BudgetAction Magic

What is the BudgetAction Magic?

There are two steps in the set-up process:

  • The first step is gathering all of your personal financial information. Having everything on hand before starting will make this step easier.

    (See Below)

  • The second step is inputting your data to calculate your results. It may take about 30 to 60 minutes to go through the online coaching after you input your information. The details you provide will help us to make more meaningful recommendations for you and give you clear direction.

Using BudgetAction usually takes only a few seconds but it could take longer if our site is experiencing a lot of demand. You can spend as much time as you like poring over your results and analysis. You can also perform a “scenario analysis” to see how your projections would change if certain inputs could be changed.

Creating Your Budget

Pull together statements and monthly bills so you can be as accurate as possible. For any expenses that are variable like utilities, contact your local company and request budget billing. The reason behind this is to get a fixed cost on all expenses. If they do not have the program, ask them to give you your monthly average, then use the highest number as your fixed number each month. Once you put together the following information your personal journey begins.

Create categories for your expenses.



*Property Tax* (Only if not included in Mortgage)

*Home Insurance* (Only if not included in Mortgage)






*Land line/Cell Phone




*Salons/Hair Care

*Personal Hygiene

*Laundry/Clothing/Dry Cleaning

*Day Care

*Pet-related expenses






*Prescription Drugs

Household/Personal Debt

*Credit Cards (Always show interest rates)

*Student loans (Always show interest rates)

*Installment Loans (Always show interest rates)

*Car payments (Never show interest rates, it is already included in payment)

*Personal Loans

*Private Education


*Hourly/Salary Net Earnings

*Investment Income