Need help with household budget, template?

posted 3 years ago in Money
Post # 3
Hostess
30305 posts
Honey Beekeeper
  • Wedding: September 2011

@prahajess:  We use Mint.com and like it quite a bit! Easy to use. 🙂

Post # 5
Hostess
30305 posts
Honey Beekeeper
  • Wedding: September 2011

@prahajess:  Yeah, the setup is the worst part! After that, it kind of just sets itself, I promise! 🙂

Post # 7
Member
1822 posts
Buzzing bee
  • Wedding: May 2013 - Pavilion overlooking golf course scenery, reception at banquet hall

I use mint.com and have heard nothing but good things about youneedabudget.com! You have to stay on top of them, though, or else it’s useless.

Post # 8
Member
11712 posts
Sugar Beekeeper
  • Wedding: November 1999

We use Mint, but we’re lazier with it than we should be.  

Post # 10
Member
3756 posts
Honey bee
  • Wedding: April 2014

My budget is reviewed on a monthly basis, but I track every penny I spend so really I’m looking at it constantly. The last day of the month I go over the budget for the next month. All of the bills get setup to be paid and any leftovers get moved to savings or distributed throughout the month for gas, groceries, fun money, etc. I use my own spreadsheets using google drive (if you have a gmail acct).

Post # 12
Member
3756 posts
Honey bee
  • Wedding: April 2014

I just copy the one I’m currently working on and updated it for the new month. I don’t really have a template, just a working copy that I duplicate for the next month. 

The only functions I use on the spreadsheet are adding and subtracting so it’s not that complicated, if you play around with it you’ll get it. For example, I have all of my bill amounts listed in the B column, at the end of the list I have the total sum of all bills, in the cell I use the sum function: =SUM(B2:B25) and then the next line gives me the amount leftover =B1-B26  B1 being my paycheck, and B26 being the sum of B2 thru B25. Make sense? Play around with it, it makes my life so much easier!!

Post # 13
Member
2878 posts
Sugar bee

I use one that’s available online for free, it’s from my bank and it’s very detaile (3 pages). It calculates everything and how much I still have in the end of the month. I also have multiple savings accounts divided into categories : car, clothing and personal care, university, wedding, house downpayment, so every payday, I follow what’s indicated on my budget and put the right amount into each category. 

When I want to buy clothes, I know how much is available in my account. If I have a car repair, I know I have money saved for it, etc.

Right now, my budget is oriented to minimal savings, and loads of debt repayment. When I have significantly less student debts, I will get higher savings. I review the budget everymonth, but the results are better when you stick to your budget for months. 

ETA : here’s the link to the english version of my budget sheet. It’s a pdf, so you can save it on your deskto : http://www.desjardins.com/wcm/idc/documents/e35-budget-e.pdf

Post # 14
Member
3210 posts
Sugar bee
  • Wedding: January 2014

@jny1179:  I do something similar!

I use Mint to track each purchase and categorize it (I usually check it every two days–longer than that and I start to forget what purchases were, like, “Hmm, why DID I spend $50 at Target?!”)

Plus checking it frequently helps me stay on top of categories in which we are likely to go over (groceries being our worst culprit because we love to eat nice food!).

And then at the end of the month I put all of the totals into my template, figure out if I’m over or under when accounting for everything (any extra income, any special, non-budget bills) and then transfer money appropriately. We also have separate things that we save for (e.g. we save monthly for car insurance, vacations, etc) but only one savings account. So I keep track on my spreadsheet how much is in each category.

Post # 15
Member
545 posts
Busy bee
  • Wedding: June 2013

@prahajess:  We used Mint for a while and then switched to youneedabudget.com. YNAB is a LOT better than Mint. Budgeting requires about 5 minutes of daily (or 30-45 minutes weekly) of work entering (or editing, if you choose to import them) transactions and adjusting the budget. Once a month my DH and I get together to reconcile the accounts and discuss how we’re doing. We’ve saved a ton of money by using YNAB and paid off nearly all of our (non-mortgage) debt in less than a year. YNAB is better than Mint in that it has a specific method to addressing your financial goals and it encourages you to be realistic and flexible (and therefore avoiding getting frustrated and giving up on budgeting).

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