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TOPIC:   How do you budget? 


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SHEEPINGLY
SHEEPINGLY's Photo Posts: 1,840
4/7/07 4:18 P

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I always list the due date earlier (like 3 days to 1 week) on Quickens recurring "option". That way I can plan ahead of time or I get plenty of time to find the money to pay for it somehow (if that happened) if I couldn't afford it.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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WOKKERTOO
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4/7/07 3:15 P

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Oh and one more thing.. you can have separate files in Money for the different hats you are wearing with the business, yours and his.. meaning they aren't entangled all in one Money. That keeps the totals for tax purposes in a better way (bus vs personal)

Lisa :-)

Lisa :-)

~LIfe's best defense against low self-worth -- be the kind of person that you admire~


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WOKKERTOO
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4/7/07 3:13 P

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Donna,

I like MS Money. I'd suggest giving it a try at least.

On the cc due date movement.. they've not been able to get me because I look each time. It happens for me when I sort thru the day's incoming mail. In that I put the post it note on the left corner with due date and amount due.. then when I do my MS Money updates every few days it gets entered as 'due' under my ck register in Money. Because I withdraw it with with the 'due' in the ck# line and the date it's due it gets pushed far below the line MS Money puts in to show current date.

I'm doubtful it's making any sense if you don't have Money to look at. I wish I could show you.

Lisa :-)


Lisa :-)

~LIfe's best defense against low self-worth -- be the kind of person that you admire~


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MRSFIXIT
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4/7/07 2:25 P

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I have MS Money & have been thinking of trying it. Right now I use spreadsheets. I track 3 different budgets (his, hers, the business). It works for Andy & I to have separate accounts, & we split up the bills depending on who can pay what.

One thing I was wondering, however, is how programs like MS Money & Quicken handle those recurring payments when you have credit card companies that are moving up your due date. This is something I just recently noticed, & I've heard of people getting "burnt" by it. You expect your payment is always due the 17th of the month, for instance, then after several months of this, the due date is moved to the 14th. If you're not really paying attention, you're going to go by the 17th, then you'll not only get hit with a late fee, but the credit card company will likely increase your rate to something ridiculous!

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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SHEEPINGLY
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4/7/07 2:08 A

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Yeah I do too! Because i do online payments instead of mailing a check in "snail mail" and because I only get e-statements now instead of paper statements I forget which bills I have to pay...so quicken helps remind me :D



Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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WOKKERTOO
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4/6/07 12:38 P

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Sheep I use the recurring feature too..LOL



Lisa :-)

~LIfe's best defense against low self-worth -- be the kind of person that you admire~


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SHEEPINGLY
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4/6/07 11:59 A

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I think so Lisa lol...

I just use quicken. They have this feature that represents the check book balance area that comes with ur checks and use this to record all my bills and transactions.

Plus it has this feature where u can record upcoming bills on a recurring basis so I know ahead of time if I MIGHT be short or not. Plus it keeps track of the total balance of my debts and my net worth...which because of the bills it's still negative LOL

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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WOKKERTOO
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4/6/07 1:58 A

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I'm using MS Money to track everything.. but on paper in my dayplanner I am listing all places that require money from me monthly down the middle of the paper.. as things are paid I write the ck number to the left and the amount paid to the right.. this creates 'holes' that I can see if something still needs to be paid.

In MS Money.. I list everything in my cking account as it comes in.. as if I'm paying it.. but instead of a ck number, debit etc .. I put DUE and for the date I put the date it's due. This creates a listing.. I also input paycks the same way.. the amount and DUE in the ck number slot.. it shows me easily what has to be paid and with what payck. When the item is paid I change the the due to represent the ck#, debit or whether it was paid ONLINE. For cks I change it to either ONLINE or Counter which tells me how the money came to be should there be any issues later (I have trust issues can you tell?)

One last (probably over doing it) thing is after I scan in the doc in my computer I tear off the paper that would normally be sent back and put it in the envelope .. on the outside of the envelope I put a sticky note on the left corner with the amount due and the date due.. I then file them in order of due date.. this used to be so that when it was time to write out cks they were already pretty much ready to rip.. info easily accessible.. now I pay online for most things.. so it's sort of redundant. I just can't stop doing it..LOL

Lastly I scan in receipts printed from online payments. Drop them onto a flash drive and lock them in the fire safe.

Having typed all this out.. I'm thinking I'm working MUCH too hard on this.

Lisa

Lisa :-)

~LIfe's best defense against low self-worth -- be the kind of person that you admire~


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SLIMJOHN
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4/5/07 9:41 P

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I have a God-led budget!

Joshua said to them, "Do not be afraid; do not be discouraged. Be strong and courageous. This is what the Lord will do to all the enemies you are going to fight." Joshua 10:25


 
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SHEEPINGLY
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4/3/07 3:57 P

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I see. Well only you know your situation than any of us do. I hope htings work out.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MRSFIXIT
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2/8/07 6:02 P

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Now this is where we go back to the problem we ran into last year. We ended up owing $3,400 in taxes. According to our accountant, Andy (DH) makes so much more than I did at my part-time Admin job, that I wasn't taxed at a high enough rate. This caused us to owe this much in taxes. But when I figure this into my pay, taking the $3,400 out of my pay, plus gas & all, I would have only been making about $15 per day. It just isn't worth it for all I go through to travel in the snow, put up with the boss' crap, & so on. Plus, it meant that Andy had to chip in with the household tasks & meals, which took away from the time he could spend making more money in OT or in his part-time business. Unless I could find a full-time job, a crappy paying job doesn't won't work. The only other option would be a high paying part-time job, which isn't likely.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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SHEEPINGLY
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2/8/07 5:47 P

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part time job is the only option...even if it's low paying...the extra money would work. Like babysitting or etc.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MRSFIXIT
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2/8/07 5:18 P

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No, not really. I've been trying to get into making jewelry, but from what I've seen it's not anything I'd make much (if any) money doing. The supplies are so expensive. I bet I have about $300 invested in beads, tools, books, etc.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


 current weight: 122.0 
 
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SHEEPINGLY
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2/8/07 1:46 P

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ARnold, I can't get hired for any job despite my recent success with being top ranked in the hiring pool I'm still looking for jobs because i don't know how long it will take for a dept. to need me.

Mrs. Fix it do you do any crafts...like some people do photography for others, some knit scarfs and sell them, what about you?

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MRSFIXIT
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2/7/07 11:26 P

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Thank you for the encouraging words, & I know you're right. That's great that you've been willing & able to find so many jobs to help out your family. I wish it were that easy here. Even with my college degree & long work experience, I can't seem to get hired for even $9 per hour jobs. It seems my best bet is to start my own business, but I can't figure out what to do. I've been thinking about an eBay store, but every time I get serious about it, something happens & we get burnt by someone on eBay, & I just lose interest & motivation in trying to sell something. Maybe I should just suck it up & give it a whirl.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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ARNOLDD001
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2/7/07 10:11 P

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MsFixIt

You are never to old to get a handle on things. You have to think positive and change a lifetime of habits! Keep striving for your goal and you will get there.

HW: 360
SW: 234
CW:234
GW: 165

"I am not afraid of tomorrow, for I have seen yesterday...and love today!"

Come hell or high water I will live to see tomorrow and damn well enjoy it!


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ARNOLDD001
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2/7/07 10:10 P

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Sheepingly, I don't know what kind of work you are looking for but is it possible to work somewhere else temporarily? It will bring in money of some kind and let you save some of your savings.

With my husband being military we have had to move alot and there have been times that I have worked in a gas station, or as a lifeguard util I found a job in my field, I am an x-ray/mammography tech. While the money wasn't as great as I was use to it helped make ends meet.



HW: 360
SW: 234
CW:234
GW: 165

"I am not afraid of tomorrow, for I have seen yesterday...and love today!"

Come hell or high water I will live to see tomorrow and damn well enjoy it!


 Pounds lost: 19.0 
 
0
23.5
47
70.5
94


SHEEPINGLY
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2/7/07 1:08 P

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You can still do it. As long as your 50% paying off debts and 50% saving...you'll have some income when you all are retired.

Besides the more you pay off debts, the more money you will be able to save when it's all done. Just keep doing it...snowball it!!!

I'm young but I'm unemployed and even with the recent job opportunity, lol no job has happened yet and i still worry and I only have about 1 1/2 months worth of expenses saved. That's not a good chunk of safety net.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MRSFIXIT
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2/6/07 10:40 P

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Yeah, I'm wondering if, at 49-yrs-old, I still have that option, especially with 26,000 in credit card debt, plus 2 cars loans, a camper loan, & a line of credit of 5,000.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


 current weight: 122.0 
 
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ARNOLDD001
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2/6/07 10:33 P

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at least you are young enough to recover a make better habits!emoticon



HW: 360
SW: 234
CW:234
GW: 165

"I am not afraid of tomorrow, for I have seen yesterday...and love today!"

Come hell or high water I will live to see tomorrow and damn well enjoy it!


 Pounds lost: 19.0 
 
0
23.5
47
70.5
94


SHEEPINGLY
SHEEPINGLY's Photo Posts: 1,840
2/6/07 6:52 P

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same here...I've made alot of money the past 3 years for someone my age with very little debt...and I blew it all and i don't even know on what lol.

Now i'm unemployed and very little savings.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MRSFIXIT
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2/6/07 12:32 A

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DH & I have made some really good money over the years. I can't believe we were so stupid with it. Now when we need the money, we can't seem to get it, & our expenses are the highest they've ever been.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


 current weight: 122.0 
 
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ARNOLDD001
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2/5/07 9:54 P

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I would think Dell falls under credit instead of loan. It is a revolving account, we bought a computer 7 years ago through them. Like a credit card their interest is based on the amount owing monthly.
I agree with all of you on the order smallest amount and largest interst rate. Just paid off my sofa whick had no interest for 1 year but was my lowest balance. Also my Firstone which is a low balance but high interest rate. Next is my bank overdraft loan although it is high amount than my Sam's because sam's has no interest for 6 months and will pay off the bank overdraft in the next 4-6 weeks.

It is amazing how we know so little about were our money is going until we sit down and write a budget. We should not be in debt with the amount of money we bring home between the two of us but we are! Hopefully if everything goes right we will be debt free in 18 months or less!

Here is to praying we all succeed!

HW: 360
SW: 234
CW:234
GW: 165

"I am not afraid of tomorrow, for I have seen yesterday...and love today!"

Come hell or high water I will live to see tomorrow and damn well enjoy it!


 Pounds lost: 19.0 
 
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SHEEPINGLY
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2/4/07 1:12 P

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i would risk the penalty because i just want the whole thing closed...

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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PEACEB2U
PEACEB2U's Photo Posts: 470
2/4/07 12:24 P

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One difference between some loans and credit cards is that there may be a penalty charge for paying off a loan early.

Check out the "Money Savers" spark team and start working on a debt-free diet



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SHEEPINGLY
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2/3/07 2:04 P

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Things that have balances and monthly payments like credit cards are all considered debts so yes.

But suze orman says tackle small cards first but the highest balance first.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MRSFIXIT
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2/3/07 1:51 P

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I've been reading the Dave Ramsey workout (figured it was cheaper to get the workout than the book!), but I'm just starting the debt snowball chapter. The thing is that when everyone talks about credit card debt, where do loans fall in all of this? I have a payment with Dell, & that's a pretty high interest rate, too, but is the interest actually calculated the same way for loans as it is with credit cards?

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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MRSFIXIT
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2/3/07 1:48 P

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I think that Suze Orman suggests paying off the highest interest rate card first, but Dave Ramsey suggests paying off the smallest balance.

Personally, I think both make sense, but that it's an individual choice. Right now some of my smallest balances are also my highest interest rates. But there's going to be a time when the next highest interest rate is on a card with a pretty high balance, & that doesn't make sense to tackle before a card with a small balance because I'd feel like I wasn't making any progress.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


 current weight: 122.0 
 
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PEACEB2U
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2/3/07 1:31 P

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Not only that, but it will also help you feel some success very quickly. There's nothing more frustrating than paying and paying on credit card debt only to see a tiny decrease.

Check out the "Money Savers" spark team and start working on a debt-free diet



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SHEEPINGLY
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2/3/07 1:15 P

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I heard pay the smallest balance card first that way the # of creditors you owe diminish faster...

Edited by: SHEEPINGLY at: 2/3/2007 (13:16)
Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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ARNOLDD001
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2/3/07 11:41 A

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Just something to think about. Don't remember who or where this advise was handed out but it makes sense.

If you credit cards are anywhere from 8% to 24.99% and your savings is anywhere from .5% to 5.05% it makes sense to put money in savings but the majority needs to go towards paying off your credit card. If you have more than one then pick an order, usually the highest interest rate, and pay minimum on the others and funnel all extra money into that. While you savings will grow a little slower you won't be paying as much interest on your credit card every month because you will be paying it down!

Just an fyi. Hope it helps and makes senseemoticon

HW: 360
SW: 234
CW:234
GW: 165

"I am not afraid of tomorrow, for I have seen yesterday...and love today!"

Come hell or high water I will live to see tomorrow and damn well enjoy it!


 Pounds lost: 19.0 
 
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SHEEPINGLY
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2/2/07 2:04 P

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Woo hoo I feel happy :) I would put a bigger % of your savings and deposit it in the untouchable account like a 75/25 ratio i suppose...

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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CCMERZ
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2/2/07 1:05 P

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We've been doing the column method on a monthly basis too, and it works well, keeping us on top of what is due when and how much it will be.

We've always had trouble saving because we would only use our savings account at the bank -- big mistake for us, because it's way too easy to access, which we WOULD, way too often. When we would want extra money for something, it was just a matter of a few clicks on the computer, transferring money from savings to checking. We're now stealing Sheepingly's idea of using an online savings account IN ADDITION TO our regular savings account. We're just splitting up what we can save between the two savings accounts each month, so we have quick access to the one at the bank if we really need it, but we've got the "untouchable" one online for an emergency fund. Plus, I sat my DH down and we laid down the law about spending....hopefully between saving more each month, spending less and not using our credit cards anymore, we can get things to a better point by this time next year. (We'll have to wait a little longer to pay down our cards this way, but hopefully by putting more towards saving, we won't need to use them anymore, and we can really start paying those suckers down in a few months.)

It really is all about budgeting -- if you've got every single one of your expenses down on paper, it's way easier to stay on top of things.emoticon

Edited by: CCMERZ at: 2/2/2007 (13:05)
Carrie C. :)

I *WILL* MAKE IT, BECAUSE I'M WORTH IT!!!


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SHEEPINGLY
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1/29/07 2:22 P

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I use quicken and notebook paper.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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KNITTINGKITTY
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1/25/07 10:38 P

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I have a spreadsheet system too, and one page of it show me the averages spent in month of the year in each category. So I should be able to plan ahead, but since it's continually cycling through, I don't get enough put aside to pay a particular bill when it comes due. So my goal is to save up enough to cover those annual expenses, and then the budget planning will become easier to accomplish. Little by little!

Ann, aka knittingkitty

http://kittiesknitting.blogspot.com

etsy shop: creativemind.etsy.com



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ARNOLDD001
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1/25/07 4:16 P

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Thanks Sheepingly. And totally agree with you, it is annoying!

HW: 360
SW: 234
CW:234
GW: 165

"I am not afraid of tomorrow, for I have seen yesterday...and love today!"

Come hell or high water I will live to see tomorrow and damn well enjoy it!


 Pounds lost: 19.0 
 
0
23.5
47
70.5
94


SHEEPINGLY
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1/25/07 3:59 P

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It's annoying rather when people aren't wise with their and end up in debt and complain when that happens. Some days I want to yell at them for not listening or just following common sense.

I don't know...I just don't care anymore lol

Hi ARNOLD btw.

Edited by: SHEEPINGLY at: 1/25/2007 (15:59)
Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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ARNOLDD001
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1/25/07 3:50 P

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Hi Sheepingly and MSFixit.
I agree with you both that budgeting is hard. Especially when your partner doesn't want to know the details just what he can spend.

So like Fixit I have a spread sheet that has basically about 6 columns: Due Date, Who the biller is (i.e. Citibank,etc), total balance owed, amount budgeted to bay, minimum amt due, actual amount paid and then a blank colum that is for comments (pd in full is my favorite). Have the colums set up to to a total for each column as #'s are entered. Then have it set up to total expected income and actual income and then have it subtract budgeted and actual from the income. It works very well. Have also made budget for hubby spending, me spending, averaged out our property tax divided by 11 and put that amount aside each month and have done this for a year to include the misc. expenses including the hoidays and birthdays. All the misc expenses go into the savings account in a DO NOT TOUCH status.

What really helped was reading the book recommended here called Total Money Makeover.

And reading posts in our group and learning what works and what doesn't. I also have a very firm goal in mind, and that is the main motivator to stick to it and be a total witch and make everyone else stick to it also.

HW: 360
SW: 234
CW:234
GW: 165

"I am not afraid of tomorrow, for I have seen yesterday...and love today!"

Come hell or high water I will live to see tomorrow and damn well enjoy it!


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SHEEPINGLY
SHEEPINGLY's Photo Posts: 1,840
1/25/07 2:40 P

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That's the #1 mistake people make when it comes to money.

They don't think that let's say most of their bills are due at the beginning of hte month which means the 1st paycheck has to pay those...and they maybe have left $20 bucks so they borrow money from somewhere or someone more than what they need for food/gas for the next 2 weeks because they want to have "fun" too and they think they need money to do it...

so 2nd paycheck comes around they have to pay the rest of hte bills. they have maybe $200 left over..and blam most of that has to go back to pay back whatever they borrowed...which again leaves $20 bucks...which they start borrowing again.

which shows 1. they will always have to owe someone and 2. they will never have the opportunity to save.

My sister follows the cycle i just showed..and I tell her if you can just not do anything for those 2 weeks..and wait until your next paycheck you will have $200 money for expenses, to save, and go out...

But she never listens as do most people. They always have to spend...always have to spend to impress people, always have to spend and pay for friends so they look like a good person while in the comforts of their own home they are stressed cause they are spending money they don't have.



Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MYDAYSCOUNT
MYDAYSCOUNT's Photo Posts: 2,245
1/25/07 2:32 P

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I know you're right. The self-discipline is the issue. Right now, I'm being very, very strict with out budget. If a purchase isn't budgeted, it must come from the "extra" money (overtime and photography). Being really strict seems to be the only way to keep us on track. As soon as we start to fudge a little here and move a little there, we start to think the money will just appear out of middair.

Don't count the days; make the days count.

Barb


To be nobody but yourself--in a world which is doing its best, night and day, to make you everybody else-- means to fight the hardest battle which any human being can fight; and never stop fighting. - ee cummings


Take the journey of your life one adventure-filled day trip at a time!


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SHEEPINGLY
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1/25/07 1:10 P

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As Mrs Fixit says, if you ahve money in envelopes don't touch it!

Budgeting for me is to actually know what you spend on. What I do is this on a sheet of paper:

Expenses - January 2007

Rent: 600 - Due 1/5/07
Dental Payment: 57 -Due 1/8/07
Credit Card: 75 - Due 1/8/07
Cell bill: 56 (if i don't incur any irregular costs) - Due 1/25/07
School Loan: 80 - Due 1/14/07
Store Card: 40 - Due 1/23/07
Gas/Transportation: $80 (allotment of $20/week ONLY)
Groceries: $80 (allotment of $20/week only) since it's just me I'm buying groceries for lol

Total Expenses for January: $1,068

Salary for January 2007 (granted I don't take days off)

Pay Day 1: $810 (take home pay) - 1/1/07
Pay Day 2: $810 (Take home pay) - 1/15/07

Total Salary for January: $1,620.00

$1,620 - $1,068 = $552.00

75% of left over to savings: 552 x 75% = $414
12.5% of left over for personal shopping = $69
12.5% to pay down debts or misc expenses such as car repairs, house property taxes etc., vacations = $69

Then you take your look at your pay day salaries and which bills you can pay with that without being past due and able to have enough money left over to save for retirement, shopping, and misc items.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


 current weight: 166.0 
 
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MRSFIXIT
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1/25/07 12:44 P

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I use a spreadsheet, too, & update it with "real" figures as I know them. I have our entire year budgeted out & as the weeks go by, I shade the areas already covered. Some of the areas are hard to track, like those used covered by cash. I track ATM withdrawals & stuff like that, so I have to assume it comes from that. I also track "shopping", but I don't divide out the Christmas shopping. I do, however, have a Christmas database where I track EVERYTHING spent on Christmas.

I think that no matter what method you use, you still have to implement some sort of self discipline. A friend of mine uses the envelope method & absolutely will NOT touch the gas envelope to go out to eat (for example). If you see in your spreadsheet that you need "x" dollars for gas & your "out to eat" money is not available, will you still go out to eat?

This is the real problem. It's what we have trouble with, also, so you're not alone. When you live paycheck to paycheck for so long, it's really hard not to rob Peter to pay Paul from time to time. How do you ever give yourself a "break"? I guess that's what I personally would like to know.

I'm curious as to how others will answer this.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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MYDAYSCOUNT
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1/25/07 12:09 P

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I tried to budget with cash in envelopes, but we just kept moving cash from one envelope to another and then the cash wasn't there to pay for something when we needed it. For example, we'd take money from the gas envelope to pay for eating out and then we didn't have money to buy gas. That meant taking money for gas out of another envelope, etc. Eventually, we'd pull cash out of the insurance envelope because it wasn't due for another few months and then we'd get hit by a big insurance bill with no money set aside.

I really got serious about our budget when I put it all on a spreadsheet. Every dollar of our regular paychecks is accounted for in our budget. I had to take out the wiggle room that a miscellaneous category seemed to give me. Now the miscellaneous has to come from "extra" money. For us, that's from when my husband works overtime or when one of my photographs sells. We also have a specific amount going into savings every paycheck, and the savings can also be used to cover bigger miscellaneous expenses. So far, it seems to be working well for us.


Don't count the days; make the days count.

Barb


To be nobody but yourself--in a world which is doing its best, night and day, to make you everybody else-- means to fight the hardest battle which any human being can fight; and never stop fighting. - ee cummings


Take the journey of your life one adventure-filled day trip at a time!


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