{"id":1489,"date":"2017-11-10T03:00:39","date_gmt":"2017-11-10T09:00:39","guid":{"rendered":"http:\/\/kerryaclark.com\/?p=1489"},"modified":"2017-11-16T15:31:59","modified_gmt":"2017-11-16T21:31:59","slug":"the-bills-most-people-forget-about","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/the-bills-most-people-forget-about\/","title":{"rendered":"The Bills Most People Forget About"},"content":{"rendered":"

On Paper We Do Have Enough – Part 2<\/span><\/h2>\n

As I promised in my previous post<\/a><\/span>, we\u2019re going to begin with a real-life list of bills. <\/span>
\n<\/span>
\n<\/span>You don\u2019t have to do these in any particular order just as long as you list every bill you have. \u00a0Before we get started, let\u2019s define what I mean by a \u201cbill\u201d. \u00a0A \u201cbill\u201d for this exercise is a recurring expense, they come over and over and over again. \u00a0It\u2019s a payment that you must make on a recurring basis, each month.<\/span>
\n<\/span><\/p>\n

The Bills Everyone Lists
\n<\/strong>Let\u2019s start our list. \u00a0It\u2019s okay if you follow along and make yours as we list our example.<\/span><\/p>\n

Rent\/Mortgage \u00a0\u00a0\u00a0800.00
\n<\/span><\/span>Car Payment\u00a0 \u00a0 \u00a0 \u00a0 325.00<\/span>
\n<\/span>Mobile Phone \u00a0\u00a0\u00a0\u00a0\u00a0115.00<\/span>
\n<\/span>Auto Insurance \u00a0\u00a0\u00a0167.00<\/span>
\n<\/span>Electric Bill\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0300.00*<\/span>
\n<\/span>Gas Bill\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 65.00*<\/span>
\n<\/span>Water Bill\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 25.00*<\/span>
\n<\/span><\/span>Childcare<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0500.00<\/span><\/span><\/span><\/p>\n

TOTAL\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2297.00<\/strong><\/span><\/p>\n

*This asterisk means that these are funny bills, they can and will fluctuate. \u00a0This could create a problem, but we\u2019ll get to that later.<\/span><\/em><\/p>\n

Here\u2019s the interesting thing that happens when you finish making your list. \u00a0Add up the numbers and see how manageable this number can be based on what you (and spouse) bring in. \u00a0It appears that you have enough on paper<\/a>. \u00a0You know why? \u00a0You\u2019ve left something out! \u00a0We all lie to ourselves about what we spend. \u00a0We want to believe and want others to believe that we are good with our money. \u00a0The truth is, and we learn this the hard way, the majority are terrible with money. \u00a0Most of us, 51% or better, normal people, are terrible with handling money. \u00a0So don\u2019t let this thinking stand in your way to bettering yourself.<\/span>
\n<\/span>
\n<\/span>The Missing Bills<\/strong>
\n<\/b>So let\u2019s fill in what\u2019s missing:<\/span><\/p>\n

Debts\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0300.00\u00a0<\/span>
\n<\/span>This represents the credit card payments, the money you owe someone else because you borrowed and any other debts you\u2019re paying.<\/span><\/em>
\n<\/span>Movie\/TV App Subscriptions \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09.99\u00a0<\/span>
\n<\/span>You know this is like Netflix, Hulu, Amazon, etc.<\/span><\/em>
\n<\/span>Music Subscriptions\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 15.99<\/span>
\n<\/span>You forgot to account for Google Play, Pandora and Spotify.<\/span><\/em>
\n<\/span>Cloud Storage\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a04.99<\/span>
\n<\/span>This is more space on that Apple iPhone or Dropbox. \u00a0I call this one that bill that\u2019s out of sight and out of our mind for accounting for it.<\/span><\/em>
\n<\/span>Total for the missing bills:\u00a0 \u00a0 \u00a0330.97<\/strong><\/span><\/p>\n

The \u201cI\u2019m-Not-A-Bill\u201d Bill<\/strong>
\n<\/b>Just when you thought you accounted for everything, we\u2019re not done yet. \u00a0You\u2019ve left off even more recurring bills:<\/span><\/p>\n

Fuel\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 340.00<\/span>
\n<\/span>You fill up your car twice a week (30×2) and your spouse\u2019s car once (25).<\/span><\/em>
\n<\/span>Food\/Dining \u00a0\u00a0\u00a0520.00<\/span>
\n<\/span>You eat out, fast food, 6 times a week (15*6) and a restaurant once (40).<\/span>
\n<\/span><\/em>Charity\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0250.00<\/span>
\n<\/span>Don\u2019t forget that small amount you give away to make yourself feel like you did something good. (I went to the left<\/a>\u00a0at little here.)<\/span>
\n<\/span><\/em>Groceries\u00a0 \u00a0 \u00a0 \u00a0 \u00a0400.00<\/span>
\n<\/span>Did you forget the numerous trips to Walmart, Target and Publix. \u00a0Of course you did, because these are the \u201cI\u2019m-not-a-bill\u201d bills that we all have.\u00a0 They cause us to have hardships month after month when not account for. \u00a0<\/span>
\n<\/span><\/em>Total for the \u201cI\u2019m-not-a-bill\u201d bills:\u00a0 1510.00<\/strong><\/span><\/p>\n

Don\u2019t forget that these are monthly totals. \u00a0But do you see anything that\u2019s surprising? \u00a0The items you don\u2019t call bills exhaust as much of your resources than do the things you call a bill.<\/span>
\n<\/span>Now, what do you do with this information, you\u2019ll have to check out my next post.<\/span><\/p>\n

The Family Plan Binder<\/a>\"\"<\/a> is available now!

<\/p>\nOur team has worked very hard putting it together. We designed it to help you and your family move the needle forward in making your life your business. \nFind out more about the Family plan here.<\/a><\/div><\/div><\/div><\/div><\/span><\/p>\n

Today is Friday!<\/span>
\n<\/span>If you\u2019re not surprised by the \u201cI\u2019m-not-a-bill\u201d bills, then either you\u2019re doing something incredibly wrong or incredibly right. \u00a0Just so you know most do it incredibly wrong. \u00a0Where did all these bills come from and how do I manage them? \u00a0This and more in our next post at kerryaclark.com<\/a>.<\/span>
\n<\/span>
\n<\/span>Question:<\/strong> What was surprising about your bills as we went through this exercise?\u00a0 Leave a comment below.<\/strong> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

On Paper We Do Have Enough – Part 2 As I promised in my previous post, we\u2019re going to begin with a real-life list of bills. You don\u2019t have to do these in any particular order just as long as you list every bill you have. \u00a0Before we get started, let\u2019s define what I mean […]<\/p>\n","protected":false},"author":2,"featured_media":1493,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,47],"tags":[],"class_list":{"0":"post-1489","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-accounting","8":"category-on-paper-we-do-have-enough","9":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2017\/11\/20171109-TIF-Blog-On-Paper-We-Don%E2%80%99t-Have-Enough-Part-2.png?fit=760%2C360&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4jb7V-o1","_links":{"self":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/1489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/comments?post=1489"}],"version-history":[{"count":22,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/1489\/revisions"}],"predecessor-version":[{"id":1536,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/1489\/revisions\/1536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media\/1493"}],"wp:attachment":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media?parent=1489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/categories?post=1489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/tags?post=1489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}