What Expenses Affect Fixing My Credit
Unfortunately, all of our expenses effect how we go about fixing our credit.
The only way to gain a grip on our expenses is to tie them all down and figure out what each and every one is.
In many cases we write down all of our monthly payments such as car payments, house payments, power, gas, and other utilities.
But what about the expenses we always try to brush under the rug? The ones that happen every month, week and sometimes everyday - It is human nature to casually forget that these "little" expenses exist.
After all what's a $5 coffee at Starbucks or a $3 meal at McDonald's? Nothing until you add up the fact that you are going every business day.
That's over $200 in coffee and Big Macs'.
To help you with the plight of "fixing my credit," here is a list of expenses that you need to take into account when working to fix your credit.
Rent/ House Payment Property Taxes Insurance (home, car & medical) Phone (house & cell) Gas & Electric Water & Sewer Cable TV Garbage & Recycling Household supplies (lawn and home maintenance) Property (maintenance and repairs) Groceries Eating out (breakfast, lunch, dinner, coffee, anything not prepared at your house) Clothing Laundry (detergent, washer & dryer maintenance) Toiletries, Cosmetics Hair cuts, massages, nails, health club memberships Medications, Doctor Appointments, Vitamins, Therapist Vehicle registration, maintenance, gasoline, oil changes, washing, parking meters, public transit, parking tickets Movies, concerts, sporting events, hobbies, club & membership dues, books magazines, newspapers, software Babysitter, Allowances, School supplies, toys Pet food, grooming, veterinary, toys, boarding Student loans, tuition, books, supplies Travel, Vacation, visiting friends and family, hobby related Birthday, Christmas, Wedding, Anniversary gifts Personal lawyer, accountant, stamps, bank and credit card fees Taxes Savings & Investments Granted this is a long list, but many of the items are things we overlook when creating a budget.
Tending to factor in only the normal month to month bills, sometimes we fool ourselves into believing we can spend more than we actually have available.
For example: after house payment, utilities, groceries and all the normal expenses you're noticing in the budget an extra $300 every month.
Well that means you can buy a new car! Once the car is purchased the bi-monthly garbage bill comes in and the registration for the other cars, insurance and property taxes come due - Now what? It takes a little more work in the beginning but it is well worth the effort to track every tiny little expense for a few months.
Once you know where your money is going, you can effectively cut back on expenses and begin fixing your credit.
The only way to gain a grip on our expenses is to tie them all down and figure out what each and every one is.
In many cases we write down all of our monthly payments such as car payments, house payments, power, gas, and other utilities.
But what about the expenses we always try to brush under the rug? The ones that happen every month, week and sometimes everyday - It is human nature to casually forget that these "little" expenses exist.
After all what's a $5 coffee at Starbucks or a $3 meal at McDonald's? Nothing until you add up the fact that you are going every business day.
That's over $200 in coffee and Big Macs'.
To help you with the plight of "fixing my credit," here is a list of expenses that you need to take into account when working to fix your credit.
Rent/ House Payment Property Taxes Insurance (home, car & medical) Phone (house & cell) Gas & Electric Water & Sewer Cable TV Garbage & Recycling Household supplies (lawn and home maintenance) Property (maintenance and repairs) Groceries Eating out (breakfast, lunch, dinner, coffee, anything not prepared at your house) Clothing Laundry (detergent, washer & dryer maintenance) Toiletries, Cosmetics Hair cuts, massages, nails, health club memberships Medications, Doctor Appointments, Vitamins, Therapist Vehicle registration, maintenance, gasoline, oil changes, washing, parking meters, public transit, parking tickets Movies, concerts, sporting events, hobbies, club & membership dues, books magazines, newspapers, software Babysitter, Allowances, School supplies, toys Pet food, grooming, veterinary, toys, boarding Student loans, tuition, books, supplies Travel, Vacation, visiting friends and family, hobby related Birthday, Christmas, Wedding, Anniversary gifts Personal lawyer, accountant, stamps, bank and credit card fees Taxes Savings & Investments Granted this is a long list, but many of the items are things we overlook when creating a budget.
Tending to factor in only the normal month to month bills, sometimes we fool ourselves into believing we can spend more than we actually have available.
For example: after house payment, utilities, groceries and all the normal expenses you're noticing in the budget an extra $300 every month.
Well that means you can buy a new car! Once the car is purchased the bi-monthly garbage bill comes in and the registration for the other cars, insurance and property taxes come due - Now what? It takes a little more work in the beginning but it is well worth the effort to track every tiny little expense for a few months.
Once you know where your money is going, you can effectively cut back on expenses and begin fixing your credit.
