Phantom Electric Ghost

PEG Talks Up Budgeting Practices with Pigly.com

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Pigly.com is your reliable source for all things related to personal finance. Pigly calculators make running the numbers fun and simple, aiding you in making smart financial decisions.

The Consumer Financial Protection Bureau Recommends these Budgeting Steps

https://www.consumerfinance.gov/about-us/blog/budgeting-how-to-create-a-budget-and-stick-with-it/


  • Step 1: Where does my money come from? The first place to start is getting a complete picture of where your money comes from. You may be self-employed, have multiple jobs or receive child support or government benefits -- all of these sources should factor into what you have available to make ends meet. Start by recording all of your income with our Income Tracker .
  • Step 2: Where does my money go? Equally important but the heaviest lift is logging your spending so you get a realistic picture of what your money, on an average month, is going to. Our Spending Tracker  helps you both log and sort your spending by categories like utilities and housing to eating out and entertainment. If this feels overwhelming, start small and look at your expenses one week at a time by either reviewing your receipts or checking account. You could also start a daily log of your expenses so you’re making sure to capture those small expenses -- like buying breakfast or lunch instead of bringing it with you -- that add up over time.
  • Step 3: What are all my bills and when are they due? If you’re coming up short at the end of the month, it could be that the timing for your bills and income don’t match. Our Bill Calendar  is designed to help you remember when your bills are due but also keep in mind weeks when you need to be careful about your spending. Missing payments or not paying on time can also have larger impacts on your credit scores and overall financial well-being.

    • Step 4: Create your working budget. Once you’ve identified all of your income sources and started tracking your spending and when your bills are due, our Budget Worksheet  pulls everything together so you have a working and realistic budget.


    Phantom Electric Ghost likes this budgeting tool from Pigly.com


    Check out this Pigly.com Budget Paycheck Calculator Tool

    https://pigly.com/budget/paycheck.php

    The following calculators allow you to convert wages across various period, to see what your effective hourly salary is after deducting work-related expenses & estimate total lifetime income. Results adjust automatically when any input is changed.

    • Convert Wages 
    • Real Hourly 
    • Lifetime Earnings

      • This calculator makes it easy to estimate paychecks based on either a stated hourly wage or an annual salary amount. Enter a wage amount you wish to convert, your regular work hours, any overtime information and your estimated blended tax rate. This calculator will quickly express income earned in one period into estimated pre-tax and after tax wages for other periods. If you do not work any overtime leave that value set to zero.


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