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Transform the way you see and spend your money with a Financial Binder
A Financial Binder/Budgeting Binder is a very important item you must have if you want to break free from financial instability.
Before we discussed “What is a Financial Binder & Budgeting Binder?”
You are working three jobs, but somehow you are always broke. You decide to do a breakdown of how you spend your money, but then you realized there’s not much important thing you do with it.
You are confused and perplex now. It’s not that you’re a lavish spender, you actually hope to save money. That is why every time your paycheck is approaching, you plan to spend it right, don’t you? But somehow you don’t seem to realize you’re not using your money for anything meaningful until more than half of it is gone. As a result, the credit card loans are piling up and you’re finding yourself living paycheck to paycheck.
But the worst of it all is that you don’t seem to know how to resolve this and it has literally been the story of your life, and finances.
The person I describe might be you, or not far off from your current situation. I pointed it out because I want you to know that I emphasize with you. To feel empathy is to be able to relate to one’s situation, which means I’ve been there before.
Even if you currently own thousands in debts and you’re one payment away from losing everything, I tell you, I can relate.
The good news is, there is a way out of these predicaments. And No! I didn’t miraculously get one huge money to pay off my debts. I did it step by step with a winning formula known as Finance Binder and Budget Binder.
That winning formula is what I’m going to show you today, and at a point in this article, I’m also going to show you where you can get your own Financial Binder, so you too can get started.
The Cause of your Financial Predicament
If you’re having a fair amount of income but you’re in serious debt, and living paycheck to paycheck, there are not so many things that can cause your financial predicament. One of the major causes will be how you manage your finances.
Before you jump to a conclusion and assume you know what I mean, I’m not talking about the regular financial management you already know. I’m talking about the one you were not taught in school. The one even your parents probably didn’t know and so could not instill in you.
But don’t worry, that is why I’m here for you.
Before we proceed, if you’re looking for an expert guide on the Best Ways to Save Money on a Low Income, you can explore from here.
What is a Financial Binder?
A Financial Binder is a binder that entails all of your important financial documents, and a financial planner.
A Financial Binder is also a way to use a budgeting system that allows you to have a breakdown of your financial revenue and expenses, and manage how you spend your income. A Budgeting Binder can be customized to fit you, and your financial plans. It allows you to track your income and expenses, allowing you to save, spend reasonably, and pay off debts. A Financial Binder will put you in a better financial position than you were before.
Why You Should Have a Financial Binder?
Now that we’ve answered the question “What is a Financial Binder?”, we can go ahead, and address why you should own a Financial and Budgeting Binder.
There are two primary reasons why you should have a financial binder.
The first one is to be able to manage your finances.
The second one is in case of an emergency. We’ll explain below.
Two Reasons Why You Should Have a Financial Binder
1- You should have a Financial Binder/Budget Binder to manage your Finances:
Since a Financial Binder entails your entire financial document, you are able to organize and keep track of all your financial records. This allows you to plan your spending.
A good Financial Binder will contain budget planning documents. You can get a good Financial Binder to purchase HERE
2- You should have a Financial Binder in case of an Emergency
Emergencies can happen to anyone, and anywhere. Let’s say you have to quickly evacuate your home in less than 5 minutes during an emergency. What would you take with you?
Well, I don’t know for sure what your answer is but I do know you’re thinking of important documents, items, credit cards, ID cards, cash, and more.
But what you don’t know is that, at that moment of emergency, it’s not a matter of what you will take with you but what you can take with you. I mean, who wouldn’t want to take all of the important stuff along, but can the time be enough?
With a Financial Binder, you’d have all your important financial documents in one place. They have been proven to come in handy during emergencies.
What you can do with a Budgeting Binder?
There are so many things you could do with a Budgeting Binder; we are just going to mention a few important ones here
Five Things you can do with a Budgeting Binder
1- Goal Setting and Tracking
There’s a verse I’d like to draw from the bible that says, write down your vision… When you write your goals, it boosts your chances of accomplishing them. Writing your goals has a lot of psychological benefits that inspire you towards accomplishing them. A good Budget Binder will have a section dedicated to writing goals for your finances.
These goals can be either:
Long-term: For example, down payment for a car or house, etc.
Short-term: For example, Replenishing a sinking fund, Christmas spending, house maintenance, etc.
A good Budget Binder like the one we recommend to you has an automated savings tracker worksheet. This allows you to plan for the year.
There are also trackers to help you pay off debt
2- Paycheck Tracking
If you are someone that likes to allocate different bills to different paychecks then you need a good budget binder to help you with the tracking. Paycheck tracking can be very effective if you are someone that is not paid on the same days regularly. It allows you to be able to keep an eye on the expenses you are receiving so you can be able to allocate the correct amount.
With a good Budget Binder, you can be able to track the inflow of cash and prevent nip overspending in the bud. With paycheck tracking, you can assign and track every dollar.
3- Debt pay off tracking
Debt is something that everyone has at least one point in their lives be tied to. While it is not financially advisable to fall into debt, it is almost inevitable that everyone will at some point find themselves in it. But being in debt is not the problem because these loans most times come as a lifesaver in times of an emergency. The only problem is the difficulty in paying it, and this is due to poor financial management.
With a good Financial Binder, you can be able to easily track and pay off your debt. A good Budgeting Binder has a section reserved for paying debts. It gives you several debt payment methods to choose from. Once you are able to decide on which to use, they are tools to allow you to track your progress.
Some of the most common debt includes credit card loans, personal loans student loans, medical bills, car financing, and others.
4- Expense tracking
Not being able to track your expenses is one of the biggest causes of financial problems. Most people find themselves at the end of every paycheck not being able to able to account for what they did with their money. The worst part is that, not only do you spend your money recklessly; you also end up not settling important expenses like subscriptions, paying bills, paying off loans, and others.
With a good Budgeting Binder, you would be able to track all of your expenses. It has a section reserved for you to write out your monthly budget and write out categories for spending. All those unnecessary spendings on food and groceries would be prevented with your Financial Binder.
5- Planning Purposes
There are so many activities that can distract us from carrying out a task, and this is where planning comes into place. Planning is very important for finance management.
Just ask yourself this question, how many times have you forgotten to pay a due loan, bill, subscription, registration, or even purchase products you intended to? And most of the time, we often end up spending our paycheck before we remember some important things we forgot to do with it. A good Budgeting Binder prevents all of these.
There is also a section dedicated to planning for upcoming events and the expenses it entails.
You can also find sections dedicated to grocery shopping.
It doesn’t end there, you can also keep important login information that your family can access in case of an emergency
Where to get a good Financial Binder, Budgeting Binder, and Financial Planner – An All in One Solution
There are many decent Financial Binders out there but however, only a few are complete and customizable. The best Financial Binder should be able to allow for individual customization. That is, tailor-made in a way that you can be able to customize to suit your financial status.
Best Financial Binder and Budget Binder
You can get the latest, and complete Financial Binder by clicking HERE
At the time of writing this article, there is currently a discount available, so quickly take advantage of it while it lasts.
Remember; do not underestimate the power of a good Financial Binder
What This Financial Planner Binder Contains
- Back Cover
- Front Cover
- Loan Login
- Credit Card Login
- Cell Phone Login
- Housing Expenses
- To-Do List
- Password Keeper
- Debt Snowball
- Pet Expenses
- Subscription Tracker
- Grid Notes
- Dot Notes
- Annual Summary Part 1
- Annual Summary Part 2
- Thermometer Saving Goal
- Thermometer Debt Payoff Goal
- Thermometer Description
- Saving Tracker
- 52 Weeks Saving
- Debt Summary
- Debt Tracker
- Monthly Bill Tracker
- Monthly Fixed Expenses
- Monthly Variable Expenses
- Monthly Budget Summary
- Simple Budget Template
- Monthly Budget
- Monthly Income Tracker
Benefits of Making Use of this Planner
- It has a monthly tracker/budget template/monthly budget designed to track and manage your income.
- The tracker sheet comes with a simple, beautiful, and sleek interface
- It comes with a saving tracker that allows you to plan, and track your saving towards any savings goal
- It comes with a monthly bill tracker to help you track your bills and maybe on-time payment
- It comes with a debt planner that helps inspire you to create and stick to a debt payment plan
- It comes with an income and expenses tracker, which allows you to manage your finances better.
- It is printable and can easily be inserted into a binder
- It allows you to get all of your finances structured, and organized. It puts your income, expenses, budget, spending, and debt all in one place for you to have a single view of it all.
Where to Buy this Financial Binder
You can purchase this amazing Financial Planner Binder/Financial Planner at a discount by clicking HERE
The Best Financial Advisor tool to Use—Personal Capital
We’ve emphasized the importance of Financial Planning. Now we want to introduce you to a Budgeting and money management tool called Personal Capital.
This management company can help you manage your finances, and give you personal counseling from real-life professional financial planners.
Brief Review: What is Personal Capital?
Personal Capital is a budgeting and money management tool. Personal Capital provides access to a Robo-financial advisor and even human financial advisors for you to have more personal experience
The service requires you to have a minimum account balance of $200,000 and a $100,000 minimum investment for you to get started, and you will be assigned, two personal financial advisors. However, those with less will have access to a team of financial advisors.
For moderate account balance, an 0.89% account management fee is charged by Personal Capital, but 0.49% for large account balances
Personal Capital provides you financial, and investment planning tools including the ability to track spending, portfolio performance, net worth, retirement progress, and fees. The retirement paycheck feature will assist you to plan your withdrawals post-retirement, and tax-optimized withdrawal strategies.
Personal Capital is best for:
- Free financial management tools.
- Access to human financial advisors.
- Tax optimization.
- Hands-off investors.
- High-net-worth investors.
Pros
- Free, comprehensive investment management tools.
- Dedicated financial advisors.
- Individual securities are available.
- Advanced tax optimization strategy.
Cons
Conclusion
It’s very often that we see people ruining into debts, and even celebrities filling up for bankruptcy. This just shows you how important professional financial management is. With that comes the need for a Financial Budgeting Binder.
Ensure you get your in the link we posted or click HERE
Bye, have a nice day planning your finances.
