The Three Piece Plan
I talk about the Three Piece Plan all over the MakingEndsMeet.org site. I want to share it with you…and I am not wanting to sell you anything.
The Three Piece Plan is a new type of budgeting system that does not use categories. You take your income and subtract your bills and debts (or savings) and then live on what’s left.
If you will email me at berry@makingendsmeet.org I will send you the entire “Guide to the Three Piece Plan” I could just tell you here- but I am working on something and don’t want to publish it- but I will give it to people who are willing to email me.
Here are 10 Reasons why the Three Piece Plan Works
1. It requires no continuous work- no entering categories, dividing up receipts, etc- who has time for that?
2. You get paid every week. Or at least that is the way you will feel when you are on the Three Piece Plan.
3. You are doing SOMETHING. Doing nothing won’t work. So having a simple system helps you keep your mind focused on not overspending.
4. The Three Piece Plan decreases consumption. Because now you feel like you run out of money more often. So every week you find yourself eating at home, not shopping, etc. And the best part is that you don’t mind it! You know you have money in the bank and that “pay day” is just a few days away.
5. You build an emergency fund almost automatically. Enough said!
6. You KNOW, instead of guessing and overshooting, exactly how much money you have to spend. This keeps you from getting all those overdraft fees, etc. No more, “Whoops, I thought that had come out already!”
7. You enjoy your money so it motivates you to spend it right. It is an UPWARD spiral. You spend less, you stress less, you worry less, you take care of things faster, etc. Before long the Three Piece Plan has changed your life.
8. It is easy to adjust. If you get extra income you are not inclined to spend it so fast. If your income goes down it is easy to look at where you are and adjust accordingly.
9. Communication. It gets much easier on the Three Piece Plan. You look at how much cash you have, or how much you have in your “Today’s Money” account and know exactly what you have to spend. So it is easier to tell your spouse, “Uh, honey, we only have $25 to last two days, can you wait until Wednesday to get your hair cut?”
10. The Three Piece Plan family budget system is sooooo easy to set up. I can literally set up one in less than five minutes. It also works well for budgeting on a variable income.
So- if you want to get started with your Three Piece Plan just email me- berry@makingendsmeet.org.