Fi​nancial Consulting

Balance the Budget

A Little Info About Debt

FUTURE PERFORMANCE

DEBT IS A 4 LETTER WORD, WE CAN PUT INTO 3 DIFFERENT CATEGORIES (and not always bad):


GOOD DEBT  - Such as a mortgage, or a student loan. Debt which you incurred, have under control, paying a low interest rate, have a payment plan. Sometimes, these debts offer tax advantages.


IN BETWEEN DEBT - Debt which you incurred, not because you wanted to, but because you needed to, such as car loans, medical debt and business loans. Most of these are probably effecting your credit score and there is no tax advantage.


BAD DEBT - Known as consumer debt, or credit card debt, or personal debt. Debt which is not under control, and/or has a high interest rate.



The first step to a stable financial future is a balanced budget. It can be difficult to know where to start, and that's where we come in. 

No matter what financial plan you want, you need to know what your cash-flow is. Future Performance has created blanks to help you.

Budget for Excel

Budget for Doc

Other options include utilizing one of the following:

Mint (Free)

Quicken

Quickbooks