What is the best way to keep a budget?
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination.
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Signal Financial is a cooperative, owned and operated by its members. This is what distinguishes the credit union from other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, loan income is returned to all members in the form of dividends and comprehensive financial services.
Signal Financial is governed by a Board of Directors that establishes and reviews policy. The Directors are credit union members who are elected by the membership and serve without pay. Every member has one vote, regardless of how much he/she has on deposit. At the credit union, there is no select group of shareholders that profits more than anyone else. All members profit -- individually and collectively.
At Signal Financial we strive to provide quality and fairly-priced financial services for our membership.
Signal Financial is a federally-chartered credit union, organized under strict regulatory laws that are monitored and enforced by the National Credit Union Administration, an agency of the U.S. Government. The NCUA insures each member savings account for $250,000 and an additional $250,000 for Individual Retirement Accounts (IRAs).
What is the best way to keep a budget?
In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination. This video is designed to deliver basic financial information to assist individuals and families to be able to identify goals and process strategies for their specific financial needs. The topics included in this video cover are: self-evaluation of debt load, budgeting strategies, understanding the effects on your credit and scores, why savings is important, how to develop a debt elimination plan, and the importance of financial education and how financial counseling may be useful.
This expert: 17,969 views
This series: 13,604 views
Transcripts
Speaker: What is the best way to keep a budget?
Kandance Beamon: The best way to keep a budget is really what is most convenient for you. We like to tell people that the budget should always be written down. But now, a lot of people are keeping their budget electronically. So they are going into the computer and setting up an Excel Spreadsheet with all of their expenses in every month, they go in and they plug in the numbers. More people are using online banking now. So they are using that as a way to track where the money is going, what the money was being spent on and tracking their expenses that way. So when you put in together -- when you are recording your budget, you are looking at, it can't be done on paper, because there are some great paper budgets out there that you can use or you can set it up on an Excel Spreadsheet where every month you go in and you can look at, you plug in all your numbers and the great thing about doing it in an Excel Spreadsheet though is that you can compare it from month to month. So at the end of the year, you can see those areas where you have spent the most money and maybe one of your New Year's resolutions can be, next year I am not going to spend as much money or in clothing as I did the previous year.
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View Comments (Add Comment)
davediaz57 Flag
Problem with a couple of segments.
Check the segment lengths and you'll find a couple that are really abnormally short. One segment even cuts off before the inquisitor's question is completed.