of this monthly family budget just to see if it is working for you. Try to fine-tune the "rough edges" of this budget as you go along.
7. If you can get hold of a personal budgeting software or spreadsheet application to keep record of your budget, the better. This will make organizing your expenses very easy.
These are the basic steps in developing and implementing a no fret, easy to stick to monthly family budget. Of course each family has diverse needs and wants. You have the freedom to develop your own monthly family budget, depending on your family’s financial background and needs. No matter how you do it, just focus on the end result, which is building a savings that leads to a bright and financially stable future for your family.
Summary:
Detroit Schools battle the classic struggles of a major city: high teacher turnover, high dropout rates, low test scores, and on-going violence. For some of Detroit Schools, however, all these problems may soon disappear. 34 Detroit Schools are slated to close by fall of 2007. Problems such as deteriorating buildings, failing test scores, and shifting populations compelled board members of Detroit Schools to recommend the closing of such facilities.
Apparently, some of the...
Keywords:
Detroit Schools
Article Body:
Detroit Schools battle the classic struggles of a major city: high teacher turnover, high dropout rates, low test scores, and on-going violence. For some of Detroit Schools, however, all these problems may soon disappear. 34 Detroit Schools are slated to close by fall of 2007. Problems such as deteriorating buildings, failing test scores, and shifting populations compelled board members of Detroit Schools to recommend the closing of such facilities.
Apparently, some of the students like school a bit more than they had let on. Several hundred students from Northern High School and Murray Wright High School arranged protests and rallied the Detroit Schools at the District Office. Another organized protest at Northern ended in 2 arrests, and several students being pepper-sprayed or detained. But it worked. The Boards Human Resources Committee turned over a recommendation to take both schools off the list along with Mackensie High School and Higgins Elementary School.
Parents of Higgins Elementary students kept their children out of school last week to protest the closing. Now everyone waits. The Board of Education will vote whether to take those schools off the list permanently, or let the ax fall. School closings cause controversy because the schools effected tend to be in poorer areas. Detroit Schools face the decision of whether to pour more money into these old buildings and failing schools, or to force children into other schools that might be further from their homes.
Even if these Detroit Schools are allowed to keep their doors open, they face an uphill battle. Detroit Schools are trying to stomp out the culture of violence that has given them such a bad name. Unfortunately, that isn’t proving easy. Recently two 17-year-old boys were killed outside Henry Ford High School in an incident attributed to a gang clash.
The two boys are students in Detroit Schools. Both used to attend Ford, and one is currently at Mackensie High. One boy was shot in the face and the other received a superficial wound.
Where are the answers? Voters in Detroit Schools apparently believe that money is not the answer. Frustrated board member have seen bond after bond voted down for items like roof repairs, better technology and athletic fields. Many blame the overall economy for the refusal of voters to dish out more funding Detroit Schools.
Detroit Schools have turned to polling companies to help them assess how much in funding they can ask for, and what segment of the population to target for it. Yet critical items like boilers and crumbling buildings get left out in the cold if the equation is not exact. Detroit Schools are likely to see many more closings in the future is administrators and voters can’t come to some consensus.
