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WEIGHT LOSS SOLUTION: EXPENSES FOR LOSING WEIGHT
What so many individuals are saying is that they do have the money, but they have spent the money - in fact, many times they've spent considerable sums of money on weight loss and derived no return on their investment. They felt that they were "taken" and now feel foolish. For this group, it's not so much "I don't have the money" as it is I m not going to get duped again." Are you one of these people?
But wait a minute, what about those of you who really don't have the money? I'm aware that many people live on a tight budget, have a fixed income, or already have accumulated substantial debt. If money truly is a real issue for you, complete the following exercise to determine if you can find the funds to apply toward flipping. Read on- I think most of you will be pleasantly surprised to find out what this exercise will reveal.
For those of you who have never constructed a monthly budget, it's much easier than you probably think. Begin by recording your total approximate monthly after-tax income.
To determine your monthly income, take your weekly paycheck amount (the net, not the gross), multiply it by fifty-two, since there are fifty-two weeks in a year, and then divide by twelve, since there are twelve months in a year. This amount is your monthly after-tax, or net, income. (If you are paid every other week, multiply by twenty-six, or by the total of pay periods you have. Then divide by twelve.)
Next, total all of your fixed monthly expenses. The following are examples of typical fixed monthly expenses:
Rent or mortgage
Car payment
Other loan repayments
Gasoline expense for car
Car insurance
Basic home phone service, not including long distance
Basic cellular phone service
Internet provider/cable television
Average grocery bill
Gas and electric utilities
Educational expenses
Medical insurance (do not include if directly deducted from your paycheck)
Other insurance
Predetermined savings plan (do not include 401Ê or any other plan if deducted automatically from your paycheck)
Total these category amounts and any other regular fixed expenses you might have identified and subtract them from your net monthly income. The remaining amount is your net monthly income after fixed expenses. Now determine your monthly variable expenses. Variable expenses tend to fluctuate (you have much more control over these) and include the following:
Additional phone expenses, such as long distance
Entertainment and travel
Clothes
Leisure/recreational activities, such as a sport or a hobby
Variable credit card payments
Total your variable expenses and deduct them from your net monthly income after fixed expenses. This amount represents your net monthly disposable income after fixed and variable expenses.
*41/280/5*
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