State of Affairs Calculator
June 13, 2007One of the mantras in the personal finance community is to have a budget in order to take control of your expenses and thus (hopefully) free up some money to save and/or invest in the long run.
Budgeting isn’t always easy and it’s especially hard if you don’t know where to start and have no idea where the money went that used to be in your account two weeks ago. This whole scenario gets even more complicated when you owe money, i.e. you’re in debt and various people/institutions expect payments from you on a regular basis.
I’ve just found an excellent starting point, that doesn’t just give you an idea where your money is going but also helps figuring out what you can afford given certain fixed costs. Make sure you check out the “State of Affairs Calculator” to get a better picture of your financial situation!
