Dallas, TX (PRWEB) August 27, 2013
Debt Consolidation USA, one of the leading online resource for personal finance information, focuses on budgeting in one of their latest articles. The title of the article is “Budgeting Is Not As Tedious As You Think” and it was published on August 22 on the website of the debt relief company.
The article states how consumers understand the importance of a budget plan but a lot of them fail to commit because of the tedious process to create and maintain it. In order to keep consumers from giving up, Debt Consolidation USA provides some relevant information so budgeting will not be too difficult.
Of all the budgeting systems available, the article suggests that consumers use the envelope budgeting system. While the article admits that it can be very tedious, it only has to be at first. It cannot be avoided because to get a realistic budget, the consumer must detail the expenses that they make for at least a month.
But once that is done, the envelope system can help make budgeting as simple as it can be. The consumer will only need their budget plan, envelopes, a pen and a calculator. That is all they need to implement this system in their lives.
The idea is to categorize the expenses can group them together. The sample categories provided in the article includes food, groceries, utility bills and gas. This will all depend on the specific needs of the consumers household but they can make it as simple as possible. The articles instructs consumers to assign an envelope for each category.
The article states that all the expenses on the budget plan should also be assigned to a specific category. Each category is to be totaled and the amount will be placed clearly on the envelope. The consumer is to place the cash in the envelope every payday according to the amount specified on it. Every time they need to spend, it will be taken from the category envelop where it belongs to. When the money runs out, they should stop buying for that category.
In case that still makes budgeting difficult, Debt Consolidation USA also provides consumers with the common problems encountered in budgeting and how they can solve it.
1. Having different due dates. The article encourages consumers to simplify their payments by calling creditors and asking them to change it for them.
2. Overspending on credit cards. Consumers are encouraged not to put themselves further in debt.
3. Savings are being spent unnecessarily. The article suggests that consumers must keep their savings separate from the expenses envelope to keep them from spending it.
4. Income is not a constant number. The article admits that it can be difficult if the income of the consumer varies. If this is the case, the article suggests that the consumer base their income on an average figure or the smallest one.
To read the whole article, visit Debt Consolidation USA or click on this link: http://www.debtconsolidationusa.com/personal-finance/budgeting-is-not-as-tedious-as-you-think.html.