In This Issue: Cisco 3750X Series 48 Port Switch | How to Create a Family Budget | News to Start Your Day
Happy Tuesday! We hope the start of your week is off to a great start! We’re slowly gearing up for the back to school season as it is right around the corner for many! Are you looking forward to the back to school routine?
The CK Daily – Olympics Talk Continued!
Well, we’ve made it to another Tuesday! I hope you are all having a wonderful start to the week! As Corey mentioned yesterday, the Olympics are in full swing and, just like him, I’m really enjoying watching the games! I know the circumstances of holding the Olympics during a pandemic and not having fans or even family there is a huge bummer, but I’m so glad they were still able to go forward with the games and give people something positive to get behind and cheer for!
Watching these athletes who have poured years of blood, sweat, and tears into their sport is so inspiring. I am in absolute awe of them! Personally, I’m the farthest thing from an athlete, but I do enjoy running recreationally and am a fan of the sport. As such, I follow a lot of runners on Instagram, including quite a few who will be running at the Olympics. A couple of my favorites are Cory McGee and Emma Coburn. They both have shared a good bit of their lives along the journey. From training, to qualifying, getting their USA uniforms, to traveling to Tokyo, they have definitely given a glimpse “behind the scenes” that I don’t think existed prior to social media. I’m really looking forward to watching both of them race! I’m also excited to watch Javianne Oliver. She is from my small town and we are super proud of her! There are watch parties scheduled all over town that I’m sure will be packed. Lots to look forward to! Hope you are enjoying watching the games as well!
Product Spotlights & Updates
Happy Tuesday! Today’s spotlight is the Cisco Catalyst 3750X series layer 3 switch comes with (48) 10/100/1000 PoE+ ports, a 435 Watt POE Budget, 64 MB of Flash, and 256 MB of RAM. This switch is also stackable, has dual redundant fans, 4,000 VLAN ID’s, a network module slot, and a slot for an additional power supply. Pretty sweet, right?!
The Cisco 3750 X switches help maximize productivity by giving IT managers the tools needed to support enterprise applications and advanced traffic management. With an array of network modules and redundant power supply options available, these switches can be customized and scaled to support nearly any application.
Grab one today for 25% off!
How to Create a Family Budget – Ramsey Solutions
If you’re ready to get your family’s money managed once and for all, we’ve got good news—we know exactly where to start.
It’s a simple word, but it doesn’t always seem simple to put into practice—especially when you’ve got kids. You’re busy, your money’s tight, and money talks are sometimes super awkward.
But you can create a family budget, no matter your time, income or emotional reservations. We’re here to answer some questions and give you our best tips and tricks to do just that.
What Is a Family Budget?
Before we show you how to budget, let’s define the term. A budget is just a plan for your money—everything that comes in (income) and goes out (expenses). A family budget is when you make that plan for your whole household. And the best family budgets include everyone in the family (at least to some degree).
Why Should You Have a Family Budget?
Budgeting as a family has many perks. Here are three of our favorites: 1) You’ll stop wondering where your money went and start telling it where to go. 2) You can start getting everyone on the same page about money. 3) You’ll show that money isn’t a taboo topic as you open up lines of communication.
How to Set Up Your Family Budget in 3 Steps
Budget Step 1: List your income.
The first step here is listing your income—aka any money you plan to get during that month. Write down each normal paycheck for you and your spouse—and don’t forget any extra money coming your way through a side hustle, garage sale, freelance work, or anything like that.
If you’ve got an irregular income, put the lowest estimate of what you normally make in this spot. (You can adjust later in the month if you make more.)
Budget Step 2: List your expenses.
Now that you’ve planned for the money coming in, you can plan for the money going out. It’s time to list your expenses! (Pro tip: Open up your online bank account or look at your bank statement to help you estimate your expenses.)
Start by covering your Four Walls—aka food, utilities, shelter and transportation. Some of these are called fixed expenses, meaning they stay the same every month (like your mortgage or rent). Others change up, like groceries.
And hey, that grocery budget line is pretty hard to guess at first. Just make a really good estimate, and you’ll learn what you actually need here in the month ahead.
Next, list all other monthly expenses. We’re talking about insurance, debt, savings, entertainment and any personal spending. Start with fixed expenses. Then use your online bank account or those bank statements to estimate planned amounts for everything else based on your spending in the past months.
Budget Step 3: Subtract your income from your expenses.
When you subtract your income from your expenses, it should equal zero. That doesn’t mean your bank account is at zero: It means every bit of your income has a job. (This is called a zero-based budget.)
If you have money left over after you’ve subtracted all your expenses, be sure to put it in the budget too! Otherwise, you’ll end up mindlessly spending it on coffees and those one-click deals of the day. Really. Put anything “extra” toward your current money goal, like saving or paying off debt.
What if you end up with a negative number? You might be thinking, Yikes! But it’s really okay! You just need to cut expenses until your income minus your expenses equals zero. Hint: Start with those restaurant and entertainment lines. (Yes, we went there.) Because hey—you can’t spend more than you make. You got this!
Remember, you work hard for your money. It should work hard for you. Every. Single. Dollar.
Continue reading tips for creating a family budget that work (for everyone) on Ramsey Solutions here.
Today’s News to Start Your Day:
- Japan’s Reigning Olympic gymnastics champion Simone Biles is out of the team finals with what USA Gymnastics described as a medical issue.
- NBA’s Oklahoma City Thunder arena will be called Paycom Center in 15-year deal.
- American Airlines on Monday said it might have to add stops to certain flights because of fuel delivery delays at some small and midsize airports and asked pilots to save fuel when possible.
- The Nokia XR20 comes with a tough 6.67-inch Gorilla Glass Victus display, 5G internet and a dual-lens camera. HMD Global, which makes Nokia phones, says the XR20 can be submerged in water for up to an hour and endure extreme temperatures.
- The final missing victim of the Florida condo-tower disaster was identified after more than a month of recovery efforts. Ninety-eight people were killed in the building’s collapse.