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re: How do you and your SO budget?
Posted on 11/2/15 at 10:01 pm to CHiPs25
Posted on 11/2/15 at 10:01 pm to CHiPs25
We get paid twice a month - both of us on 15th and last day.
We have a spreadsheet that at the top lists our net checks - which is after taxes, insurances, retirement, and savings allocations (we both have our checks split into our checking account and savings account).
Two sets of columns, one for each half of the month.
Next we list out all our "bills" such as mortgage, student loans, utilities, tuition, etc.
What's left is what we have to spend. We budget this roughly into four categories: groceries and home items, entertainment/eating out, fuel/car maintenance, and kids stuff. We then get cash on payday and do envelopes for the entertainment/eating out and kids stuff budget items.
It's probably overly complicated but it works for us. The two areas we get cash are the two areas in our life where we are prone to overspending. We generally don't overspend on car expenses or groceries.
We have a spreadsheet that at the top lists our net checks - which is after taxes, insurances, retirement, and savings allocations (we both have our checks split into our checking account and savings account).
Two sets of columns, one for each half of the month.
Next we list out all our "bills" such as mortgage, student loans, utilities, tuition, etc.
What's left is what we have to spend. We budget this roughly into four categories: groceries and home items, entertainment/eating out, fuel/car maintenance, and kids stuff. We then get cash on payday and do envelopes for the entertainment/eating out and kids stuff budget items.
It's probably overly complicated but it works for us. The two areas we get cash are the two areas in our life where we are prone to overspending. We generally don't overspend on car expenses or groceries.
2
Posted on 11/2/15 at 10:08 pm to LSUFanHouston
What do yall consider needs/bills? Do vehicles count or is that a personal thing? What about furniture and stuff? I could see a female saying a blah blah sofa being necessary and the man not agreeing, or likewise an f250 necessary when the wife doesn't care about vehicles.
Posted on 11/2/15 at 11:30 pm to LSUFanHouston
quote:
We have a spreadsheet that at the top lists our net checks - which is after taxes, insurances, retirement, and savings allocations (we both have our checks split into our checking account and savings account).
Two sets of columns, one for each half of the month.
Next we list out all our "bills" such as mortgage, student loans, utilities, tuition, etc.
What's left is what we have to spend.
This is essentially what we do to this point. I update it weekly in about 5-10 minutes with our expenses for the week that aren't "bills". Then send a text to the wife letting us know how we're doing for the remainder of the month, etc.
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