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This book is a guide to financial freedom. It includes 8 budgetary forms, eleven rules to follow for success, and instructions on how to use your bank accounts to your advantage.

Manufacturer - XLIBRIS
Model # - BOOK
Submitted By - Break The Chain of Debt (Author, Owner)
Country - United States
Category - Books : EBooks : Investment Guide

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Break your debt chain nowchainBreak your debt chain now


Pages :   132
Language :   English
Product Dimensions :   9 x 6 x 0.3 inches
Publisher :   Xlibris Corporation (February 2, 2010)
Average Custom Review :   5 Stars
ISBN-10 :   145003361X
ISBN-13 :   978-1450033619


This book is different from most budget books you have read or will read. Most books focus on a monthly budget schedule to control your finances. I feel that a monthly budget plans allows too much money to be spent before you review and catch where you spent too much, therefore the budget plans presented here focus on each pay period. By using a budget for each pay period, you can maximize your ability to keep track of bills and expenses before they get out of hand and increase your payments toward debt or increase your savings.
1.1 Plan A (Express debt pay off): Get rid of your debt as fast as you can and be debt free.
1.2 Plan B (Express savings): Increase your savings in the short term and pay off your debt in the long term.
2.1 What is Budget Plan A and B?
Budget Plan A and B are strategies to help you solve your financial problems. These strategies will help make your family debt free
4.1 Plan A (Express debt pay off): Get rid of your debt as fast as you can and be debt free.
As the title implies you work to pay off your debt as fast as you can. All extra income goes to paying off the debt starting from the lowest to the highest amount to become debt free. It is important to stay focused on this goal. In time you be able to enjoy family, to live the way you want to live, happy with a new future, debt free.
4.2 Plan B (Express savings): Increase your savings in the short term and pay off your debt in the long term.
This plan is all about savings. You can save a large amount of money in a very short period of time
5.1Most Important Rules to Follow for Success with Plan A and B
Let’s see some examples and the steps required to complete the forms for budget plan A and B.
-The first thing you need to do is to make multiple copies of all blank forms for future use and put it in a folder.
- Now make a decision of which plan you want to use. You decide which Plan suits you better at this point. It is recommended to start with Plan A, if you have some money in your savings and an emergency fund, you can start to pay off your debt as fast as you can. However, if you don’t have any money in savings or an emergency fund then it is recommended to use Plan B initially. After you have saved a decent amount of money in your savings and home account then you can stop the Plan B and start Plan A. My wife and I did the same. We started with Plan B because we didn’t have any money in savings. For us it was just an accepted part of our financial life that each paycheck disappeared before it even got to us. Our money ended up paying loans, credit cards, the home mortgage, insurances, and utilities. We had very little to spend for groceries and other expenses. When the paycheck wasn’t enough to pay for all expenses, we used credit cards to cover the shortfall. But one day we said “ENOUGH”! We wanted our lives to improve. For this reason Budget Plan A and B was created. After a few budgeted paychecks we found Plan B to be really successful. It had already given us the amount that we needed for the savings, the emergency fund, plus some extra money to pay off one of our credit cards. It took us almost a year for that. It was a hard year with many difficult circumstances but we successfully completed Plan B and the very next day we started Plan A.
Let’s review:
# All the forms are used the same way for Plan A and Plan B.
# For Plan A the money will be used to pay off debt. For Plan B it will be used for savings.
# The first thing you need to do is to make multiple copies of all forms. (Blank forms)
# Decide what plan to use (plan A or B).
# Decide how long you will use Budget Plan A or B.
# Make the right amount of copies for Form A and Form C according to the length of your budget (specific for the budget).
Examine the differences
Previous debt repayment New debt repayment
1st: $ Zero 1st: $103.00
2nd:$466.00 2nd:$603.00
3rd:$ Zero 3rd:$140.00
4th:$561.00 4th:$661.00
Total $1027.00 Total $1,507.00

in just 4 paycheck
The difference is $480.00 dollars less debt and having a $600.00 emergency fund plus $140.00 in the savings account.
8.3 It is only up to you to be successful.
Now you know how to make and follow Budget Plan A and B. Only you decide if you are going to be the winner and become debt free with financial freedom and peace in the future. Here are some tips to help you succeed.
Most people want everything to happen now. It is very difficult for most people to follow plans. It is easy to make plans but the majority of people quit while they are following their plans in as little as a few weeks to a few months. The enemy is time. They can’t wait years for the financial freedom. It is difficult to keep making sacrifices and postponing all vacations and the buying of luxury items for a few years but don’t tell me that it is impossible. Based on my own experience, it is possible. My family and I struggled with these very same issues for years. We started to follow the Budget Plan A and B. We followed the rules and gave the plans time to work and we are now in a better financial position. Before our debt planned our future, we could not see past all the bills. Now we are able to plan our future and we control the direction our family will take. The vehicle for this change is Budget Plan A and B. Our family’s future has improved forever.
Debt is the worst thing that people can have. I sincerely believe this. You may also share this sentiment. More than likely you are struggling with debt as well and this is the reason you have bought this book; you are looking for ways to get out of debt. This book presents a paycheck to paycheck strategy to achieve your goals.
You’re throwing money out the window
When you have debt it is like you’re throwing part of your hard earned money out of the window. Let’s say, for example, you get net paid $1,100.00 dollars net income every pay period and out of that money you pay $800.00 toward debt. You must remember that every time money is paid toward the debt there are interest rates and fees that apply for the amount borrowed. After paying you have $300.00 left over necessary expenses. The $800.00 dollars payment is divided into roughly $450.00 toward principal and approximately $350.00* goes toward interest and other fees. It does not go to lower your debt burden
If anyone has any questions or needs help with the Budget Plan A and B or requires further explanations you can email at:
LLO: Long left over
PLO: Paycheck left over
RLO: Remainder left over (Amount toward debt/savings)
Formula: (PLO – LLO) =RLO


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