Managing debt seems to become even more complicated when one has mouths to feed and others to take care of. This compounds the stress level exponentially. Sometimes it can feel like you will never be able to get out of the financial hole that you're stuck in.

With Finances 123 Inc., we want to help you gain control of your money. This means paying off your debt, saving more money, and breaking vicious cycle of paycheck-to-paycheck schedule that many families find themselves on. The first step towards this is coming up with a family budget, step-by-step, that actually works.

Step 1

Find out how much money you have coming in and how much money absolutely needs to be going out each month. With Finances 123 Inc., we will assist you in identifying your total incoming and outgoing money. This will help us identify the amount of money that you need to make in order to clear your minimum payments for the month.

Step 2

Next, we break up the outgoing money into subcategories to identify where you really owe money (i.e. utilities, secured debts, unsecured debts, and discretionary spending). Out of these four categories, discretionary spending is where a sufficient amount of focus will be put as this form of spending tends to add up quickly.

Step 3

The purpose of identifying your outgoing money is to identify where changes could be made that allow you to retain more of your income. For some, discretionary spending will be the only area where one can find the money to reduce their existing debt. 

This is the beginning, coming up with a quality family budget that works for the unique needs of your family. The primary goal of your budget, which Finances 123 inc. will assist you in, is to put an end to debt accumulation. This can be accomplished in any number of ways. We will work with your individual needs to ensure that you and your family are still being well taken care of in this process.