Jan 31, 2009
B. Total Up Your Income (2)
In Part C, enter the amount of each payment for each source of income. Column 3: Period covered by each payment. For each source of income, enter the period covered by each payment—such as weekly, twice monthly (24 times a year), every other week (26 times a year), monthly, quarterly (common for royalties), or annually (common for farm income).... read more
Jan 30, 2009
B. Total Up Your Income
Your expenditures account for only half of the picture. You also need to add up your monthly income. Use Form F-3: Monthly Income From All Sources (copies are below, in Appendix 3 and on the CD-ROM). If you are married or live with someone with whom you share expenses, include income information for both partners.... read more
Jan 29, 2009
Special Service for Senior Citizen
As we grow older, our house seems to be too large for us. It might be too small and crowded with our children in the past years, but they might have move out from our house, leaving their parents all alone. This condition can help us to get a reverse mortgage.... read more
Jan 29, 2009
Avoiding Overspending (2)
Do not record credit card charges, as your goal is to get a picture of where your cash goes. When you make a payment on a credit card bill, however, list the items paid for. If you don’t pay the entire bill, list the older charges that total a little less than the amount paid—attribute the rest of your payment to interest.... read more
Jan 28, 2009
Avoiding Overspending
If you skip this section, come back later. If you’d rather clean up your credit report or pay off your debts before doing a budget, skip ahead, but be sure to return to this chapter later. You must make a budget as a part of repairing your credit.... read more
