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Informative Speech Final Draft – November 27, 2011
1. Pamela Pettinato
2. On-line Tools for Budgeting
3. To inform
4. As a result of my presentation, my audience will be able to locate online tools to help them create a budget.
How many times have you just wanted to give up and throw in the towel? I know from personal experience, too many times to count. This is when you take a deep breath and decide to do something about your current situation. I am currently unemployed, but I am not going to let that destroy me. How many people in the audience have tried to create there own budget? How many people think it is impossible for them to do?
I am Pam Pettinato and because of my current financial situation, I started doing research on how to budget more effectively what money was coming into my household. I want to share with you how easy it is to create a personal budget with the right tools. These tools are going to amaze you with how quickly a budget can be created. Each one of you can create a budget and be successful at it. Your motivation should be that you want to feel secure with your future, knowing that your bills are paid and you have money in a savings account that is growing. Knowing which tools to use to create that personal budget is very important. I will be going into more in depth detail of three tools that I highly recommend. I will be going into more in-depth detail of three tools that I highly recommend. Today, I will be showing you how to use on-line tools to create a personal budget that you can live with.
A. The first website I visited was www.Mint.com . Mint.com has a free budget planning service that is offered by Quicken. This service is available 24 hours a day. One unique feature about mint.com is its ability to allow users to link his or her banking and debt accounts.
B. This is an easy way to manage your money and it empowers you to take charge of your financial life. Being able to link banking and debt accounts allows the user to see exactly where their funds are going each month. If needed, they can adjust their budget. Users can set monthly limits for purchases, loan repayments and living expenses. It can also send email alerts when they go over budget on a specific category and when a deposit is posted to their accounts. Another great feature of this website is that it is available to use on mobile devices. I have personally used this and recommend it to everyone I know. In an effort to get a better grasp on our family's finances, I decided to give Mint a try after hearing some good reviews of it. It is amazing that it can track spending and at the same time show me where I can make improvements. Being able to see the overall big picture is quite an eye-opener!
C. Getting started is easy with a simple one time set up that takes less than
five minutes. This is where you would add your bank, credit cards, home loans and investment accounts. It will quickly pull everything together and will organize it for you. It also uses bank level security and will alert you to any suspicious activity. With just one click you can create a budget based on your spending history. One of the best features is its ability to make personalized recommendations on ways to save money.
A. www.Mvelopes.com is an award-winning online home budgeting system that helps you look to the future and manage your spending accordingly. Mvelopes.com is similar to Mint.com, making it quick and easy to create an online budget and track all your spending. A recent poll stated that in the first 12 to 18 months of using Mvelopes.com, many users were able to eliminate $9000 of debt.
B. This site is not free, but does offer a free trial. Mvelopes.com boasts its ability to gather banking information from over 14,000 institutions. After registering and entering all your account information, you have the ability to use their bill pay system and pay everything on-line. They also offer the same security that banks do. The reviews I have read have been positive. One large family stated that it helped them to eliminate $30,000 of debt in the last year. Very impressive!
C. To get started, you can make use of the free 14 day trial. After the free trial, it then costs $130 per year. After creating an account, you will then be instructed to enter all your information regarding banking, credit cards, loans, and investment accounts. It is as easy as 1-2-3!
A. Another great website is www.microsoft.com . Microsoft actually offers many free budget template downloads. This is a great option for any of you who are weary of sharing your information with a third party. Microsoft offers a wide variety of personal budget templates from a bare bones Word document to an Excel budget file with lots of features. It also offers special budgets for weddings and holiday spending.
B. This personal budget spreadsheet can help to create a budget for an entire year. This spreadsheet will help you to make predictions about your financial circumstances, organize savings or plan for large purchases and expenses such as buying a car or purchasing a family home, or when making other major life changes. The spreadsheet is broken down into two sections; income and expenses. The expenses are broken down further into categories such as Home, Daily Living, Transportation, Health, and more. I have actually created a budget using this tool also.
C. It is very easy to download. Once you locate the budget spreadsheet you wish to obtain from Microsoft.com, select download and choose where on your computer you want to save it to. I saved mine to my desktop so I wouldn’t have trouble locating it.
A. At www.printablebudget.com is another wonderful free site that offers an example of a personal budget spreadsheet.
B. This is a great example to follow, but it involves a little more work than the other on-line sites. You would have to have some knowledge of excel and enter the formulas that will be needed.
C. First, if you have excel (or a similar spreadsheet program), you must follow the steps that are given. If you have the patience needed for this, you will do well. Once you have followed the steps that are given, save the spreadsheet. Now you can make any adjustments to it as needed in the future.
You now have the knowledge you will need to go on-line and create your own personal budget. In order to be successful, you must remember to analyze all of your expenses. Once you see all of your expenses on paper (or a spreadsheet), you will be amazed at how much of what you thought was a priority was actually unnecessary. In today’s day and age of computer technology, there really are no excuses for putting off creating that budget. Most households own a computer with internet connection. If not, there are local libraries that have computers available to the public. Because there is an abundance of resources at your fingertips, there are no excuses for not stepping forward and creating that budget. Now tell me, which budget planning web-site will you be using?
Free Printable Budget Sheet. (n.d.). Free Printable Budget Sheet. Retrieved September 25, 2011, from http://www.printablebudget.com/freeprintablebudgetsheet.php
Money Management Software. (n.d.). Mvelopes. Retrieved October 02, 2011, from http://www.mvelopes.com
Fuqua, C. (n.d.). Personal Budget Tools. eHow Money. Retrieved October 02, 2011, from http://www.ehow.com/list_7339845_personal-budget-tools.html
Hermes, A. (n.d.). Average Family Budget Percentages. eHow Money. Retrieved September 22, 2011, from http://http://www.ehow.com/facts_5036326_average-family-budget-percentages.html
Household Budget Basics (n.d.). Household Budget Basics. Money-Zine.com. Retrieved September 12, 2011, from http://http://www.money-zine.com/Financial-Planning/Debt-Consolidation/Household-budget-basics
InvestorWords.com (n.d.). Personal Budget. InvestorWords.com. Retrieved October 11, 2011, from http://www.investorwords.com/8168/personal_budget.html
Mint.com (n.d.). The Best Free Way To Manage Your Money. Mint.com. Retrieved October 01, 2011, from http://www.mint.com
United States Department of Labor (n.d.). Economic News Release. Bureau of Labor Statistics. Retrieved October 20, 2011, from http://www.bls.gov/news.release/cesan.nr0.html