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Step 1: How Much Monthly Income Do I Have?
Step 3: How Can I Find Out What I Have? Step 4: How Much Money Do I Have Overall? Twelve Months of Financial MilestonesWorking with Financial and Legal Advisors |
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taking a financial
inventory
To determine how much money you need each month, write down all your monthly expenses on this worksheet as completely as possible. Checkbook registers provide a record of which bills have been paid in the past and in what amounts. You also can fill in amounts as bills arrive over the course of a month. If you have more income than expenses, you can eliminate immediate worries about money and complete the rest of your financial inventory as you have time and energy. Use the information in the “12 Months of Financial Milestones” section of this Web site to help you decide what actions to take and when. If you have more expenses than income, however,
don’t be discouraged. You may have additional sources of money.
As soon as you’re up to it, take the remaining steps in the
Web site to find out if you have more money and where it is. In
the meantime, make at least the minimum payments due on your bills
(particularly those related to your home). If possible, cut down
on expenses that aren’t critical to you.
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Step
2: How Much Money Do I Need?
