Create a FLOP/Financial Life on One Page

iVillage Member
Registered: 01-25-2008
Create a FLOP/Financial Life on One Page
2
Sun, 08-10-2008 - 11:37pm

Hi everyone,
I found a really great blog today that has some great financial advice, techniques and forms for getting out of debt and budgeting, and just wanted to share it with everyone here. He seems to follow the basic Dave Ramsey plan with a little twist of his own!

He suggests creating a FLOP (Financial Life on One Page) where you create a balance sheet (assets, liabilities and net worth) and then all of your financial info like websites, logins, passwords, account numbers, phone numbers and so on.
You can check it out here:
http://www.christianpf.com/your-financial-life-on-one-page-flop/

I also really liked his plan for budgeting with ING. You can create multiple savings accounts which can act as budgeting categories like school supplies, car maintenance or home repairs and set up fixed amount transfers into these accounts every month. Then you set up an ING checking (which is actually a debit card)...transfer $ out of one savings into the checking and then use the debit card!
Check that out here: http://www.christianpf.com/how-to-budget-with-ing-direct/

iVillage Member
Registered: 07-15-2008
Mon, 08-11-2008 - 6:58am

What a great website!


Thanks


Ally

iVillage Member
Registered: 04-12-2007
Mon, 08-11-2008 - 8:22am

Thanks for the link, Tashia.