BBB Budgeting :: Instructions

No more manuals. No more textbooks. Just common sense and your dedication in making BBB-Budgeting™ work for you. There is only one person that must be controlling your income - YOU! Not the bank. Not the local car dealer. Just YOU!

You will be working with your net income only. Overtime, bonus money, etc., are not used in personalizing your BBB-Budgeting™. Your net income budgeting will put a stop to styling your spending according to your overtime or added income. People have a bad habit of saving money only when times are positive and income is positive. If you can learn to save during bad times, then saving during good times will become easy and profitable. You will soon be feeling good about yourself regarding your finances. Keep in mind, the Lord does not want us to be in debt.

Let's go to your personalized BBB-Budgeting™ worksheet. You have listed your monthly expenses in the first column. Listed under your net pay for each week (1-4), is the amount of money that you must place into each "envelope" or category each and every week. At the end of the 4th week, you have the correct amount of money to pay each bill that comes due at the end of each month. At the bottom of your BBB-Budgeting™ page is an amount that indicates your positive or negative cash flow per week. At the bottom right of the worksheet is the monthly cash flow, which you want to be positive. Good Luck and may God bless your finances.

The following is the extreme case in which very strict budgeting rules apply:

Put the checkbook away except for the paying of bills. Better yet, put it away. Use a separate envelope for each category listed under your BBB-Budgeting™ monthly expense column. If you feel comfortable using a saving account instead of the envelopes or checkbook, open up an account at a local bank. Each and every week, on payday, deposit the correct category amount into each envelope or into the savings or checking account. Weekly items, such as Auto Fuel, need to be kept liquid so you have immediate access to the money. Keep this money with you during the week but separate from your "Fun Money". Items such as the Mortgage Payment or Rent Payment would be placed into the envelope, separate checking account or savings account on the weekly savings plan. At the end of week 4, your separate category money is there to pay the bill. Just take the total amount out of each envelope and make the payment via a money order or in person, if possible. Do not borrow the money from one envelope to pay another. Live within your means. Obtain a pocket size notebook. During the first 30 days, track your cash expenditures, noting the item purchased, the date of purchase and the amount spent. At the end of 30 days, categorize the items purchased as either A, B, C or D. A items being mandatory items such as Rent and cannot be reduced. B items such as telephone may be reduced. C items may only be needed once in a while and may be reduced and D items that may be reduced or deleted. By this coding procedure you place a value system on your spending habits. Use your excess monthly cash balance to help pay off items in category D, first, and then category C.

If your income and/or expenses change, just login to BBB-Budgeting™ and adjust them as often as necessary as long as your account is active. We currently have account options of 3 and 6 months.

Again, Good Luck and God Bless.