By Tim Kowols
Putting money aside for periodic or unforeseen expenses could put you ahead of the curve when it comes to developing your spending plan. According to Bankrate.com, only 37 percent of Americans are able to cover an unexpected expense of $500 or more. Gay Pustaver from Money Management Counselors says to start planning your monthly expenses on a worksheet by grabbing a pencil and considering every purchase you make or plan to buy, right down to the postage you get to mail back your bills.
Pustaver says walking through your monthly expenses worksheet can be a fun, educational experience and, more importantly, bring you peace of mind. You can find the forms and listen to the entire Money Management Monday interview with Gay Pustaver online with this story.