By Tim Kowols
A monthly expense worksheet can help you in more ways than just seeing where your money is going and who is receiving it. Whether it is someone recently going through a divorce or a death and never handled the finances before or a newly wedded couple combining their money for the first time, the monthly expense worksheet is often used to help people move forward. Gay Pustaver from Money Management Counselors says either way, it is an eye-opening experience.
Monthly expense worksheets can also help people look at hypothetical situations such as buying a home, having a child, and entering retirement. You can listen to the entire Money Management Monday interview with Gay Pustaver online with this story.