Finding Your Financial Starting Line

For most of us, our financial life can get pretty confusing, overwhelming and stressful! I suggest that we start at the very beginning by understanding these 3 things:

  1. Money In = Income
  2. Money Out = Expenses
  3. Money We Owe = Debt

For Money In… we need to list the source and amount of our monthly take home pay.  This will include our paychecks, income from a business, investments or rental property.

Now for Money Out… let’s list all of our monthly living expenses, things such as food, gas, utilities and so on. What we want to know here is how much money is leaving our pockets every month and where it is going.

Lastly we need to list all of our debt… Credit cards, mortgages, auto loans, personal loans and student loans.

We have created a simple to use worksheet called “Your Financial Starting Line” for you to use.

Go to to download this worksheet.

Start tracking your income, expenses and liabilities today. And you will be taking your first steps toward achieving financial peace of mind.

I’m Alan Akina… Remember, every dollar counts.

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