Most people would agree that it is very important for a Fortune 500 company to have a workable budget in place. Without this financial framework, a firm could easily outspend their revenue stream and quickly amass substantial amounts of debt. There would be no checks or balances in place to prevent overspending from taking place on various levels. In addition, it would be very unlikely that appropriate funds would be available should the company run into unexpected trouble and have a need for immediate capital. However, for whatever reason, many people do not realize that these same principles apply to each of our personal lives.

Credit Card Debt	$ Select One 0 1 - 2,499 2,500 - 4,999 5,000 - 7,499 7,500 - 9,999 10,000 - 12,499 12,500 - 14,999 15,000 - 19,999 20,000 - 29,999 30,000 - 39,999 40,000 - 49,999 50000+
Other Unsecured Debt	$ Select One 0 1 - 2,499 2,500 - 4,999 5,000 - 7,499 7,500 - 9,999 10,000 - 12,499 12,500 - 14,999 15,000 - 19,999 20,000 - 29,999 30,000 - 39,999 40,000 - 49,999 50000+
Number of Creditors	Select One 2 3 4+
Status of Bill Payments	Select One Up to Date About to Fall Behind 1 Month Behind 2 or More Months Behind
I want to	Select One Eliminate My Debt Consolidate My Debt Seek Advice
Own a Home?	Yes  No

There has never been a bigger need than there is today for families and individuals to establish personal budgets.  In the long run, increased life expectancies have raised the average levels of retirement income that is now needed to survive. This translates into a need for increased retirement savings at a time when many people are living paycheck to paycheck.  In the short run there is a greatly increased temptation to become ensnared in a trap of easily accessible credit card debt. The best way handle both of these factors (as well as many others) is through the establishment of an effective personal budget.

This web site is intended to provide information explaining what a budget is, what it is good for, and how it is used. We will share ideas and discuss the reasons a family needs to put together their own personal budgeting plan and give some guidelines on how to go about creating a plan.

Suggestions are given for changing spending habits and practicing more self-control. We offer articles focusing on cash flow, debt, income and expenses, as well as helping you determine your net worth. You will be able to analyze your spending habits and work out an effective money saving plan. Also discussed will be the pros and cons of using credit, the importance of using it wisely and your credit history.

If you find our resources helpful or if you have any additional questions, we would love to hear from you.

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