Monthly Family Budget

Monthly Family Budget Created in 5 Simple Steps

Updated 2019

Creating a monthly family budget is a challenging job. It takes time to master the skill of balancing cash inflow and cash outflow. Yet, this is a very important task to control our finances, if not, it would be otherwise.

Sit down for a few hours to think about the things involved in budgeting. Good planning is the key to create a successful household monthly family budget. But, execution is the best way to overcome the challenge and find your way to financial stability.

To be able to make it possible, even if how demanding it seems, break it into a simple method. And, get started. So, let’s get the ball rolling!

Easy Steps to get you started

STEP #1: Determine your goal.

OmahaSteaks.com, Inc. Setting a goal is a very important step. This creates the map on where the plan is going. For whatever reason you have in mind, this becomes your lead. And your motivation in sticking to the monthly family budget for the family.
Also, it must be specific, measurable, accurate, and realistic and, time-bounded – SMART.
Writing your goal will also help you get focus and reminded of your goal.

STEP #2: Select the budgeting style that fits you.

Photo by NeONBRAND on Unsplash 1

Photo by NeONBRAND on Unsplash

Recording your cash inflow and outflow using a pen and paper are still common today. Using an accounting ledger, you can write down the ins and outs of cash. A working calculator is also needed to help you in the computation.

Though manual is still an accurate way to notate income and expenses. An electronic budgeting software will make your job a lot easier with fewer errors too. Visit Mint.com to sign up and create an account for a budgeting tool.

STEP #3: List everything that affects budgeting

Photo by Dose Media on Unsplash

Photo by Dose Media on Unsplash

U.S News and World Report suggest separating the incoming and outgoing. Anything that has something to do with the finances must be included. Like income statement, bills or receipts must be listed and categorized. Get the total of the incoming amount as well as the outgoing. At this point, you will be able to determine which amount is higher.

In most cases, income is smaller compared to expenses, hence budgeting will come in.

STEP #4: Study and check the expenses.

Photo by Lonely Planet on Unsplash

Photo by Lonely Planet on Unsplash

This step will help you determine the specifics of the outgoing category. It includes utility bills, mortgages, and credit cards. Also, another necessary spending like food and clothing needs review.

Draw your attention to optional spending. That is usually incorporated into your necessity, like expenditures for recreational activities. Keep an eye on this subcategory since it will go up fast without us being aware consciously. It is wiser to control this spending as this is the only option that you can divert money to pay off debts.

Control and be mindful.

STEP #5: Debt pays off.

Photo by Matthew Kwong on Unsplash

Photo by Matthew Kwong on Unsplash

Most of us want to become financially free. That is the reason for budgeting with the hope of getting out of the rat race. The way to make it happen is to pay debts each month, at least. But, if you’ll pay higher than that, it will decrease the debt and makes interest lesser.

College to Career

As a new graduate, you might not know what your next step should be. Check out Transitioning from College to Career: A Guide for New Grads by our friends at Groom and Style.  Part of your monthly family budget should include planning for your future.  This guide is an outstanding resource to prepare young adults in the “real world.”

Monthly Family Budget Final word

Monthly family budgeting is a mixed-up, but it doesn’t say it is difficult. Self-discipline is a key to make budgeting work easier. We just need to live on by our means. Getting aware the real value of how much we only earn and spending only within it.

Do not spend beyond your capacity in order not to blow up.

By knowing our income, liabilities and the outflow of the money, we gain control over our finances. The challenge though is to decide which one to sacrifice to cut or minimize to live within what we earn.

In cases of payments are still much greater than the inflow, extra income can be a solution. Or, you can find your way to a free credit counseling service for a more informed decision you can make.

Nothing is impossible if you believe and act on it.

What do you plan on doing to create a monthly family budget? Share in the comments below so that we can learn from one another.

RESOURCES

https://www.today.com/money/build-family-budget-actually-works-2D79417869

https://www.mint.com/budgeting-3/how-to-create-a-budget-step-by-step

https://theorganisedhousewife.com.au/organising/money-saving-budget-tips/how-to-create-a-family-budget/

https://www.thebalance.com/set-up-a-family-budget-3129262

https://money.usnews.com/money/blogs/my-money/2011/08/18/how-to-make-a-basic-budget

https://www.mint.com/

https://money.usnews.com/money/blogs/my-money/2011/08/18/how-to-make-a-basic-budget

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It’s Been Two Weeks But Happy New Year!

Work life and home life has gotten the best of me and I have not been the best at keeping YOU abreast of the best information out there regarding working online. I won’t even begin to explain how busy these past four weeks have been between.

However what I can tell you is that 2019 is here and I PROMISE you that I will continue to bring the best online opportunities and more episodes of my podcast, The Teacher Ces Podcast.

I invite you to follow me on social media.

Although I am not Oprah, I will leave you with three of my favorite things that you might want to check out as well:

I spend the month of December reading Becoming. It was definitely inspirational and eye-opening.  I would love to start a book club and have a discussion about this book.

 The holiday was a good time, too good time actually. I have been drinking a lot of green tea to get everything back in order.

My old online headsets finally cracked on me. I mean literally fell apart. I am overall happy with these new headsets.

Freelance Life: Learn on How to Earn Extra as an Educational Writer

Great news! You can increase your income without compromising your day job. As long as you have a bachelor’s degree or master’s degree you are much qualified to do freelance writing.

You can consider educational writing like a machine to generate income.  This can be a lucrative and satisfying field for a freelancer.

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What is the specific job of an Educational writer?

The Education Writers Association defined the work of  Education writer as newspaper reporters.  And are also like freelance writers which have education as the primary focus of the topic. Part of their duties is to develop lesson plans. Aside from that, they create textbooks for students from pre-school to postgraduates.

They also produced articles like e-books and pamphlets. While

others concentrate on online materials for informational sites. Some educational writers may conduct research, surveys, observation and investigate to collect data. And these are being used to analyze and report information on the educational system.

Education writer may also cover teaching trend of the school. The university rankings, school violence and any government mandate related to education. They must be knowledgeable in the academic world, too. And are sensitive to the feelings of the community.

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Basic skills required

#1: Education writer must have strong communication skills. They should have the ability to communicate complicated information. In such a way to be precise, accurate and compelling manner as it’s vital for a career in education writing.

#2: These kinds of a writer must have good comprehension. A deep understanding of educational approaches. As well as the basic schooling system in your country. All these factors are important for educational writing.

#3: They must be knowledgeable enough about the practices of the curriculum requirements. And forthcoming trends which will help you to adapt to changing demand and to keep stay updated.

Where can I find work as an educational writer?

There are many ways where you can find work as an education writer. You can search internship opportunity online or in a newspaper. Some may apply as the freelance education reporter. Also, work as a writer creating varied content. Like books, newspaper, articles, blogs, scripts or other types of media.

pexels-photo-164527.jpeg

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How much average salary of an education writer?

The U.S. Bureau of labor statistics (BLS) does not clearly define this. As they have not given the specific salary of people working as an education writer.  But the median salary of a writer and authors who work in the same industry earned the average income. The would amount to $60,250 per year as of May 2015 data.

This is considered huge income as a freelance or part-time education writer. On top of your stable day job, you can potentially earn that much money. But it would be depending on the time you allot and the topic assigned to you.

Bottom Line

If you are a bachelor’s degree holder or has a master’s degree you can use these credentials. To maximize your earning potential. Yes, there are many opportunities out there aside from being educational writing. Those may offer more income compared to that gigs. Although this might not sound as glamorous or exciting as some other writing genres. But still, it can certainly give you a reliable income as a freelance writer. You will have a chance to work in a multi-range of projects across different age groups. And be an expert writer in educational areas.

Reference:

https://learn.org/articles/Education_Writer_Answers_to_Your_Career_and_Salary_Questions.html

https://study.com/articles/Education_Writer_Job_Description_and_Career_Information_for_Becoming_an_Education_Writer.html

https://www.freelancewriting.com/copywriting/freelance-educational-writer/

https://www.bls.gov/

How to Earn Money from Home through Grade Test Online?

If you have right credential then you can earn money to grade test papers online. Many students from different grades take a standard examination. This standard test will help the students. And school officials to determine how well the students learning.

For those with teaching experience, and desires to work at home. Landing to gigs in scoring standardized test is the best option for you. There are companies intentionally hire workers on-site, to score the test from home. These companies this option to cut their workforce.

There is the variety of test given yearly. Not all test can be graded by a machine so they need someone to check and grade it manually. Some companies will recruit online test scorers to work from home. They are the task in a grading test, especially during busy academic periods. The best time to apply to grade test is during the winter and spring.

How much the average payment?

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The average rate depends on the project. You may check out https://www.dreamhomebasedwork.com to for more details. The good thing about this is you have the options to choose your best schedule. Since this is a seasonal job. And the standardized test is given certain times throughout the year.

How to apply?

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Check your credentials. The least requirements to apply as a test scorer is to hold a bachelor’s degree. If you are a certified teacher then you have the advantage, you can easily apply to grade tests. If you are qualified submit your application online.

Where to apply?

You can choose any of the following sites that can help you earn money by grading test at home. Most of the work is project-based so you can adjust how much time you want to put for this work.

Option#1: SAT Online Scoring-  SAT essay offered part-time or full-time hours of work. You can make a four, six or even eight-hour shift by grading the essay subject. You need to pass the Equipment Technical Service qualifier exams and to have a bachelor’s degree. The average pay is $15 per hour for scorers.

Option#2: ACT Online Scoring this exam site is always hiring for test scorers. They seek qualifies people to evaluate the written portion of the ACT. A bachelor’s degree is required and high school teaching experience is the advantage. If you are hired you can receive $12 payment per hour and extra bonus incentives.

If your performance is good your payment will eventually increase.

Option#3: PEARSON is a company that has already proven track record. And it has been operating for around fifty years. They provide educational assessment products to schools and institution.

The minimum rule is at least a bachelor’s degree to qualify as a test scorer. If the applicant passed the training and testing phases. They are required to work a least of 20 hours per week at $10 per hour. The good thing about Pearson is they will provide health insurance to the scorer and also to the entire family.

Option#4: Educational Testing Service (ETS). This company is like Pearson the scorers score the educational exam and essays. Bachelor’s degree required.

You may try other online company who offer the same opportunity. These are WriteScore, Measurement Inc., and Literally.

Bottom Line

The opportunity to earn online as a grade tester or test scorer is not a permanent job. Because this is the project based job so this may not be advisable to replace your day job or your main gigs. This is only the best alternatives to earn extra money while you are in the comfort of your home.

REFERENCES

Online Test Scoring Jobs from Home

HOW TO EARN MONEY GRADING TESTS ONLINE

7 Work at Home Test Scoring Sites That Pay You Money

Earn Extra Cash by Selling your Notes and Study Guides with Course Hero

Nowadays there are many ways how to make money online. Regardless if you are a professional, businessman, or even you are a student.

Do you know that there are lots of opportunities for a college student to generate revenue? By doing something they are used to do every day like, note-taking, research and make a study guide. If you are an exceptional note taker, then it is possible for you to earn extra cash.

Semester notes and study guides selling.

Yes, these two can help you earn, sell these to other students who need some help using course hero platform.

What Is Course Hero?

Here is a brief background of Course hero. It is an education technology online site company. They perform an online educational platform for students enrolled in their system. Students have access to resources for the specific study course. These are learning materials that group of students and educators contribute.

The platform contains the practice of problems, infographics, and essay. Also, you can find study guides, class notes, laboratory report. User-submitted questions with the answer from tutors uploaded by educators are also accessible.

It is Founded by Andrew Grauer at Cornell University in the year 2006. And the headquarters is located in 2000 Seaport Blvd Redwood City, California.

Course hero also tutoring services. With this opportunity, you can earn extra money for helping students to learn. And top tutors is potentially earning an average of $500 per week.

Share your knowledge through your notes and earn money!

Yes, selling your semester notes to another student who needs help will not make you rich. But you can earn extra cash to enough to support your tuition payment and allowances if you are a college student. Remember there is no extra effort to take no extra time spent when you sell your note and study guide. Because this is something you are doing anyway and every single day.

Step by Step on how to earn extra cash in sharing your notes and courses with course hero.

Step#1: First you need to visit the Course hero website: https://www.coursehero.com

Step#2:    You sign up for an Account

Step#3:  After you sign up, go to the course advice tab or Upload documents

Step#4: You are expected to give advice on courses that you are knowledgeable. You will get $10 in tutor credits in submitting for 3 courses advice. The income can go as much as $20.

Step#5: You will get $1 every time your resources used by subscribers in 20 times.

Step#6: You can increase your earning by Sharing your work on social media

Step#7: Make sure to provide more descriptions about your courses like professor and year

Step#8: Use optimize descriptive titles to improve rankings on search engines

Step#9: When uploading your document make it sure to tag various categories.

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Course hero methods of payment used

Course Hero pays you after doing above all steps by step.

A friendly advice:  you need to withdraw your money from your account regularly. Through any of the following method used by course hero to pay.

  • Paypal
  • Visa
  • Mastercard
  • American Express
  • Discover

Final thoughts

Course Hero is the best platform for a colleges student. And tutors too, to upload and share class notes, and study guides. You don’t need to waste your effort after you utilized it. But rather you can earn extra cash by selling your semester notes and study guides. You only not earn money but also extend help to the other students who need help.

If you have more reasons to share, leave a comment below.

YouTube

https://www.youtube.com/channel/UCYnqNyf5pKXf1swbNl7hGAw/featured?view_as=subscriber

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https://www.instagram.com/teacherces

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https://www.twitter.com/teacherces

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Pinterest

https://www.pinterest.com/teacher_ces

Newsletter link:

https://mailchi.mp/4f3a3387a66e/free-products-podcasting-more

REFERENCES

Course Hero-Master your classes

Course Hero-Wikipedia

Course Hero- become a tutor

Making Money Online by sharing semester notes at Course Hero