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FREQUENTLY ASKED QUESTIONS – One Paycheck at a Time eTools
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About the One Paycheck at a Time eTools |
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One Paycheck at a Time eTools Benefits |
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Accessing One Paycheck at a Time eTools |
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Getting started with the One Paycheck at a Time eTools
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FREQUENTLY ASKED QUESTIONS – One Paycheck at a Time Book
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- What is an ebook?
- Can the One Paycheck at a Time ebook be read on both MAC and PC computers?
- What software is needed to read the ebook on my computer?
- Can I print portions of the ebook?
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1. What are One Paycheck at a Time eTools?
One Paycheck at a Time eTools help you design and implement a plan to become debt
free in the privacy, comfort, and convenience of your own home or office through
a web-based application. In fact, you can access your information from any computer
in the world as long as it is connected to the Internet. The program not only provides
you a program to become debt free, but helps you to identify where you may be overspending
in the process, and beyond. Once you input your income and expenses, a series of
calculations are performed for you for each of your paychecks. The program then
provides you a plan detailing cash available for spending for the week, bills to
be paid, and suggests ways to accelerate the process of getting out of debt. No
matter how much or how little money you make, the program is tailored to your financial
situation. For more information please see the
One Paycheck at a Time Quick Start Guide
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2. How are eTools different than other money management software
applications?
There are many quality money management software companies in the marketplace. The
primary differences with One Paycheck at a Time eTools are:
- There is no software to install as it is a web-based application
- The wizard shows you how to design your debt reduction plan step-by-step
- The eTools program recommends a sensible approach to become debt free
- It tailors a personalized debt reduction plan for you based on your income and expenses
- It is easy to use!
Most money management software applications lead you through a monthly budget as
this typically is the timetable on which our expenses are based. We have been well
trained by our creditors to pay them once a month even though we are paid on a different
schedule. More times than not this approach to budgeting creates a cash flow deficit.
Instead of budgeting monthly, One Paycheck at a Time eTools takes you through the
process of budgeting your money based on the timing of your paycheck. If you are
struggling to make ends meet paycheck to paycheck, you need to budget your money
differently. Whether you are paid weekly, twice a month, or every other week, eTools
will help you time the payment of your expenses in coordination with your pay periods.
For example, if you are paid weekly and your rent expense is $1,000, you should
set aside $250 from each paycheck, rather than devoting a complete paycheck to paying
your rent. Once you master this principle with the eTools, you can advance to allocating
additional money to savings. eTools automates the allocation and calculations of
your budget for you. You don't just budget your money with One Paycheck at a Time
eTools, you are working a
personalized plan to become debt free.
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3. Are you financial advisors?
No. The One Paycheck at a Time book and eTools describe and calculate a method to
managing your money, One Paycheck at a Time. Its fundamental premise is based on
the tried-and-true envelope system. The foundation of the envelope system is to
dedicate one envelope per expense and set aside money in each envelope until that
particular bill is paid. For example, you may have one bill dedicated to your rent
or mortgage payment. You set aside money each paycheck until you have enough in
that envelope to pay the rent. The envelope system becomes a filing system for managing
your money.
The envelope system worked great when society operated on a cash basis. Today, with
so many payments being completed electronically, it can be difficult to identify
where all of your money is going, and when. The envelope system is a bit obsolete
in this regard. This is why the One Paycheck at a Time book and eTools were created.
With eTools, it is easy to closely manage money and eliminate overspending. You
will soon manage your money rather than managing your debt.
If you are in need of specific direction about your money, such as bankruptcy, taxes,
investments, etc., we strongly encourage you to seek advice from a financial advisor
who can personally direct you.
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4. Will this program work for me if I don't get paid on a weekly
basis?
Yes! If you have a regular income, the eTools program will work for you. Whether
you're paid weekly, every other week, bi-monthly, or monthly, the system can handle
your budget no matter how big or small.
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5. Will the eTools work for a household budget with two incomes and
different pay periods?
Yes! The eTools program will work for a 1-income household or 2-income households
with different pay periods.
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6. Do you guarantee that this program will make me debt free?
No. We cannot guarantee that the One Paycheck at a Time eTools will make you debt
free. If you use the eTools as they are intended, there is a high likelihood that
you will improve your cash flow situation. As you master the principles of becoming
debt free and apply them to your financial situation, you will be on the right path
to becoming debt free. The online interactive tools will let you create a sensible
plan to get out of debt.
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7. Will eTools still work for me now that I am debt free but want
to continue to budget my money?
Yes! Although the One Paycheck at a Time eTools are designed to get you out of debt,
it will also help you manage your money better. In this age of paying everything
electronically, it is helpful to have a tool to track where your money is going
and eliminate overspending.
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8. Will eTools work for me if I don't bank online?
Yes! The eTools program works independently from your checking and savings accounts
so whether you bank online or not, eTools will work.
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9. How can I be sure my personal financial information
is safe?
We take securing your financial information very seriously. In order to ensure your
private information is protected, we use the latest technologies including 128-bit
electronic encryption. We never share your information with anyone, ever.
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10. What equipment and software are required to use the
One Paycheck at a Time eTools?
To sign up for One Paycheck at a Time eTools you will need an Internet-connected
personal computer (PC) or Macintosh computer. For best performance we recommend
a modem with a processing speed of at least 56K, though slower modems will work.
You also will also need Internet Explorer web browser (version 6.x or higher recommended).
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11. How will the eTools get me out of debt? You
follow the One Paycheck at a Time eTools program through an interactive, web-based
application. Etools make it easier to manage your spending choices, and will help
you to:
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Design a personalized plan based on your income and expenses,
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Manage your spending choices in just a few clicks, and
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Measure your success as you track your progress.
Instead of budgeting monthly, One Paycheck at a Time eTools take you through the
process of budgeting your money based on the timing of your paycheck. The eTools
automates the allocation and calculations of your paycheck against your expenses
and debt resulting in an eventual cash flow surplus. You don't just budget your
money with One Paycheck at a Time eTools, you are working a personalized plan to
become debt free.
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12. Do I have to read the One Paycheck at a Time book to
understand the eTools?
No. Although the book and the eTools are terrific complements to one another, you
don't need the book to subscribe to eTools. The book explains the complete program,
the calculations, and provides lessons to master your spending each paycheck. The
principles described in the book are intended to change the way you think and spend
your money. The eTools provide an interactive web-based resource that enables you
to automate the process of managing your money and ultimately to get out of debt.
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13. What is an ebook?
An ebook is a digital or electronic book that has been created to be read online.
It is a convenient way of getting the information you need now.
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14. Can the One Paycheck at a Time ebook be read on both
MAC and PC computers?
Yes! PDF files may be read on any platform.
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15. What software is needed to read the ebook on my computer?
To read the One Paycheck at a Time ebook, you must have Adobe Acrobat Reader software
installed on your computer.
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16. Can I print portions of the ebook?
Yes! You can print the ebook in part, or in its entirety. Many ebook users print
the ebook chapter by chapter as it corresponds with each paycheck.
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