Part 1 (1/2)

How to

”Set up a Faet tells us e can't afford, but it doesn't keep us froet tells us e can't afford, but it doesn't keep us fro it”

Williae faet is a fiction, invented by statisticians for the convenience of statisticians” statisticians for the convenience of statisticians”

Sylvia Porter Unlike the quote provided above, seeets today, ill attempt to take a , as a fae tool and life-enabler oriented, user-friendly, financialtool and life-enabler

However, when reflecting on fa as to why notit, it becomes self-evident that similar skepticislobally so

Once you start probing fa the subject in-depth, it becoht in a vicious, alo out” ”What coeting is a futile effort, unnecessarily burdening theo broke methodically and sloithout the creature coences of our huht voice that they feel as if they arespiral of spend, spend, spend People are getting deeper and deeper into debt, no et out of it Questions are then raised : Hoe stop these courses of action? Hoe change the thinking around family fiscal discipline?

Put siet”, we focus in on how to eets, stick to them and celebrate their successes (and learn from their failures!)

3

Fas start to grow, consolidate their debt, set aside discretionary funds and personal allowances, build their wealth and become more aware of their pro-active involve their lives and finances This is when exciteht patters as well as spending attitudes are changed

Budgeting is seen as an accurate nificant behavioral transforet, spending habits and financial patterns we observe over tih cash at the end of the month to pay bills, buy necessities of life? Are you barelya dent in your credit card debt balance, no matter how hard you try?

Here is a reality check for all of us: if we choose to spend it, it is gone for good We cannot spend it on anything else Are you perhaps worried about a nest egg for your golden years or savings for early retirement? Then you have arrived at a source that can provide some prudent tips on how to start, finish, iet

The faet is a dynamic process, even more so than a mere static work-product, result, process-outcoe over time It becomes a barometer of a family's fiscal circu is not ason what you cannot have, but hts on how to stretch, invest and spend your earned dollarsfurther

This quick-reference how-to guide was developed to assist you with setting up your own personal, household and faet, to help you with all of the above and et, to help you with all of the above and s will also be provided in these pages There are also thoughts and spending patterns that need to change, in order to become fiscally more disciplined and many techniques, attitudes, habitual behaviors that we need to un-earth, evaluate and possibly 4 change, before you even start budgeting

For exa down on careless spending, being on the lookout for careless credit card spending and letting the person who handles money best in your household actually take care of it, are all good exaet is noplan can help you see where yourto your incos ant and needready and prepared for bills we must pay everya budget you can live with and stick to easily It is not a difficult exercise, but one most people fear, avoid or dread because of the unknown and perceived cofully so!) It is not a difficult exercise, but one most people fear, avoid or dread because of the unknown and perceived cooal of this guide is to deht an easy systeet systeet

Many things actually drive our expenditure We choose to spend our s we value, need, prefer or consciously choose For so as si that yearly vacation

Whether you arefinancial decisions for yourself or your household, you arding your financial freedoet”, is a quick-reference, easy, how-to guide, h the typical, hen, what, where and how questions typically asked when considering fiscal planning for the household and or budgeting in general for your family need, means and circumstance, now and for the future is a quick-reference, easy, how-to guide, h the typical, hen, what, where and how questions typically asked when considering fiscal planning for the household and or budgeting in general for your family need, eting is not just about restricting spending and living a cheapskate life It is about insights, wisdom, informed decisions, action and sustained discipline when it cohts, wisdom, informed decisions, action and sustained discipline when it comes to your household financials household financials

This guide will invite you to learnIt focuses on practical application and zooestions” in your own hoether a dynamic, financial plan that suits your pocketbook, , assess quickly where you think you and your family are today

What kind of a picture do you have?

Could you co?

Did you have the data and numbers you needed?

Would you be able to plan for where you want to be and start living your life today as a fiscally sound and disciplined family with the information you have at your disposal at present?

Money o round! It is no secret that some of us have more, some have less We deal with our own personal finances and cash e needs, ement skills are also at different levels, as is our debt and savings!

Budgeting has to do with most of these perspectives and reflections

The purpose and goal of fa is:financial situational analysis and infor control or curbing spending and(iv) Starting to save, building up wealth and liquid assets over tih when creating a budget

If you are looking for ways toit reach and stretch further, and providing you with financial security and ayou with financial security and a ht place coht place

In this brief introduction on faets, we have already introduced our first couple of key questions key questions - Why an e-book or how-to guide on setting up a faet?

- What is the business case for and rationale behind faes of a faet?

We elaborate a little et is the equivalent of a simplistic process: money is earned and comes in; money is spent and moves out!

It is a fluid, easy-flow, one-directional, cash -orientation, or no plan at all!

For most families, income is also fixed and outflow typically increases over ti up on debt is also very typical for the majority of our families If this sounds very ht up in it and constantly battle to get out

Mostly, we think that isely spend our as and household or faer on where the ood place to start is to monitor these expenses

Take stock of your fiscal situation Start with assessing where exactly you are in your financial life and circumstance Most of us think we know, but we really do not

That is, until we take the tiure out what your financial worth is, look at all financial goals, and set a ti them Does this sound like an action plan? Where do you start?