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Are you ready for financial Freedom?!  You’ve come to the right site!  We have a lot of great information from early retirement to financial calculators.  We also have a lot of great information about fidelity net benefits programs.  This includes all 401k fidelity programs.

Our debt snowball spreadsheet is a great way to payoff debt.  This tool allows you to quick add credit card, student loans, auto loans and any other kind of debt.  Once you have added the debt accounts, the debt snowball calculator will create a debt plan.  This debt reduction plan tells you, which debt to payoff first.

While creating a budget is not my idea of a fun Saturday night budgets are an integral part in getting your finances in order.  Before you do anything you need to know how much money you have coming in every month.  All you need for this is your pay stubs.  Also if there is any other monies coming in make sure you account for them as well ( IE child support, alimony, settlement payments, and interest).

Next we need to figure out where our money is going.  To determine where your money is going gather up as much information as you can: bank statements, utility bills, credit card statements, Etc.  You want to gather as much information as possible so that you can get an average of what expenses you are paying out each month.

Make two list of expenditures fixed and variable.  Fixed includes things like mortgage or rent, car payment, minimum credit card payments, utilities etc.  These payments are payments that you have to make every month.  Variable expenses include gas, groceries, entertainment etc.  Variable expenditures are important as this is where your “extra” cash is going to come from.

You have now created a budget and know where your money is coming from and going out.  Hopefully your income is greater than your expenditures this will make getting yourself out of debt a little easier.  If you are spending more than you have coming in you are going to need to drastically change your spending habits if you want to get out of debt.