How to manage my financial and control my expenses every month?

I'm facing with financial problems where I need to pay up my bills and in the end I only left only a few dollars to spend as my pocket money. I have stop spending money on the unspended things. Now I need someone who are good in financial planning to help me with my problems. Thank you.|||It is easier said then done, but budgeting IS possible, given you take the correct steps.





1. Calculate your regular income. Count income from wages, tips, interest on savings, child support payments, and any other source of income. Include that of your spouse also. Also consider more variable sources of income. Do you receive regular overtime or a large bonus? Is it guaranteed? Can you calculate average amounts by using past bank statements or pay slips? Try to be accurate and get to an average 'net' (after taxes) income.





2. Identify your expenses. First identify your large, predictable expenses. For most people these will be housing, taxes, insurance premiums, and utilities. Then for at least one month, record every daily expense no matter how small the amount. Save all receipts and expenses for one month. Ideally, you need to carry around a pen and small pad with you for one full month. Write down every amount you spend, what it is for and where you spend it. Many people underestimate these small but frequent expenses if they don't keep careful records. Also try to estimate a budget for large, infrequent expenses. These are things like house repairs, insurance deductibles, and purchases like cars and computers. Convert these from estimates like $12000 every 10 years, to $1200 per year or $100 per month so you can compare them with the other expenses and income.





3. Compare income to expenses. Money coming in (income) and money going out (expenses). If your expenses are more than income, you need to take action! Which of the expenses identified above will be easiest to reduce?





4. Pay off debt and build savings. It is important that you commit to eliminating your debt as it will be difficult at first, but will get easier.|||Living paycheck to paycheck can be really frustrating (been there, done that.) What you need to do is to add up your monthly bills every month (electricity, gas, cable, internet, car, insurance, rent, etc.) Once you have everything added you need to subtract that from your take home pay every month. Is what's left enough for food, clothes, fun, etc? If not you need to re-evaluate the bills you're paying - can you switch to a lower priced cable or internet plan, a lower cost cell phone plan? If you can't see any way around lowering your bills then you need to be more frugal when it comes to grocery shopping and eating out, and that may leave you with a few more dollars at the end of the month.|||Add up all your regular bills, allowing a bit more for variables in utilities, groceries, etc. Calculate how much you need each week to cover them, then put that much aside each week. If necessary, open a separate bank account to put it in, so you won't be tempted.


If you have credit cards or credit accounts, choose the smallest, and pay the most you can each month to pay it off, while still paying the minimum on the others. When you've paid it off, add those payments to the next smallest account, and so on.|||First you need to find a away to bring in more funds monthly. You can have all the financial planning in the world but if you don't have the finances then it's not going to work. You will be right back in the whole if you can't get the additional funds needed and please do not take out any payday loans.





I am a single dad of one and I know trust me. It's hard on everyone right now. But first fined away to bring in additional monies a month then start working on your savings.|||The thing that really helped me - and it sounds so simple, but it works - was that I started tracking every penny I spent. Whenever money left my pocket, I would write down what I bought and how much it cost. It wasn't until I knew exactly how much I was spending, and on what, that I could step back and start to make some changes in my financial life.|||I assume you make enough, but you lack discipline. The others have good ideas, but I would like to add one more. Find a friend, who is frugal, and only shop with them. A lot of things we put into the cart, we think we need. A frugal person may give you another perspective on your spending. Talk honestly with friends who you trust, and who spend less than you.