Creating and Using a Budget

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SteadFastLove	Creating and Using a Budget		Lead	[-]
Registered User Posts: 4740 06/15/09 04:48 PM ezOP	Tags : None If your family uses a budget, what form do you use? If you chose software or online versions, please write a post about which specific one you use and why? If your family uses a budget, what for do you use? (Result) envelope system writing it on paper Excel budget book Computer software Online budgets, like Quiken
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Bud		#1	[url]	[-]
Registered User Posts: 382 06/15/09 10:09 PM	I just recently went to the use of a calander budget. I like to be able to know ahead of time what bills are due, what day and in what amount (amount can sometimes flucuate with utilties). I then pay bills ahead of time as much as possible. When we have some extra money, I pay a 6 month period for garbage disposal.....it is $15/month. I have had our water bill paid ahead for so many months that we finally owed on it this month....23 cents! We are very conservative with water use and have recently purchased and filled 3 rainbarrels for emergencies. Back to the calendar; once a bill is paid, I note the check number, amount paid and then hi lite it on the calander. Having this visual helps me a great deal. Paydays are also marked on the calander so I can better judge if I can pay a bill early or if other items need to wait. I feel I will be more equiped to start a savings account, which we desperately need. So my rolled coins will go towards savings to start with! We won't become wealthy but maybe a bit more comfortable if we have a cushion of some sort. Be Well, Bud
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SteadFastLove		#2	[url]	[-]
Registered User Posts: 4740 06/15/09 10:18 PM ezOP	Interesting the way this calendar budget works. Thanks, Bud. Helping others to work towards a polygynous mindset more and more everyday!
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Patience		#3	[url]	[-]
Registered User Posts: 205 06/18/09 04:10 PM	I use a small file-box I got as a freebie from Hallmark. It's divided into months. When a statement comes in I discard everything except the statement it's self and maybe the envelope. It's then filed in the correct month that they payment will be due. Just before the end of the month, I make up a spread sheet that includes the account type/name (Power), due date, amount due and the amount of the penalty if it is paid late. Since Hub is self employed our funds can be feast or famine. This is then printed out for Hub to review. Then I pay the bills and include all the information on the spreadsheet which is then placed on Hub's nightstand. After he's had a chance to look at it, I file it back into the "bill box" along with the receipt for anything else that was paid without a statement such as prescriptions, the new lawn mower, etc. Our personal Tax time is easy because everything is in one place. It's equally easy to see if something is still covered under warranty. (The warranties them self are in a big envelope either in the shed or kitchen depending on if it's a tool or appliance.)
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shara		#4	[url]	[-]
Registered User Posts: 55 06/18/09 04:51 PM	this is what I would do for a budget for multiple homes Add up all mortgages or rental payments (let's say they're $900 each=$2700) Add up the rough monthly estimate of electricity (let's say $200 per household=$600) Add up phone internet cable (let's say $200 per household=$600) Add up car payments (let's say $300 per household=$900) This is $4800 per month now according to how often you go food and clothing shopping i would say as long as you have these covered comfortably, you would put aside a relative amount each month for food, clothing and other necessities. Ps. If you divide $4800 by 3 it's $1600 per household per month not including whatever i left out but it's a tiny start Gtace and Peace Shara
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noniemurphy		#5	[url]	[-]
Registered User Posts: 282 08/11/09 03:03 PM	Once long ago(LOL) We paid our bills ahead and had very little debt, we paid our cc off every month. Now we live month to month although we do having spending money. Someone once told me you should keep 6 months of living expences in a savings account just in case something happens. I want to know how they expect that to happen with mortgages, childcare and oops the car blew a water pump. Does anyone have any idea of ways to put away money without feeling deprived or cutting the cable? Life is too short to wake up with regrets. So love the people who treat you right. Forget about the one's who don't. Believe everything happens for a reason. If you get a second chance, grab it with both hands. If it changes your life, let it. Nobody said life would be easy, they just promised it would be worth it .
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chelone1		#6	[url]	[-]
Registered User Posts: 781 08/14/09 02:24 AM	I like the sound of Bud's calendar-and Patience's bill box. I used to put to-be-paid things in one slot in my desk and paid in another. But that was a long time ago. That desk has fallen apart and is waiting for us to have time to figure out and space to work to fix it. Oh, well. I like things to be organized so they are easy to find and use, but that takes everyone's cooperation.
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Soahc II		#7	[url]	[-]
Registered User Posts: 4 10/14/09 01:32 PM	We use the don't spend any money you don't have to, method. Any excess builds up. Then you can choose, once the funds build up what extras you may want. This system means forgoing vacations, presents, and things that for some "make life worth living". Live like an ascetic for long enough and eventually you'll have money. Further, your tastes and habits will be accustomed to a much lower level of material satisfaction so little things go a lot further. Personally, I even forgo health insurance, private school for my children, and associations with dues. Would I like all those things, of course I would! However, prayer, takes care of my health needs to a large extent. Home schooling and supplemental education takes care of my kids, and I find due-free associations to belong too, that are more service oriented. Would it have been nice to have vacations, nice gifts, and the little perks that make you feel middleclass, absolutely! But, it was more worthwhile to me to scrimp and save for the last decade so that now I have a variety of investments, a bulging retirement account, multiple homes, etc. p.s. To give scale, for many years we lived on 8k a year for a family of 5 in California.
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loki4	Wow!	#8	[url]	[-]
Registered User Posts: 1383 10/20/09 02:47 PM	$8,000 a year. I am really impressed! I thought we were good at 4 times that! Sorry gotta go write a cheque for lions yearly dues. -Steve.
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Creating and Using a Budget

Creating and Using a Budget

If your family uses a budget, what for do you use? (Result)

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