The Affolter Financial

Group Inc.
1127 - 4th Street
Castlegar, BC  V1N 2A8

Phone: (250) 365-2345
1-888-365-4888
Fax: (250) 365-3476
E-mail: info@affolterfinancial.com

Effective management of your monthly cash flow is the first step to financial security. When you feel weighed down by debts or just can't seem to make the month match the money, our Spending Plan is what you need. More flexible than a budget, your personal spending plan gives you a simple but effective way to ensure that you have money left over for achieving your long-term goals.

Even if your money management is great, in this phase of financial planning we ensure that you are making the most of your money: getting all of your tax breaks, not overpaying for insurance and other services, helping you plan effective use of borrowed money and negotiate the best interest rates. It is at this most basic level that the depth and expertise of the Affolter Financial Group Inc. pays off for you most.

To create a Spending Plan, we need to know your incomes (before and after deductions) and your expenses broken into categories. You can begin collecting this information even before we meet by tracking it for a while. Here is a simple worksheet that you can print out to help you start collecting your data.

Priority

Category

Amount

1

Food & Household Supplies

$

1

Mortgage Interest / Rent

$

1

Mortgage Principal

$

1

Property Tax & Water Levies

$

1

Home Insurance

$

1

Home Heating Fuel (Gas, Oil, Wood)

$

1

Electricity

$

1

Clothing

$

2

Credit Line Interest

$

2

Loan or Lease 1 (Int. Rate %)

$

2

Loan or Lease 2 (Int. Rate %)

$

2

Loan or Lease 3 (Int. Rate %)

$

2

Loan or Lease 4 (Int. Rate %)

$

3

Telephone

$

3

Auto Gas

$

3

Auto Maintenance & Replacement

$

3

ICBC

$

3

Bank Charges / Professional Fees

$

3

Income Tax, CPP & EI

$

3

Payroll Deductions (Benefits & Dues)

$

4

Life & Health Insurance

$

4

Life Insurance Savings Portion

$

4

Medical/Dental

$

4

RRSPs

$

5

Home Business Promotion

$

5

Pet Care

$

5

Education & books

$

5

Home Maintenance / Improvement

$

5

Personal Care

$

6

Home Office Supplies & Postage

$

6

Charities

$

6

Gifts

$

6

Vacation

$

7

Home Business Entertainment

$

7

Personal Allowances / Miscellaneous

$

7

Entertainment & Dining Out

$

7

Cable TV & Internet

$

7

Recreation & Hobbies

$

 

 

 

Priority Class Definitions:

 

1

Food, Clothing & Shelter

 

2

Promises to pay (debts & leases)

 

3

Business Expenses - mandatory

 

4

Security

 

5

Discretionary - Very important

 

6

Discretionary - Important

 

7

Discretionary - enjoyment