Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Where Does the Money Go?: Introducing a Simple Method for Real-Time, Adaptable Management of Cash Flow, Expenses, Savings, and Debt
    Where Does the Money Go?: Introducing a Simple Method for Real-Time, Adaptable Management of Cash Flow, Expenses, Savings, and Debt
    Where Does the Money Go?: Introducing a Simple Method for Real-Time, Adaptable Management of Cash Flow, Expenses, Savings, and Debt
    Ebook91 pages40 minutes

    Where Does the Money Go?: Introducing a Simple Method for Real-Time, Adaptable Management of Cash Flow, Expenses, Savings, and Debt

    By Brian Schweitzer

    ()

    Read preview

    About this ebook

    Introduces a novel method for daily money management

    Presents an alternative to budgeting that features real-time adaptability and continual flexibility

    Improves awareness and control of finances

    Eliminates the surprise factor when receiving bills for credit cards or other debt

    Simplifies decision making regarding all purchases or expenses, whether planned or unplanned

    Provides the ability to instantly determine the impact of all purchases or expenses on your short and long-term financial picture

    Overcomes the challenges of budgeting, including the fact that budgets are updated only monthly, don't provide realtime adaptability, and are not adhered to for very long

    Provides one number with which to manage daily discretionary purchases and expenses

    Allows you to live comfortably in a lifestyle of spending based on your cash flow

    LanguageEnglish
    PublisheriUniverse
    Release dateAug 1, 2007
    ISBN9780595885121
    Where Does the Money Go?: Introducing a Simple Method for Real-Time, Adaptable Management of Cash Flow, Expenses, Savings, and Debt
    Author

    Brian Schweitzer

    Brian Schweitzer is a writer who has created a simple method for management of personal finances that provides daily adaptability for life's continual changes. He has an M.B.A. from St. Francis University, and lives in Ledyard, CT with his wife and children.

    Related to Where Does the Money Go?

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      An Alternative To GDP

      Aug 7, 2020

      the single most powerful ideology of our time is the fixation on growth. Irrespective of whether it is growth at a macro or micro level, if entities can demonstrate some form of growth, they are perceived to be on the road to success. The time, howev

      1 min read

    • Article

      Insider Tips

      Jul 9, 2020

      Insider Tips
      1 min read

    • Article

      Building trust

      Mar 1, 2020

      Building trust
      15 min read

    • Article

      Build a Bond Ladder with ETFs

      Nov 23, 2020

      The bond world can seem set in its ways, but once in a while an innovative product comes along to upend the notion. In this case, we’re talking about target-maturity bond exchange-traded funds, currently offered by Invesco and iShares. The ETFs inves

      5 min read

    • Article

      What Are Qualified Opportunity Zones? Important Details for Investors

      Aug 27, 2022

      Opportunity zones are identified by the IRS as communities in need of economic development and revitalization. Through tax incentives and investments in these underdeveloped areas, opportunity zones became part of the Tax Cuts and Jobs Act of 2017 an

      4 min read

    • Article

      How Social Media Encourages Consumption

      May 1, 2020

      When it comes to making decisions about saving money for the future, many of us are ‘grasping at straws’. Why is that? Figuring out how much to save for the future is no easy task — and the fact that many of us will now live to be 100 makes it even h

      6 min read

    • Article

      So, You Want To Buy…

      Apr 24, 2020

      So, You Want To Buy…
      6 min read

    • Article

      Spend Without Worry in Retirement

      Aug 30, 2021

      The Irish poet and playwright Oscar Wilde once said that it’s better to have a permanent income than to be fascinating—a sentiment many retirees undoubtedly share. Unfortunately, the decline of traditional pensions in favor of 401(k) plans (and other

      12 min read

    • Article

      The Practical Investor Packs It In

      Mar 7, 2019

      When I first saw the Disney movie The Little Mermaid, I was captured by a line uttered by the villainous sea witch, who taunted the heroine to give up her prized possession (her voice) in exchange for the legs she yearned for. "Life's full of tough c

      2 min read

    • Article

      An Impact Investing Guide for Private Foundations

      May 19, 2022

      Imagine that your foundation is dedicated to eradicating childhood asthma in your home state. One day, you are listening to the local news during your morning commute and you hear a report about an aging coal-fired power plant where the sulfur dioxid

      10 min read

    • Article

      Back to School: What You Need to Know about College 529 Savings Plans

      Aug 21, 2018

      It's that time of year again: To the collective relief of parents nationwide, the school year is about to begin. And with that, now is as good a time as any to review 529 education savings plans. After all, the 529 plan remains extremely popular, wit

      6 min read

    • Article

      Your Financial Planning Calendar for 2020

      Nov 26, 2019

      Whether or not you make financial New Year's resolutions, you no doubt want to improve your bottom line in the coming year. With that in mind, we have some suggestions for bolstering your finances each month, ranging from budgeting in January to chec

      10 min read

    • Article

      All About Wealth

      Sep 3, 2020

      All About Wealth
      1 min read

    • Article

      Great Expectations

      Nov 17, 2019

      Planning ahead always pays off, especially when it comes to your finances. Securing your financial future will help you achieve long-term goals and can play a role in reducing overall financial stress, says Laura Baker, senior financial planner for C

      2 min read

    • Article

      The Crash And After

      Apr 16, 2020

      The Crash And After
      6 min read

    • Article

      Retirement Planning Checklist

      May 24, 2021

      Ideally, you should start planning for retirement the day you receive your first paycheck. But in reality, most of us don’t focus on retirement until much later—and that’s fine, as long as you’ve been saving throughout your career. Once you reach you

      10 min read

    • Article

      Finding Health Insurance Before Medicare

      Jul 30, 2018

      Eric Galler retired early, but he has a big job ahead of him: finding high-quality health insurance for less than a king's ransom. This year, Galler is paying $17,000 in premiums for a plan that covers himself, his wife and his 20-year-old son--and t

      8 min read

    • Article

      Additional Quick Tips to Consider

      Dec 24, 2020

      If you've never considered bringing an accountant on board for your small business, here are some key points to consider that will open your eyes to the extent of the benefits they can bring. An accountant can deal with the fundamentals of tax retur

      1 min read

    • Article

      5 Stock Picks With Bulletproof Profit Margins

      Apr 27, 2022

      Making good stock picks is challenging at any time. But these days, investors must be wary of companies that are vulnerable to higher-for-longer inflation, as well as lingering supply-chain disruptions, rising interest rates and the scary geopolitica

      1 min read

    • Article

      'Trust Is the Key'

      Dec 23, 2017

      'Trust Is the Key'
      2 min read

    • Article

      Top 10 Reasons Real Estate Investors Are Jumping into DSTs

      Mar 21, 2021

      In the last 12 months billions of American real estate investment dollars have poured into DSTs (Delaware Statutory Trusts) via the 1031 exchange process.  What is a DST?  A Delaware Statutory Trust is a legal entity formed under Delaware law that al

      3 min read

    • Article

      What Happens to Your Digital Assets When You Die?

      Apr 29, 2021

      Not very long ago, owning a personal computer was a novelty. Today we all interact personally and professionally using desktop or laptop computers and access the internet by way of cellphones. The constant presence of digital information in our lives

      2 min read

    • Article

      For Your Money, Which is Better: The Algorithm or the Adviser?

      May 29, 2018

      We've seen a massive movement toward convenience and automation in nearly every industry. As consumers move toward the option of ordering products online from sites like Amazon, the retail world has seen a record-breaking number of brick-and-mortar

      4 min read

    • Article

      Constellation Software Knows How To Allocate Capital

      Jul 23, 2021

      adapt IT is currently the subject of a bidding war between JSE-listed Huge Group and Volaris, the subsidiary of a Canadian company called Constellation Software. We own Constellation Software in our funds on behalf of clients and we believe that the

      3 min read

    Related categories

    Reviews for Where Does the Money Go?

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Where Does the Money Go? - Brian Schweitzer

      Contents

      Preface

      Chapter 1

      Introduction

      Chapter 2

      The One Number Mindset

      Chapter 3

      Preparing the Mind

      Chapter 4

      Definitions of Key Terms

      Chapter 5

      Prioritization

      Chapter 6

      Forecasting

      Chapter 7

      Daily Management

      Chapter 8

      Monthly Maintenance

      Chapter 9

      Best Made Plans

      Notice

      About the Author

      How to Order Worksheets

      Additional Information

      for Alicia, Victoria, and Isabella

      Preface

      I am fascinated by the ability of some people to create wealth out of modest incomes, yet not seem to cut any corners regarding their lifestyle. I see some individuals live comfortably, while others seem to stress over every dollar spent while earning the same relative income. For people other than the wealthy, is the amount of income the key determinant for financial stability and lifestyle, or is it one’s ability to manage money on a daily basis? I don’t know the answer to this question based on any study, research or quantitative data. However, I do know from personal experience that if you do not have a system that allows you to be keenly aware of your financial situation, money can easily disappear or be spent on unnecessary purchases, and debt can grow to the point where it dominates your financial picture.

      After going through the process of paying off a considerable amount of accumulated debt, I began to look back to recall my history of spending and wonder where all of my money had actually gone. I found myself still paying off debt for things that I no longer used, and in some cases couldn’t remember buying. In addition, I often wondered about the timing of certain purchases, and why I was driven to make the purchase at a specific time. Why couldn’t I have just saved for a while to make a purchase, based on the discretionary money that I had available, rather that buying on impulse and having an immediate, monthly financial impact? The level of debt was not necessarily more limiting to my financial picture than the lower level of flexibility that I had with large debt payments. However, neither compared to the flexibility available if I at least thought through the process of paying for a major purchase or need ahead of time.

      I made a decision to never put myself in that position again, and decided to develop a method to actively manage my cash flow, debt, and savings. Most importantly, I wanted the ability to make real-time adjustments to my money management method, to be able to avoid surprise bills, and to absorb unexpected expenses with minimal impact to my overall financial picture.

      The method that I developed included some documentation and notes, but became mostly mental after a while, and really made a difference in my financial stability. After a long period of witnessing, reading and hearing about the challenges that many people face with daily money management, debt reduction, and building savings, I decided to attempt to document my process for others to use.

      The result of my effort to document this method is presented herein. I have written the book in a direct and concise manner. The thought processes and calculations, while not difficult in terms of the ability required, may take some practice due to the change in mindset required in order to work them into your financial picture. However, after you get the method, it is simple, not

      Enjoying the preview?
      Page 1 of 1