Post # 1
Looking for some help with creating a “life” budget for hubby and I. After the wedding we consolidated our finances, and are keeping a journal of EVERYTHING we spend. We sat down and figured out how much money we think we are spending, and how much we can afford to pay down on our debt, and how much we can save, ect etc. Obviously the journal will help us get a clearer idea of how much we are really spending over time but I’m trying to find some information or some type of budget calculator to help me make sure we are on the right track… to help me figure out how much we SHOULD be spending on various things ie. groceries, personal care, entertainment etc….
Anyone know of a good resource? Thanks in advance for your help!
Post # 3
We’re using the Quicken online resource. It’s free, and we’ve started relying on it to tell us where we’re at with respect to our budget.
We linked it to our accounts and it files everything automatically, so it requires very little maintainence and gives us a very clear idea of what we spend and the categories we spend it on.
Since we did this, we’ve cut our eating out spending in half and are saving a big chunk of change doing so!
Post # 4
I use Quicken too! There is a great budget worksheet here by Gail Vos-Oxley from the CNBC show ‘Til Debt Do Us Part’ that shows a basic amount that should be spent in each area. It’s filmed in Canada but still very relevant here!
Post # 5
I use mint.com and it functions similar to Quicken. It will automatically categorize your transactions for you so you can see where your money goes. I just go in once a week or so to adjust it.
Post # 6
We also use Quicken. It has helped us immensely.
Post # 7
If you are looking for some good goals, I would suggest looking at Dave Ramseys website. If you like what you see the books are also really good.
It talks about how to live debt free and stick to a budget. It helps let you know when you should save and for what, etc.
Post # 8
@MsAsB – That website was really helpful! I actually live in Canada, and was watching “Til Death Do Us Part” when I got inspired to reassess my budget lol.
I will take a look at Dave Ramseys website too.
Thanks everyone :).