4 Ways of Budgeting Your Home Like A Business

Are you always falling behind in your bills?

You can’t find any money after payday?

You’ve thought about using your credit cards or taking out a loan just to keep food on the table?

Do you want to learn how to start budgeting your home like a business?

This article can help you then to get you into the mindset of thinking of running personal finance affairs and your home like a business.

If you do that and run your home or personal finances like a corporation does. Your life will become much easier and you will find money and resources you never knew you had.

 You say you don’t know how to do those things. Great! Then you will learn some new skills along the way. 

I will offer up a simple solution and 3 optional plans A, B, and C you can follow if you so choose. Each will do the job with varying degrees of sophistication and costs.

You need a model to work off

 The simplest way to run a household or a business is to have a model to work from. To most people that means a spreadsheet.

You can get many templates to do this from the internet like:

http://search.tb.ask.com/search/GGmain.jhtml?searchfor=Budget+Templates&st=kwd&ptb=B0C0ECB1-B2AD-4936-9982-795046EA24C5&n=780c1eb4&ind=2014060212&p2=^AIC^xdm069^YYA^us&si=CMmClP2N2b4CFQVqfgod2QoAcw

You can then do it the way millions of other people are doing their finances. You could also do it with a ledger, which is the way it has been done since Dickens’s day in “A Christmas Carol.”

I prefer a third alternative and that is to use multiple notebooks I call:

Plan A: The Economy Approach

  • Notebook 1 – General Ledger – Money in Money out.
  • Notebook 2 – Home Inventory – Items – Value.
  • Notebook 3 – Code #s to define your activities in your life and home.
  • Order book – Keep track of exactly where all the money is going by order #.
  • Notebook 4 – Keep Track of your time.In the Business world, this would be called 100% activity reporting.

    You are forced to:

  • Inventory your Assets and Codify your activities.
  • You discover where your money and resources are going and what you really have available.
  • By tracking your time you find the time that you are wasting. and thus allows you to budget and conserve it.
  • Time lost can never be replaced.At first, it will be awkward and your family will not be happy with it or you.

    But, stick with it and it will become automatic.
    You will then start to discover where things can be cut and reallocated to save time and money.

Plan B: A Simpler Method

Plan B would be considered the midsize version. It has more options, is simpler, and has absolutely everything you need.

It’s called Business in a Box. Yes, I know you are working on a home budget. But, a home is a business and so is your life and job as well. After 2008, everything has changed and it is time for you to change to compete in a tougher market economy.

Business is a box of 1300 formatted forms that are used to start a business. One of the first forms is a home budget all ready for you to use and fill in. In fact, in the older version I own, I used to actually run a business and I only used four of the forms under General Administration. This package will get you into business habits that run a successful home as well as a business.
Here it is for you to look at:
http://www.business-in-a-box.com/fr/docs/?q=document&a=buisiness-in-a-box&s=google&c=frtop&gclid=CIeC3rzm6b4CFQhqfgodRG0Akg

But, there of course is Plan C to consider.

Plan C: The Full Sized Option

My Ultimate Solution to running a home budgeting was to automate everything and here is how I did it.

I had my boss way back when I ordered a copy of QuickBooks Pro and I created a multi-million dollar computer network for her using it to plan, budget and order hundreds of servers and support systems.

I have since bought and used it for my home and personal consulting business since 1996.

I mean Pro not the checkbook or any of the cutdown stuff. If you are going to run a professional business or a home your can’t skimp. Here it is:

The neat thing is you can download it for free and play with it to see if everything I am going to tell you next is crazy or not.

When it comes up, it will ask you for your name and business name etc…

What you want to do is select a service business with the product option. You will get a bewildering number but keep those two options in mind.

This gives you the ability to enter services and products into an inventory.

Now you have options to fill in budget information, which is then indexed and codified for you. (See simpler already). It now also will maintain your banking and inventory of household goods and activities.

This is why I said choose both options. You now have an automated system that runs your home just like a company.

House repairs become Job proposals and job orders with estimates that print out. You now know how much a new pool will cost out, as it becomes a job order. So planning becomes a snap.

Time tracking becomes automated as well. You will start to see where you could again reallocate your time to get things down and not have to rob Peter to pay Paul.

We used to call that the 7Ps. Look it up on the internet. http://en.wikipedia.org/wiki/7_Ps_(military_adage) It is just as true now as when I was serving my country.

You now have Plans A, B, C that can handle any Home budgeting need you will ever have to face.

Your home will start to stabilize and if you should desire it, you could quite easily explore actually running a home based business, as you will already have developed many of the skills needed by running your home like a business.

I would call that an education that is worth the price and a Win-Win for you and your family.

Run your home like a business, you will have more money, free time and peace of mind knowing that you are doing the necessary things to guide your home safely and have it survive in these uncertain waters of the 2nd decade of the 21st century.

Your home will start to stabilize and if you should desire it you could quite easily explore actually running a home based business as you will already have developed many of the skills by running your home like a business.

I would call that an education that is worth the price and a Win-Win for you and your family.

How to Make Money Online

Making money online is possible. Several people have invested online and it has paid off. You need to look for the most effective ways to invest online and you will start making money. Nowadays it is necessary to look for ways you can make extra money. Having a passive income can be a great way for you to improve your income and start paying bills. Many people have looked for ways they can make money online and they have turned passive income into their main sources of income. Below we are going to explain to you some of the ways you can invest online and start making money easily.

Ways you can make real money online.

 

1. Online surveys

There are several online survey platforms where you can be signed up and start making money by filling online surveys. Some of the ways you can start making money online through surveys include signing up for online survey platforms such as life points, Toluna, OnePoll, populous live, opinion outpost, Yougov among others. The online survey platforms are free to sign up. You are welcomed to sign up free of charge and start making money. You can sign up for the online platforms and you will start making extra money by dedicating your time to fill the online surveys.

2. Online market trading

People trade online and they end up making a lot of money. It may require you to invest some money, but it will pay off in the long run. For instance, you can sign up for stock investing platforms such as eToro.com. The online survey platform is free to sign up but you will start making money through a platform where you will be guided. To make a lot of money trading stocks online, you need to research and have some experience. You can start by investing a small amount then grow with time. People have made a lot of money by investing in stock trading online.

3. Start a website

There are several ways you can earn money through running a website. You will have to sign up to a web hosting platform such as Bluehost then invest in search engine optimization. Running a website requires you to choose a niche then focus on SEO. If your website can rank high in a given keyword, then you can earn through affiliate marketing, Google AdSense among other ways. There are several ways you can earn through running a successful website. It is upon you to choose the right niche then focus on such a website and it will be possible for you to earn a lot of money in the process. If you can invest in the right niche, then it is possible to make a lot of money through running a website. You can even sell the website and make a lot of money in the process.

4. Reviewing websites and apps for cash

It is possible to make a lot of money through reviewing websites and apps. You can sign up at UserTesting.com and start making money. The platform allows you to review websites and apps from where you will get paid. They pay via PayPal making it easy for you to enjoy making money from the comfort of your home. People looking forward to making a lot of money through investing their time to review the work of other people can end up making a lot of money in the process.

5. Publish a Kindle eBook

Are you talented in writing? There are several topics out there you can choose to cover and write an eBook. Even if you do not have talent in writing. You can hire someone to write for you an eBook and publish it on the kindle store. With time, people will read the book and offer positive reviews. Other people will then buy it and read it. It will cost people few dollars to download your eBook but you will get money in the long run because within a year, you can get over a thousand people reading your eBook. Many people have made good money after they decided to invest their money in publishing eBooks.

6. Affiliate marketing

You may have heard about affiliate marketing. It is possible to make money through affiliate marketing. You will have to start a website then create affiliate links. There are several affiliate programs online. To convert and earn a decent commission, you need to sign up for affiliate programs where you can get targeted traffic on your site. The best way to go about affiliate marketing involves identifying a program then create content that relates to the given niche. There are many people out there who have invested in affiliate marketing and it has earned them good money online.

7. Gigs on Fiverr

You can sell virtually anything on Fiverr. The program works in such a way you will sign up and start selling services where you are knowledgeable. For instance, you can solve coding problems for people and they will pay you. The process is easy, sign up at fiverr.com and describe services you can offer. People from all over the world will hire you and you will start making good money in the process.

8. Buy and sell domain names

You can end up making a lot of money if you can start selling domain names online. A platform such as Sedo.com allows you to list domain names and sell them to people. There are people out there who have money and they would like to invest in domains that have value. You will have to search for the domains and locate those that have value. After you locate them, you can then proceed to list them online. Several platforms list them. With time, you can get buyers and they will offer you good cash.

9. Tutoring online

Do you have the knowledge you can share with people, you can sign up for tutoring services online and teach other people to get money. A program such as Udemy allows you to create a program where you can teach other people online. People are seeking knowledge and you can make money by offering your classes online.
There are several ways you can make money online. Other ways you can make money include Selling your photos, YouTube videos, Google AdSense, Freelance Writing among others.