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Health & Fitness

A tool to help you know if you can really afford something!

Fresh out of college and lucky enough to have a stable income coming in, an employee thought it was time to buy a new car.

In order to really understand what she could afford to pay for monthly payments on top of her student loans, credit card bills and car insurance, she turned to my firm's budgeting tool,  Budget Jewel, for help.

“Working backwards, I used Budget Jewel as a ‘can I afford this’ tool.  I put in all of my assumed expenses, including the new car payment and insurance to see how much money I would have left over a month and if the new expense was doable in my budget.” She told me.

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By putting in her actual expenses and assumed expenses, she was able to up with a comfortable amount that she could afford to purchase that new car.

Although, the tool we created was initially thought up to help my clients create a budget it is becoming apparent that it has multiple functions.  It can help you decide whether you can afford a purchase, plan out the mortgage payments you will be able to afford and everything in between!  Be creative with the budgeting tool and you too will see how invaluable it is in your life. 

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Check out Budget Jewel here.  Want free access? Email budgetjewel@attorney-newyork.com for your free trial code!


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