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Monthly budget outline

Posted on 6/16/23 at 11:38 pm
Posted by couv1217
Baton Rouge, LA
Member since Sep 2007
3338 posts
Posted on 6/16/23 at 11:38 pm
Trying to set up a monthly budget for the family. Anyone have a good document they’ve already created you wouldn’t mind sharing so we can duplicate? Or maybe a good app (free) to use?

A little about us: business owners, 3 kids (oldest starting private school this year), not sure what else is needed.
Posted by NBR_Exile
Houston via Baton Rouge
Member since Jul 2012
999 posts
Posted on 6/17/23 at 5:41 am to
YNAB and Mint are generally considered the best. Here is a link to a summary of others.

Nerd Wallet Top 8
Posted by Klondikekajun
Member since Jun 2020
1294 posts
Posted on 6/17/23 at 6:52 am to
There are tons of free budget templates that come with Excel. Just look when you open a new spreadsheet...
Posted by GEAUXT
Member since Nov 2007
29288 posts
Posted on 6/17/23 at 6:54 am to
Hard to beat a simple spreadsheet
Posted by tigergal918
Member since Feb 2022
134 posts
Posted on 6/17/23 at 8:03 am to
I love the Every Dollar app by Dave Ramsey. We don’t follow his principals, but it makes you categorize every penny for the month so you can see where your “extra” is going.
Posted by bayoubengals88
LA
Member since Sep 2007
19064 posts
Posted on 6/17/23 at 9:21 am to
I’m starting to realize that I actually don’t like budgeting.

It’s much easier to just keep the credit card spending under a certain dollar amount and pay it off entirely every month.

Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42556 posts
Posted on 6/17/23 at 9:58 am to
I tried YNAB and just couldn't get into it. I found some reddit guys google sheets where you can customize everything and it's super simple. So I have a form saved to my phone where I can add each purchase in like 10 seconds
Posted by BayouBengal23
BR
Member since Mar 2019
574 posts
Posted on 6/17/23 at 9:59 am to
I use paper to start the budget and to get all the numbers on there and squared away.

After that, I would look at the every dollar app by Dave Ramsey.

If you’re trying to go very hardcore, look into the envelope system. Helped my wife and I tremendously when we were poor lol
Posted by Mom2KandK
Member since Jun 2010
146 posts
Posted on 6/17/23 at 5:20 pm to
We have used YNAB for years. You give very dollar a home and track your spending vs budget using phone or computer. It was a game-changer for us after we started using YNAB.
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
2945 posts
Posted on 6/19/23 at 4:05 pm to
Empower is not a budget app, but it's great at tracking your spending by catagory and all your banking and investment accounts. FYI-they will call you and pitch their money management for a fee. I just say no thank you, politely. (I love your site.)

LINK
Posted by SG_Geaux
Beautiful St George
Member since Aug 2004
78093 posts
Posted on 6/19/23 at 7:24 pm to
Been using Mint for years now.
Posted by trident
Member since Jul 2007
4759 posts
Posted on 6/20/23 at 7:13 am to
everydollar is the best one i have found. amazingly simple, no spreadsheet, drag and drop expenses anywhere/anytime. I used to do spreadsheets but they are a pain and require a comp and time. Everydollar I pull up and do budgeting waiting in line at a grocery or just when im bored. Best $100 a year i have spent
Posted by SurfOrYak
BR/MsDelta
Member since Jul 2015
405 posts
Posted on 6/20/23 at 9:46 am to
The idea of paying fees for a budgeting/spending app is so counter-intuitive to me. Plus, I don't want to give it access to my bank/savings accounts. Excel for me, esp. since I am more interested in tracking my current and historical expenses and assets, not so much planning a budget.
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