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How to Budget your Money for Debt Relief

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How to Budget your Money for Debt Relief

How to Budget your Money for Debt Relief

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Home Page > Finance > Debt Consolidation > How to Budget your Money for Debt Relief

How to Budget your Money for Debt Relief

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Posted: Dec 10, 2006 |Comments: 0
| Views: 310 |

Creating a budget can help you to achieve debt elimination and get you out of debt. In fact it is not a difficult process. You need a piece of paper, a pen, copies of your bills and expenses, and a little time and determination. And to do it successfully requires you to set up a budget which you can live with, adjusting it as needed and follow it.

Create Your Budgeting Plan

Use simple household budgeting tips to get out of debt and get your finances under control. Estimate your housing costs, utilities, food, clothing, transportation and vehicle costs, medical and/or family expenses, entertainment and online services, credit card payments and debt priorities, and lastly, other expenses. In your budgeting plan, allocate a portion of your money under safety net account. The money in your safety net account can only be used on emergencies, to recover for unforeseen expenses, for income lost protection and for myriad of other financial busters.

Track Your Spending

After you have allocated your money, apply all extra funds to pay ahead on your debts. In using your money toward debt reduction instead of treating yourself to another fancy dinner or extra pair of shoes, you can watch your debt dissolve quicker than you might imagine.

Once you have set up your budget plan, track you spending to know where your money is actual going and whether it is within your budget. Keep a record of all money spent, whether it is by cash, check, credit card, etc. Once you know where your extra money is going, and oftentimes, realize how you can save hundreds of dollars that can apply directly to your debts and make huge strides to reducing your debt away.

Monitor & Review Your Budget Plan

Budgeting is a process of create a living plan and managing your money to meet your short and long-term goals. Your budget plan should be flexible and being review from time to time and make the necessary change in line with your current needs and circumstances. A static plan that never changes could doom you to failure right at the beginning.

Online Resources

There are tons of budgeting tips and tools which you can find from internet. From budget calculators and worksheets, to detailed software programs, research your options online for the one that best suits your needs. Use these extra information and help on your budgeting process.

Happy Budgeting!

Creating a budget doesn’t have to be a painful restricting process, what you need to do it to make it a habit to know whether your money is going; and by knowing the flow of your money, you have a better control on your money and eliminate unnecessary expenses and the saved money can by dump debt accounts to reduce your debts and get rid of it one day. You may not create a perfect budget plan at your starting stage, continue to review and make necessary changes to in line with your needs and financial capability and the most important is follow your budget plan to make it successfully relief you from debts.

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Cornie Herring is the Author from http://www.studykiosk.com/CreditBasics. “StudyKiosk-Credit Basics” is an informational website on credit basics and debt consolidation. To see recommended, credible lenders and loan service companies, visit: Recommended Bad Credit Debt Consolidation Services and Lenders

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If government grants are available to anyone in debt without the capacity to repay those debts, why do debt relief companies require a certain amount of weekly income to be eligible for g’nt grants
I have over 50,000.00 in credit card debt. I am trying to find a legitimate debt relief company to assist me. I do not want to file for bankrupcy. Can you help please? I feel like I am drowning
Whats a great way to advertise a gun store on a small budget? I am in the process of starting up my own smalll gun dealership and have no idea how to advertise without spending alot of money any ideas

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Demo video for the iXpenseit iPhone App. iXpenseit, by FYI Mobileware, is an expense tracking and budgeting app that’s very easy to use. When you launch iXpenseit, you see today’s transactions, and a battery-meter-style representation of your current budget (if you have the budgeting feature turned on). There are arrows to move back and forth between days, and the bottom toolbar, where it’s really easy to add a new purchase. Simply enter the amount, choose your currency if necessary (the app does conversion for you), and tap done. On the next screen, you can choose a type, category, and subcategory from a series of customizable lists. You can specify the payment date, say whether you used a credit card or cash, and record the place of purchase for the item. The app saves the vendors you enter, and easily allows you to add new ones. The notes section lets you enter information about the purchase or other important reminders, and the photo tools even lets you snap a picture of the receipt, either from within the app or by using your camera roll. Once you’ve saved your entry, you can look at your monthly expenses by category, with all of the notes and images embedded. The app’s search feature gives you quick access to any transaction you’ve entered , and an individual export feature lets you send a specific record to anyone via email. The reports button keeps you well-informed of your spending, and generates charts of any or all of your expenses. You can email these reports …
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Budgeting Without Shame

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Budgeting Without Shame

Budgeting Without Shame

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Budgeting Without Shame

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Budgeting isn’t that big a deal. Too many people look at budgeting as this large sign saying “I have money trouble.”

But it is far from that. Budgeting is responsible financial management. Every successful business budgets. Even the government budgets. It is necessary if you want to meet your financial goals. You may be thinking that no one you know budgets right now, but eventually they will need to. After all, you don’t want to be working well into your retirement years just because all of your friends are.

Budgeting keeps you ahead of your bills. It helps you pay off your debt and save for the things that really matter to you. Stop thinking of it as a way to limit your spending or hold you back. It isn’t a financial diet. It is a financial road map.

Think of it as three main parts: summarizing how you spend, controlling what you spend and planning for your future.

When you first start budgeting, the first step is to track your spending for a short amount of time to see where it is going. Set up income and expense categories to fit your spending. Using someone else’s categories or budget template almost never works. We all have different expenses. It helps to keep all of your receipts for two months. Use these to create your categories and see where you are spending your money.

Make your categories detailed enough to tell you where things are going, but don’t go too far and get too detailed. This will just slow you down and make you want to give up.

Once you know what you are spending and where, you can establish some spending goals for yourself. There are some places you can skim back and there are some that you can’t. You have to be realistic. Don’t set a goal of cutting back your grocery bill by 0 in the first month. Take smaller steps and set smaller challenges. Look for ways to reduce your spending and make it a challenge.

As you work on cutting your costs and reducing your spending, you can start working towards the financial future part of your budget. I like to include with my budget all the planning I do financially. Your debt reduction, your yearly expenses savings, your insurance needs — this is all tied to your budget. Plan out what you need to do to get out of debt. Without your budget, you wouldn’t be able to find the money to pay off your debt faster. Include in your budget categories for debt reduction, emergency savings and yearly payments. You will probably find that you have to choose one goal at a time to work towards. Pay off your debt first, then start your savings.

And keep in mind that a budget isn’t something you write down and then try to stick with no matter what. Budgets move. They are adjustable. Just as your finances change, so will your budget. You may find that you have less income one month and need to readjust how much you can spend on groceries and entertainment for the month. Or you could have an unexpected bill come in. Don’t just toss away your budget when this happens, use it to take care of the situation.

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Why You Need Money Budgeting Software

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Home Page > Finance > Personal Finance > Why You Need Money Budgeting Software

Why You Need Money Budgeting Software

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Posted: Apr 15, 2009 |Comments: 0
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With the credit card society we live in today keeping accurate track of expenditures is very important. People forget that they are spending money when using a credit card and in most cases those who use credit cards spend 18-20 percent more on a purchase then if they were using cash. In the end they end up spending more then they can afford.

Because of this many financial experts agree that using a budget can help most consumers start to take back control of their financial situation. A budget gives them the ability to manage their income and expenses and get out of and avoid the debt that plagues most people these days.

Unfortunately many people are budget challenged. They have a hard time just getting a budget started much less following one. They feel that if they just had some help they could more easily come up with a reliable and workable budget.

Money budgeting software was created for anyone interested in making and following a budget, but it can be a great use to those who have trouble setting up and following a written budget. The power of a budget software package is such that anyone can use it and there is almost nothing about their finances that they cannot track.

Today’s budgeting software takes all the guess work out of tracking income and expenses, along with credit card bills, savings accounts, mortgages, retirement plans and a whole lot more. With different ways to look at your finances through graphs and spreadsheets you can easily keep track of where your money is going and how to best make it work for you.

Here are three big ways that money budgeting software can help improve your personal or family financial situation.

1. Your can track you expenses very accurately. Budgeting software is very adaptable to each individual situation and will evolve with you as your financial needs change over time. Keeping track of you cash flow, both incoming and outgoing, is of primary importance when it comes to taking charge of your financial future.

2. Future projections. This is one area that budget software excels at. It can give you a look at your financial future if you follow your budget and all it entails. By projecting different budgeting scenarios you can easily choose the type of financial future you wish to have.

3. Take control of your money. Many people work for their money, but once they have their paycheck they do not allow their money to work for them. Without an accurate picture of cash flow it is hard to keep control of your financial situation.

Money budgeting software can give you the control you need to keep your expenses under control. This will give you the ability to have your money work for you in such a way that your financial future will be secure.

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Im trying to feel happy but i dont what can i do i need money fast alot going on what can i do to attract more money in my life and to continue a steady flow
I am going to get evicted and I need money from my compensation case early. Can I recieve money early in NY?

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Five Budget Leaks & How to Plug Them

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Five Budget Leaks & How to Plug Them

Five Budget Leaks & How to Plug Them

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Five Budget Leaks & How to Plug Them

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Posted: Oct 03, 2008 |Comments: 0
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Budgeting is an important step in our financial planning especially if you are in the process of getting out of debt. The key reason we want to keep tracking our spending when we live in budget is so that we know where our money goes and make sure it goes to the right place while it helps us to spot the leaks so that we can plug these leaks as soon as possible. Here are the common five budget leads and how to plug them so that you are spending within your budget:

1. Food. If you find that you end up spend more on food then you budgeted for, it probably because you dine out too often. It is 5 times more expensive to eat outside then preparing the meals for yourself. So, your action to plug this leak is to cut back on going out to eat. If you are the person who enjoy dine out, then you have to budget for it. Make dinning out a short-term goal every month, and set aside some money for it.

2. Retail shopping. Impulse buying may causes you overspend your money and live out of budget. Hence, remember to make a list on the things that you want to buy before you go out for retail shopping and insist on just buying the items on your list. If you see a thing that you like very much and thinking of buying it, bring the idea home for re-consideration, and if it is worth to buy, then make a budget for it.

3. Entertainment. People often spend more than they plan to on entertainment because of the impulsive nature of it. And, often you are unable to predict every time your colleagues or friends invite you out for an evening of fun, so it’s hard to have the money set aside for it. But, you still need to plan it into your budget plan. During your budgeting, you should always allocate some portion of your money for unpredicted occasions so that you have enough money to handle whatever unpredictable entertainment expenses should pop up.

4. Auto repairs, veterinarian’s bill and emergency medical expenses. These expenses are not a really leaks, but the emergency needs that can’t be planned for. To deal with this category, it’s crucial that you are building your emergency funds. Else, you may live out of budget if one of these emergencies happens suddenly and you do not have the money to handle it. Hence, you should build up ample savings that can handle these situations when they occur.

5. ATM. The ATM or the debit card can provide great convenient when go for shopping because you can access your cash easily, but it can be the biggest leak. Say you are at the grocery store, and you have budgeted to spend 0 on this shopping trip. If the total bill is 8, and you have got that debit card, you will probably pay the extra and causes a leak to you budget. But, if you just take 0 cash into the grocery, you can only spend up to the maximum of 0. Although the might not seem like much, but when you add up many of , small leaks become big ones.

Summary

Budgets leaks can cause you live out of budget; hence you should always be able to spot any budget leak so that you can plug it when it occurs.

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Easy Ways to Budget Your Income

admin — Tue, 15 Mar 2011 22:28:04 +0000

by Michigan Municipal League (MML)

Easy Ways to Budget Your Income

Easy Ways to Budget Your Income

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Home Page > Finance > Easy Ways to Budget Your Income

Easy Ways to Budget Your Income

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Posted: Oct 12, 2009 |Comments: 0
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While we may know how much money we have coming in, studies show that most of us don’t know what is going out. Not knowing how much money we spend each month may cause us to use credit cards or get a payday loan to cover the shortfall.

We need to actually monitor our spending habits to find out the best way to maximize our financial resources. The best way to do this is to keep track of every purchase made, regardless of whether you use a check, credit card, or cash. In learning how to prepare a budget, it is important that this is done for two to three months.

Monitoring spending is helpful

This may seem to be a little bit tedious to do, but the results will really help get you on track financially. By monitoring your spending habits, you accomplish two things.

First, you will be able to confirm that your budget is accurate. If your budget calculations are off, then it will not be easy to stick with. Remember, a budget is not meant to be a constraint. You want to have a budget that reflects your actual spending habits.

Second, you will be able to see some of your own common mistakes. You will begin to see how those little purchases add up.

For example, I love donuts. Although I try not to eat them too often, there are many times that I’ve bought one or two donuts from the mini-mart when I stopped to get gas. I may only spend one dollar at each stop, but if I do this two or three times a week, that can add to my food budget. If I were to pick up coffee as well, that might add another or .

If I did not figure this into my food budget, I would have problems. Since all of our money is supposed to be accounted for in our budget, there is no “extra” money. That means that if I don’t take it from my food category, I am taking that or from another category. This would throw the entire budget off course.

Beware of small, impulse purchases

Small and impulsive purchases like this are usually the reason that our money does not make it through the month. Lots of little purchases can end of eating away a significant chunk of our monthly income because we don’t really see it happening. The money disappears a little at a time, so it doesn’t hurt until we look at the big picture.

Another good example of this happening is buying lunch every day at work. If we run out and get fast food every day, that can be a day, a week, and 0 a month. If two spouses are doing this, it adds another 0 a month to the food budget.

To make this exercise easier, ask for receipts for each purchase you make. In the interim, we should keep our receipts in envelopes labeled for each budget category. Then, take time at least once each week to review those receipts and tabulate the totals for each category.

After two or three months, you have much more information to work with and are better able to find trends in your spending habits. Then, it will be easier to make the necessary adjustments so that your budget accurately reflects your spending lifestyle.

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Ozeme J. Bonnette is a financial coach, speaker, and author of Get What Belongs to You: A Christian Guide to Managing Your Finances. Her focus is on increasing financial literacy among adults and youth around the U.S. She earned 3 Bachelor’s degrees at Fresno State, and her MBA at UCLA’s Anderson School. Her blog is http://www.povertynorriches.com. Reach her at ozeme@thechristianmoneycoach.com.

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Creating a Budget that Works

admin — Sat, 12 Mar 2011 06:28:39 +0000

by Thomas Hawk

Creating a Budget that Works

Creating a Budget that Works

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Creating a Budget that Works

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Posted: Nov 20, 2009 |Comments: 0
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Budgeting is about sacrificing, right? Wrong. Budgeting is about enjoying the results of a well planned financial strategy. If you think of budgeting as the ultimate cut-the-expenses experience, you’ll never make it. Depriving yourself completely of indulgences is not something that will provide financial gain; at the contrary, it may very likely lead you to abandon your budget completely just out of frustration for lack of rewards.

Budgeting will also tell you when applying for a loan may be feasible and even advisable. For example, for those with bad credit, applying for a small car title loan may be a perfect method to strengthen or rebuild your credit, if you include the amount of the monthly payment on your budget.

You need to be committed yet flexible when budgeting; the whole idea of budgeting is not about bringing upon yourself severe punishment, but to bring harmony and balance to your finances. Now, here are some practical tips on how to create a realistic budget.

First of all, you will need to know the trend of your expenses and income for at least two or three months. This will enable you to collect the data needed to create your budget. Always start this process at the beginning of the month. Once you gathered sufficient data, jot down your list of recurring expenses and their corresponding amounts.

For each category, average the expenses over the period of time you spent gathering the data. For example: groceries. How much did you spend in December for groceries? How much did you spend in January? Sum the totals of the two months and divide by two. This will provide you the average grocery expense per month. If you kept track of your expenses for three months, sum the totals of the three months and divide by three and so on. The longer the period of time you used to collect the data, the more accurate your average expenses will be.

Follow the same procedure for each expense category. At this point, make a note of all the expenses that happen only once or twice per year. Write them down next to the month in which they occur.

On a separate piece of paper, jot down your annual net income. Again, write down the categories (there will be just a few) and include the amounts corresponding to each category.

Estimate your average monthly income by dividing your net annual income by 12. (Note: if there is any significant income that you receive only once or twice a year, do not include it in this calculation. Remove it from your annual income so that the average will not be affected then add it again only in the month when it will be actually received).

If you do not receive regular income or if you are self-employed, estimate your monthly income based on previous trends, or use your receivables as a reasonable forecasting tool. Remember to be conservative in estimating your average monthly income so you won’t be caught off-guard. You can always adjust your budget once you have a clearer picture of the current year’s income trend.

Now that you know your monthly average expenses and average income, you can evaluate where you stand and start planning your budget.

Add all the monthly income. Add all the monthly expenses. Subtract the total of your monthly expenses from the total of your monthly income. The result will tell you immediately what your current financial status is and how to plan your budget from now on.

When you set your monthly budget, think about your objective and set realistic goals, including an amount for emergency/unforeseen expenses. Use your budget as your tool to achieve a more comfortable and rewarding life. Remember that by following a budget you’re not depriving yourself of opportunities: you’re building them.

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Bigger Bucks From Your Budget

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Bigger Bucks From Your Budget

Bigger Bucks From Your Budget

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Home Page > Finance > Bigger Bucks From Your Budget

Bigger Bucks From Your Budget

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Posted: Mar 10, 2010 |Comments: 0
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It costs your organisation a lot in terms of time and resources for your annual budgeting exercise. Are you getting the most benefit from it, or is it only a form-filling formality initiated by finance department and begrudged by other department heads?

“In preparing for battle, I have always found that plans are useless, but planning is indispensable.”

General Dwight D. Eisenhower

Planning is indispensable

In the battle field of business, budgeting is an indispensable tool for planning. It lays the business plan for the new year. It sets the organizations financial objectives for the next 12 months and considers the people, equipment, logistics and financial resources needed to implement the plan.

Budgeting is considered indispensable as it aligns everyone in the organisation with a common mission and coordinates all resources within it for its achievement. In a world of decentralised management decision making, this provides the means to ensure that all actions taken collectively together will achieve the outcome of the organization as a whole. It serves as a communication and feedback tool. Overall organisational objectives are quantified and made known.

Sub-objectives are set at divisional and departmental levels. Results are measured using a financial yardstick. A feedback loop is established to ensure that the organisation is steered on a path to reach its financial destination at the end of the year.

For budgeting to achieve its intended objective as an effective planning and control tool, it needs the participation of all key players in the organization. These key players are the operational heads of department.

To the extent that operational people understand the financial impact of their decisions, the budgeting process can be highly productive, effective and efficient. This is especially crucial in decentralised decision making organizational structures.

Plans are useless

However, plans may not be effective if operational managers do not fully comprehend the intent and content of detailed budgeting requirements. As a result, busy executives often treat this as an obligatory form-filling exercise for submission to finance department. The result is often unsatisfactory. Operational folks are not contributing effectively to a highly important business activity, while finance guys have to frequently correct logical errors, uncover unrealistic assumptions through time consuming discussions and disagree over transgressions of fundamental accounting principles. All these add up to the hidden costs of a budgeting exercise.

The cause

Very often, the cause is an insufficient grasp of financial and budgeting concepts by operations management. Most budgeting exercises proceed on the assumption that everyone knows the common language of businessaccounting. But experience shows that there is frequently a gap between what is needed to put together a financial budget with sound budgeting practices based on generally accepted accounting principles and what is actually being submitted to finance department.

Bridging the GAD (Great Accounting Divide)

To bridge the GAD, operations management need to understand fundamental accounting principles used in financial statements preparation and communication to shareholders. This is the basis that finance departments will use to put up budgets and deal with common financial constraints such as cash flow. Once equipped with the lingo of accounting and finance, it provides a common platform for operations and finance teams to communicate effectively for productive discussions and a mapping of strategies that are financially sound.

Understanding sound budgeting practices would empower them to set up budgets that are robust and could withstand scrutiny.

From experience, operations managers are very keen to see their own financial contribution to the overall company success. They want to understand the financial impact of their decisions. But often, they end up frustrated and disempowered because of an inadequacy grasp of the language of business.

This divide can be easily breached with a hands-on learning program designed just for this purpose. For a small investment of just two days of their time, the return on investment is almost indefinite as this is a fundamental corporate competency which managers will utilise every day and in every decision they make.

With the GAD bridged, operations managers and their financial department would be able to enhance their business partnership and maximise the full potential of budgeting. This would enable budgeting to be not just indispensable, but the resulting budgets are also useful.

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James Leong, Chartered Accountant, is the managing director of VisionsOne Consulting Pte Ltd. His experience includes teaching as an Adjunct Associate Professor with National University of Singapore. His highly popular workshop, Finance for Non-finance Managers, has been attended by international participants from more than 18 countries. James can be reached at jamesleong@visions1.com.sg or www.visions1.com.sg.

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How Much Should You Budget for Aviation Marketing?

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How Much Should You Budget for Aviation Marketing?

How Much Should You Budget for Aviation Marketing?

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Home Page > Business > Management > How Much Should You Budget for Aviation Marketing?

How Much Should You Budget for Aviation Marketing?

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Posted: Dec 14, 2010 |Comments: 0
| Views: 178 |

How Much Should You Budget for Aviation Marketing?

Asking an aviation marketing consultant for an answer to this question may seem like asking the fox what kind of lock to put on the henhouse. (grin)

But there are three reasons to answer the question honestly, ethics aside.

We often get paid out of profits, which would be nothing if a company spends too much on marketing.
We often coach companies on aviation marketing and get paid for getting results.
Even the companies that pay us out of their marketing budgets wouldn’t keep paying if we didn’t get results.

Unfortunately, many of the companies we provide consulting services for with begin with one of two approaches to budgeting for marketing:

Bad (But Common!) Approaches to Marketing Budgets

Approach One – “Budget? What budget?”

Approach Two – (This is worse.) Developing a marketing budget as a percentage of gross sales from last year. In other words, if sales were bad last year, they’ll make up for it by investing LESS in marketing this year. Can anyone reading this GUESS how well that approach will work?

The Best Approach to Marketing Budgets We’ve Seen

That said, the best approach to determining a marketing budget I’ve seen is best expressed is by John Jansch, author of Duct Tape Marketing.

“You should spend as little as you possibly can in order to achieve your marketing goals.”

This statement assumes three things:

That you have measurable marketing goals (let’s say you express that in a number of clients you intend to acquire this year.)
You have a calculated average of how much each new client is worth to your business.
You know how much it cost to acquire each new client last year (divide your number of new clients by the amount you spent on marketing.)

So, to keep the math easy, let’s say you’re a high-value consultant that needs to acquire 10 new clients this year. Last year you found 5 new clients and spent ,000 on marketing. So each client cost you 00 in marketing expenses to acquire.

You need to run a check to ensure that your cash flow is positive – that your clients brought in enough profit to justify that expense. If that’s the case, you’re in good shape.

This year, you can use ,000 as your baseline marketing budget (00 times 10 new clients needed). All things being equal, if you use the same marketing methods you used last year, theoretically you’ll meet your goals and still have positive cash flow.

Get the Most For Your Money.

But since things never work out the same way twice, we recommend that you spend some time on the strategy of how you spend that budget. You’ll want to get the very best value you possibly can for that money. If you use methods that are more effective, you will exceed your targets.

How do you do that? Start by taking a look at your very best clients – the ones that provided highest value. Where did they come from? Invest MORE in the marketing that got them in the door. Invest LESS in things that didn’t bring you clients.

Fix or Get Rid of What Doesn’t Work.

As an example, if you ran an ad in a publication last year, do you know for a fact that enough customers found you because of it? If not, you’re wasting that part of your budget.

If you suspect that an ad IS working but can’t prove it, you can rewrite the ad so that there is an obvious clue that a customer found you that way. (You can do this by providing a coupon or password for an additional savings or free gift, or by changing the phone number or web address that you ask readers to respond to.)

But keeping an ad in a publication because you always have, or because you like the salesman, is not a good use of your hard-earned cash.

Another very common example – if you made a trade show appearance and did not acquire enough new customers or valuable contacts to justify your expenses (including travel, meals, booth rent, and all other associated expenses) then you need to rethink your strategy and do a better job of tracking, or simply don’t go next year! Reasoning that “we go to this show every year,” or “everybody else is going,” is not a sound business philosophy.

Examine every mailing, every show, every ad with the same kind of scrutiny. How many new clients contacted your company because of it?

Some marketing companies have a philosophy of “name recognition” and “getting your name out there” and that works for companies the size of Coke and Pepsi, (a concept called “brand advertising”) but unless your budget is in that neighborhood, you should concentrate on advertising that gets proven results. You CAN do both- get your name out there, AND get potential customers to respond, and smart companies hold their marketing accountable for accomplishing both tasks.

Diversify Your Methods

Divert the money spent on non-productive marketing last year to more of the methods that actually worked. Better yet, experiment with something new. Some portion of your marketing budget should be spent each year trying something you’ve never tried before. To keep growing, you need to reach parts of the market that are not yet familiar with your products or services.

And the more different effective marketing methods you use, the more stable your marketing efforts become. Each method reaches a different portion of your target demographic, and each method works in a different way. Fluctuations in the economy or in particular geographical areas won’t impact your steady flow of new clients as much.

We know of one company that advertised for many years in a particular publication and always got reliable results. They were reluctant to try anything else while they had this perfectly good, reliable channel. When that publication went out of business, however, they were left scrambling for another effective method.

“Diversity leads to stability”

If you’re just starting out, use your business plan as your guide for how much to spend on marketing. If you don’t have a business plan, we like JIAN’s Business Plan Builder software – it builds a very workable and credible business plan by asking you questions in interview form, like Quicken’s TurboTax.

Spread your initial budget among at least three activities from each phase of marketing, and of course, track and adjust accordingly.

Spread your marketing budget among at least three activities from each phase of marketing.

A word of warning – Many companies jump from method to method without giving their marketing a chance to work. Running an ad in a publication just once (to see how it works) doesn’t constitute a fair test. Aviation is a very specialized field, and the numbers of responses are often so small that they’re not as statistically reliable as they would be if you were marketing a product to the masses. Keep writing articles for your blog, even if you’re not getting obvious response to every post in the first few months. Keep a small ad running in a publication for several issues before making a determination. We recommend creating a solid, proven strategy for the year and committing to stick with it for the year, then you can evaluate the data and make adjustments.

Need assistance? Write to me, Paula (at) AviationBusinessConsultants (dot) com and I’ll send you our New Client Questionnaire. After you send us the completed questionnaire, we’ll write you a complete set of recommendations that you can use for your marketing planning.

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Paula Williams is a marketing consultant in the aviation industry and the author of Flight Plan to Sales Success – New Media Marketing in the Aviation Industry, available through Amazon.com. A free report titled Aviation Marketing, Cost Effective Strategies and Tools is available for download from www.AviationBusinessConsultants.com

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12 Great Tips For A Great Budget Travel In Europe

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12 Great Tips For A Great Budget Travel In Europe

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Posted: May 04, 2006 |Comments: 0
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Here are some of the favorite tips for budget travel in Europe. Actually, these budget travel tips apply to any country that you want to visit!

Budget Travel Tip # 1
Eating with the locals instead of the tourists. This way, you will save some money and enjoy the local food at the same time. Restaurants or eateries that are popular with local residents tend to be the ones with the best meals at a low or reasonable price.

Budget Travel Tip # 2
For a quick and economical breakfast, pick up a roll, some fresh cold cuts and a piece of fruit from the local market. Then enjoy a delicious sandwich and a cup of coffee in the local park. Take in the view and local life around you. You may end up with some great photos while at it.

Budget Travel Tip # 3
When eating out, choose the fixed price menu and the house wine for the best value. These dishes are often a good way to sample the local cuisine.

Budget Travel Tip # 4
Overnight trains are a great way to get from place-to-place and rest or sleep. During your budget travel in Europe, be sure to bring a meal, bottle of water and snack along. That way, you can save money and enjoy your packed meal.

Budget Travel Tip # 5
Snap away! Take loads of pictures of the people you meet during your budget travel in Europe. If you are using film camera, develop them when you get back home as developing at tourist locations can be expensive. Of course, if you are using a digital camera, you can take as many shots and print only your favorite ones.

Budget Travel Tip # 6
Find a website that offers some photographs of local attractions or upload your own from your digital camera. Personalize these shots with an epostcard and email them back to family and friends at home.

Budget Travel Tip # 7
Learn a few basic words of the local language. It will be easier and cheaper to buy things.

Budget Travel Tip # 8
When making large purchases, it is always best to use a credit card. That way you cash lasts longer.

Budget Travel Tip # 9
Like credit cards, ATM cash transactions provide the best exchange rates. You will avoid the sometimes costly fees charged by hotels and currency services when you need cash.

Budget Travel Tip # 10
Many travel locations provide student discounts, senior discounts, etc. If you are not sure a, always ask.

Budget Travel Tip # 11
Plan your budget travel wisely. There are some inexpensive souvenirs that you can get from your budget travel in Europe. For example, stickers, fridge magnets or postcards. For more expensive purchases, remember that the further you go from the tourist attraction, the less expensive the souvenirs will be.

Budget Travel Tip # 12
Go on a tour of the city. A bus pass or subway token is a great avenue for meeting the local people and sightseeing. The public transportation service of most European cites is efficient, clean, safe and easy to navigate.

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Want more budget travel tips? Visit http://budget—travel.blogspot.com now and you may save thousands on your next trip.

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The Basics of Budgeting

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The Basics of Budgeting

The Basics of Budgeting

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The Basics of Budgeting

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Posted: Jan 14, 2007 |Comments: 0
| Views: 113 |

Having a budget is one of the first steps towards building sound money management skills. A budget will help you track your expenses and identify the areas in which you can save. It can help you plan to get out of debt, reach retirement and fulfill your financial dreams.

In order to successfully budget, you have to identify your reasons for wanting to change your financial situation. Sit down and write down your goals. Whenever you are tempted to spend or skip balancing your checkbook, look at your goals. They will motivate you to do what is necessary in order to pay off your debt and save for the future.

In order to create a true budget, you will need to track your expenses for at least three months. Simply get receipts for everything you purchase. Once a week or so, take some time to record your receipts into a notebook or spreadsheet. Break them down by category. Finish out your budget by including all of your monthly and yearly bills.

Once you have tracked and identified your spending, you are able to review it and see where you can reduce unnecessary spending. This will be very helpful in finding the money to pay off debt and save.

One of the best ways to find money for your savings is to reduce your debt. By reducing your debt, you free up a lot of money in your monthly budget and in your future.

A home budget is often harder to stick with than it is to create. Too often, people take the time to create a budget, then file it away where they never look at it again. Here are a few tips for making your budget work for your finances:

Review it frequently. Like balancing your checkbook, the more you do it the better it works.

Remember that it can and will change over time. Finances are not set in stone — they need modifying.

When you aren’t meeting a spending goal, look at it and readjust it if needed. Too many goals are unrealistic. Start small and work your way up.

Don’t use someone else’s template for your budget. Finances are unique to each family or individual. Your spending needs aren’t like anyone else’s. Create your own budget based on your spending and goals.

Keep your overall financial goals in front of you. These goals will motivate you to stick with your financial plans. Your budget is just a plan — nothing more.

If for some reason, you fall off the budget wagon, don’t worry. Just pick yourself up, find out why it happened and start budgeting again. We all have our moments that throw our budgets off. All you can do is adjust your budget and your thinking. Remember your goals. Think about that comfortable and early retirement. Think about not having to worry about finding the money for your son’s college education. Think about that vacation or new furniture that you want to save for.

One of the best protections for your budget is having two savings accounts. One is for emergencies and the other is for yearly expenses. Your emergency savings will prevent accidents, break downs and other unexpected events from hurting your monthly budget. If you have a fund that will take care of fixing the air conditioner or cover a lapse in income due to illness, your budget can keep working. Most advisors recommend at least three months of expenses in your emergency savings.

Your yearly expenses savings account is where you keep the money for your yearly expenses. Simply total up all of your once-a-year expenses. Include birthdays, holidays, insurance premiums, taxes and other yearly costs. Divide the total by twelve. Every month you will deposit this amount into your savings. The idea is to not have to stretch your budget to pay something you didn’t plan for.

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Greg Smithl

Finance>
Insurancel
May 08, 2008
lViews: 789

Is a Broken Windshield Covered Under My Auto Policy Deductible?

By:
Greg Smithl

Finance>
Insurancel
May 08, 2008
lViews: 1,935

What Kinds of Debt Can be Included in the Debt Consolidation Program?

By:
Greg Smithl

Finance>
Debt Consolidationl
May 03, 2008

What are the Warning Signs That I Am in Too Much Debt?

By:
Greg Smithl

Finance>
Debt Consolidationl
May 03, 2008

Debt Consolidation for Saving Money

By:
Greg Smithl

Finance>
Debt Consolidationl
Oct 09, 2007

Free Life Insurance Quotes

By:
Greg Smithl

Finance>
Insurancel
Jul 16, 2007
lViews: 183

Low Refinance Rates

By:
Greg Smithl

Finance>
Mortgagel
Jul 16, 2007
lViews: 135

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RateEmpire.com, http://www.RateEmpire.com, an internet consumer banking marketplace is a destination site of personal finance, investing, taxes and mortgage rates. RateEmpire.com provides mortgage guides and financial rates and information. RateEmpire.com also operates a financial portal #1 American Financial, found at http://www.1AmericanFinancial.com and mortgage rate shopping portal http://www.1MortgageQuotes.com

Starting a personal budget requires recording every expense for 30 days, organizing the list into categories, and finding out where each paycheck is going. Develop a personal budget to help organize expenses with information from an insurance and financial planner in this free video on personal finance. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz