V1chapter 3 Your Household Contents Inventory Record Food

V1:CHAPTER 3: A FINANCIAL NEEDS ASSESSMENT

Steps:

• DIRECTIONS:Click here to complete the Financial Needs Assessment (FNA).Studies show that finances are the number one thing that married couples argue about. Due to differences in upbringing, spouses tend to do what they watched their parents do with spending and savings habits, which can cause friction in a marriage if different spending and savings plans were used.Take the time to honestly answer the FNA questions. Then, ask each other where you can make improvements and make a strong commitment as a couple and as a family to reach your goals.PLEASE NOTE: This is general advice. You should always consult with your own financial advisor before making any major financial decisions. Prospering Families is not responsible for any losses, damages or claims that may result from your financial decisions.

V1:CHAPTER 3: INCOME/EXPENSE STATEMENT (BUDGET CREATOR)

Steps:

• DIRECTIONS:Complete the Income/Expense Statement (IES) and print for your records. To download the IES, please do the following:1.) Click here and a new window will open directing you to save the spreadsheet to your computer2.) After the new window opens, save the spreadsheet to your computer3.) Locate the file on your computer and click on it to openYou should complete a new IES monthly. The IES also helps budget for upcoming expenses as you can adjust how much you spend in different areas. For example, if your car insurance is due one month, you might need to adjust your clothing or food allowance. It is helpful to set aside money each month for expenses that arise only periodically such as property taxes and car insurance. This way, these large bills won't hurt your budget on the month they come due.PLEASE NOTE: This is general advice. You should always consult with your own financial advisor before making any major financial decisions. Prospering Families is not responsible for any losses, damages or claims that may result from your financial decisions.

V1:CHAPTER 3: YOUR HOUSEHOLD CONTENTS INVENTORY RECORD

Steps:

• DIRECTIONS:Click here to open the Household Contents Inventory Record (HCIR).Print a blank copy of the HCIR. Then, take the time to go through every room, documenting all of your possessions. You should also collect the receipts for your valuable items at this time to keep with your HCIR in order to show proof of value should you ever need to make a claim.Once you have completed your inventory enter your possessions into the HCIR and save it to your hard drive. Then, if you purchase or sell items, you can quickly edit the document and then reprint only the pages you need. The last page of the document is for additional rooms not already listed. Print out as many copies as needed. You have the ability to add additional pages to the HCIR document.