II – Budgeting


However, more often than not, expenses come due between pay periods and when it’s time to pay the bills, there isn’t enough money left over from the last paycheque to cover them. Many resort to borrowing money from credit card cash advances or payday loan outlets. Because these forms of borrowing are so convenient but expensive, it’s not too long before someone can find herself with a lot of debt due to poor cash-flow management.

Here is a tool called the Pay Planner. It’s essentially a monthly budget broken down into pay periods. Its objective is to allow individuals to budget their spending so they don’t run out of money before the next pay date.

Here’s how to use it:


If you have credit card debt, here is a Credit Card Payment Calculator that will calculate the payment you should be making each month if you wish to pay off your credit card debt within a specific period of time. This is a very useful tool for you to optimize your financial resources so you can pay off your credit cards as soon as possible.

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