- 3 years ago
- Wedding: June 2018
Hi there! New bee here – previously a lurker but I finally caved and made myself an account so I can join in on all of the fun happenings on here. I read a lot on here while I was wedding planning and it helped a lot so I wanted to come ask advice for just some life stuff, hopefully that is okay! I’ve realized people come to the bee for all sorts of advice.
Getting to the point… lets talk about budgets – specifically, budgeting for beginners please! I could use some help in this area. My husband and I are financially stable and good with money. However, some months feel like we are doing great then the next we feel super tight like we way overspent. Hence why I think creating a monthly budget would be very helpful. I manage our bills and household money (DH is definitely informed and involved, but he is not organized like me, lol). I want to have a better grasp on knowing things like “Okay, we need to watch spending because the mortgage is due” or “Looks like we will have $XXX left over, so we can splurge on a nice date night/put $X in savings/etc.”.
For the most part we have pretty standard living bills and expenses (give or take the pets, haha). Mortgage, electric, propane gas, TV (satellite), WiFi, cell phones, groceries/toiletries, animals (2 horses + 1 dog, both low maintenance meaning not a lot of extra ‘special’ care) and one credit card. We do not have a water bill due to having our own well and no kids at the moment. This list doesn’t include “extras” like Netflix, Amazon Prime (I actually pay for this because its been linked to my personal account for a few years), date nights, etc. I also feel like our alcohol could be its own category because its very rarely included on our normal grocery bill (we buy mostly from the liquor store on an as-need basis) but it could be! We always like to have our mini fridge in the garage stocked with beer, haha (don’t judge haha)!
With all that being said…. Where do I start with making a budget? I’ve tried before using Excel/Google Sheets, writing it down but I just seem to forget to adhere to it month to month or check in on it. Is it worth looking into any Dave Ramsey principals or pretty easy to teach myself for little to no cost? When do you sit down and do budgets? What works best for you?
Share all of your best budgeting secrets and how you got started!