Step 7: Pay cash for | ||
Food | ||
Auto gas | ||
Entertainment | ||
Personal expenses | ||
Give an allowance to each family member so they can budget for own expenses. | ||
Total Income | $4,100.00 | |
Step 1: Give to charity | $ 410.00 | |
Step 2: Emergency fund | $300 | |
Step 3: Decrease outgo; increase income | N/A | |
Step 4: Monthly reserves | $ 383.33 | |
Step 5: Power roll your debt | $1,833.83 | |
Step 6: Regular monthly payments | $ 677.73 | |
Total Expenses | $3,604.89 | |
Total new balance | $ 495.11 | |
Weekly allowance (divided by 4.3) | $ 115.14 |