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| "CCC is committed on continually educating our community" |
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How to Develop a spending worksheet. |
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Identify your spending pattern. |
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Let's cut your spending? |
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Set Goal's? |
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Let's get organized? |
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Let's created a budget? |
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| Q. |
How to Develop a spending worksheet? |
| A. |
Develop a spending worksheet.
Knowing how your family spends money is
a key to healthy financial management. Once
you know where the money is going, you can
plan a budget that’s right for you.
Ask all adult family members to use a
notebook to record spending for an
entire month.
Keep a record of all spending – cash,
credit card or check so you can see
where your money is going.
Create a category for every type of
spending in your family, from major
expenses, such as housing, to miscellaneous,
day-to-day purchases, such as allowance.
Be sure to include your savings as well as finance charges on any outstanding credit or loans.
At the end of the month, add up all expenses in each category to determine
your total expenses per month. What you see at the end of the month
may be very revealing and surprising.
It’s a good idea to refresh your spending
worksheet each year, as well as any time
you have significant changes in your
circumstances, such as a shift income, purchasing a new home or having a baby.
Here a worksheet you can log your expenses. 
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| Q. |
Identify your spending pattern. |
| A. |
Identify where all your family’s income is
going. Analyze your priorities, spending habits, favorite stores, sales, and impulse buying.
Analyze your worksheet identify where your spending excessively.
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| Q. |
Let's cut your spending? |
| A. |
Let's Identify essential versus non-essentials. Identify your need to survival example (Housing, food, water, and clothing).
Put priorities first and cut back what is not necessary.
For example: coffee, eating out, or excessive entertainment.
Try to minimize or stop impulsive buying to only what is necessary.
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| Q. |
Set Goal's? |
| A. |
Set short-term goals, and long term goals.
Short-Term: are short period of time to achieve identifiable, short-term goals. For example pay off a debt, setting a budget, or saving.
Long-Term: are long term period of time. For example Home, car, or vacation.
Always remember to be realistic. Set your self to start a short-term goal, keep it consistent.
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| Q. |
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Before creating a budget remember to gather all your utility bills, credit card statements, Loans, and Child care etc.
Write a list of all payments you make monthly with due dates and payment amounts.
If, there's any cut's you can do to save money to reach your short-term goals, This the time to do it!
Now, your ready to start a budget!
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| Q. |
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Create a budget and stick to it!
Creating a budget is a central element in
managing your family’s finances.
• Identify where all your family’s income is
coming from, including work and other
sources such as investment income. You
should also track when your income
comes in (e.g. date of month) as well as
what form you receive it in (e.g. automatic
deposits versus checks).Use your spending worksheet to match your
total monthly spending against your total
monthly income. Monitor your spending
worksheet and budget for two months to
determine how closely your real life
experience matches up to it.
• Create various expense categories that
mirror your spending worksheet and include the
monthly amounts you allocate toward
short and long-term goals. If necessary,
fine-tune your budget categories and
relocate your income to meet
your needs.
• Remember to budget for unexpected
expenses such as car trouble,
replacing a broken hot water heater or
paying for a school trip.
CCC has create a Budget Sheet to help you! 
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