(Closed) How Do You Deal With Money Issues?

posted 8 years ago in Money
Post # 3
Member
86 posts
Worker bee
  • Wedding: January 2011

whoa! i could not imagine living like that!!

Post # 4
Member
683 posts
Busy bee

We are broke too. We have separate accounts and then a joint “household” account. This is helpful with writing checks because I don’t really have to balance my checkbook- I write out a check and dump in the balance- maybe with a little padding.

The account is only used for household bills- maybe you can set up a system like that for your wedding expenses?

Post # 5
Member
4137 posts
Honey bee
  • Wedding: May 2011

i feel your pain! we’re constantly struggling with this too 🙁

Post # 6
Member
595 posts
Busy bee
  • Wedding: March 2011

What about, selling things you have and don’t use, off course in good condition? Online or any other way. Diy proyects can save you a little money too.

Post # 7
Member
595 posts
Busy bee
  • Wedding: March 2011

What about, selling things you have and don’t use, off course in good condition? Online or any other way. Diy proyects can save you a little money too.

Post # 8
Member
2398 posts
Buzzing bee
  • Wedding: April 2010

Just to be clear – is the problem a lack of funds, or difficulty keeping track of what money has been spent and when?

Post # 11
Member
1205 posts
Bumble bee
  • Wedding: December 2011

Ugh, I feel you.  Fiance and I are both students, pinching pennies and trying to save for our dreams while daily expenses take up almost all our minimal income.  We are totally still struggling with this and deal with it all the time. Sigh.

One thing we try to do that helps when we are good about it is to keep a budget spreadsheet.  I use the Pearbudget spreadsheet which I downloaded for free…they have an online-hosted version, too, but you have to pay a monthly or annual fee which I was not interested in doing.  We save our receipts and plug them in on my laptop.  This has helped me rein in my “impulse” grocery spending (I know bananas are on sale, but I really want a mango! type urges) and FI’s impulsive download spending (but this song is only one dollar!), since it is easy to see how it adds up. 

The Cheaphealthygood blog is also my friend for inexpensive but still healthy dinner ideas, although it sounds like you are already on top of cooking inexpensively at home!

Post # 12
Member
6394 posts
Bee Keeper
  • Wedding: September 2011

@lilyfaith: I’m with you on that one. I hate it when I miss something. Gas always throws me off, since it takes so long to come in.

I am constantly on my bank’s website to make sure I have the right amount of money in there, lol, and that everything I spent has been accounted for. Text banking has saved my life. 😛

Post # 13
Member
11325 posts
Sugar Beekeeper
  • Wedding: February 2011

When I was younger my parents were really tight on money and they went to a cash system which they said really helped them. Basically they CASHED every paycheck and put x amount for food in an envelope, x amount for gas, x amount for rent, etc etc. When you have that visual cue of exactly how much your’e spending it is a little easier to keep track of, ya know? 

Post # 14
Member
5399 posts
Bee Keeper
  • Wedding: November 1999

Have you checked out mint.com?  It’s a free online way to help you keep track of all your finances and it helps you set up your budget.  There’s even a way, if you want, to be able to pay all your bills through it so it helps you keep track of how much money you actually have left. 

Post # 15
Member
2398 posts
Buzzing bee
  • Wedding: April 2010

@CorgiTales: That’s exactly what I was going to recommend.

I would just be sure that you maintain a minimum balance or a small lump sum in the actual checking account for situations where you have to make an online purchase, a fee is charged, etc.

Do either of you have a credit card?  If no, I would say you should both get one to start building a credit history and use it to fill the gap between when you get paid and when you, say, need to buy groceries. 

Post # 16
Member
6661 posts
Bee Keeper
  • Wedding: May 2010

I used to just ‘do without’. When I first moved to NYC and decided to live in an apartment more expensive than I could afford (which was ultimately a good decision since it’s in a really safe neighborhood and I have as planned grown into it financially) I used to just pay for everything with cash so I knew EXACTLY how much I had left, and after bills if I didn’t have the money for something I just didn’t buy it. This meant missing out on nights out with friends, not having cable for the first 2 years I lived here (it wasn’t that hard actually!) and barely ever buying new clothes.

It’s actually a challenge now that Darling Husband and I use our credit card for everyday expenses to get points, it’s definitely not as visual due to the billing cycle not being immediate, like cash in a checking account. So we have to take the time to analyze our statements and think proactively about how much more we have to spend until the end of the cycle in order to save X amount.

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