BUDGETING & PLAN B INCOME PARTNERSHIP PROGRAM

The program’s objective is to help head of households with their personal finances which includes reducing household expenses, eliminating debt, and building an emergency fund.  The program provides the strategy and financial tools to manage household income and expenses to ensure there is adequate income to meet all household expenses and debt isn’t a way of living.

This program is a partnership with Elaine Bean and the household leader to help restore the household leader’s finances to the level of living debt free.  By receiving the free budget planner, the household leader agrees to complete Phase I of the program. 

The program is “free” through scholarships that will be issued to interested heads of households that want help with managing their personal finances.  The scholarship consists of:

• A free copy of the budget planner:  Storehouse Ready: Preparing for Life’s Events ($20 value)
• Free online budget coaching ($199 value)

The program consists of two phases:

Phase I

Phase I is executing the steps of the “Storehouse Ready: Preparing for Life’s Events” Budget Planner to create a household budget for management of household expenses and includes strategies for building an emergency fund.  The 5-Step approach to begin budgeting is as follows: 

At Step 1 you will list all your creditors; Step 2 You will list all your annual expenses; Step 3 If you have vacation planned in the future, you will be able to pre-plan your vacation expenses; Step 4 is preparing your monthly budget including any applicable expenses in Steps 1 thru 3;  Step 5 is examining 19 household expenses that could potentially be reduced or eliminated to return income back into your household.  

Elaine will communicate with the participant on the 5-step approach and follow up with participant to answer any questions.  Elaine will provide coaching communication as needed for successful execution of the budget planner. 

Phase II (Optional Participation)

A good household budget is where incoming income meets all expenses and there’s money left over for savings.  If the household budget is in the negative each month, Elaine will provide information on a Plan B income source.    

For information on the Budgeting and Plan B Income Partnership, complete the contact form below: