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      I agree , you can make a budget based on averages for the last few months. If you know some figures for sure ,then put those in that way. You can have a contingency plan in the event that your income is greater than expected.

      You can also have a worst case scenerio contingency plan also.
      I alway budget my utilities based on average amounts. If the actual bill is lower this month, the extra money goes into an envelope for those months that it is acually higher.

      By doing this same thing when your income is a littler higher( extra in an envelope) , you come out ok when it is a little lower.


      Diane

      Quote:
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      Original Message
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      From: Ria
      To: Budget101_@yahoogroups.com
      Sent: Friday, July 25, 2008 3:02 PM
      Subject: Re: Budget101.com : Budgeting Issues

      “I’d have to make a budget nearly every other day.”

      Not necessarily. You can make a budget based on the “worst case” scenerio of a given month, using history of what you’ve earned over the last X number of months as a basis. Sure, anything can happen.

      That’s why you should have an emergency fund in place – to cover the unexpected.

      “Personally, it doesn’t bother me to be 50,000 in debt…not too much anyway.”

      If that’s consumer debt, not including a mortgage then – Wow, I couldn’t live like that. No way, no how! I would be working my tail off on a plan to get that debt GONE!

      Remember, debt is the result of spending money you don’t have!

      I’d still highly recommend that you read Dave Ramsey’s book, Total Money Makeover. It just might make some sense. It wouldn’t hurt, that’s for sure!

      Ria

      — On Fri, 7/25/08, Suzi McMullen wrote:

      From: Suzi McMullen
      Subject: Re: Budget101.com : Budgeting Issues
      To: Budget101_@yahoogroups.com
      Date: Friday, July 25, 2008, 8:22 am

      I’d have to make a budget nearly every other day. I get paid by someone almost everyday. It comes in 40 here, 25 there, 75, 120, etc.

      My bills are all due at all times of the month too. I have automatic payments going to life insurance, auto insurance, all the utility companies, several credit cards and I have automatic payments coming out to accounts I’ve set up to hopefully put a little savings away. But in reality I use those accounts to pay down some of the small accounts I’m trying to get rid of.

      My husband gets paid every other week and he’s always chosen some bills to pay that stay exactly the same. Then he brags he is staying in a budget. But in reality it’s just that he passes the buck to me.

      I’ll never forget times we’ve had an appliance, a car repair and say some big bill like personal property taxes come due all in the same month. I’d be the one making that happen. The kids get sick, medical deductibles, medicines to buy, everyone needs new glasses, again it’s me.

      These are the reasons why store accounts were invented that ended up becoming credit. Personally, it doesn’t bother me to be 50,000 in debt…not too much anyway. Sure I think about it and I try to make a plan.

      But I work hard and I’m willing to do what it takes. I fill in any little gaps I can with drop in daycare kids so that I maximize my earnings. I have nothing late at all on my credit history.

      But my credit score is like 650 just because of the volume of debt I have. That’s my main reason for trying to pay things off, that and the interest that’s going out.

      Suzi

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      original message
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      from: J Diane Northcutt

      to: Budget101_@yahoogro ups.com

      sent: thursday, july 24, 2008 10:21 pm

      subject: re: budget101.com : Budgeting Issues

      When we went through the Financial Peace course, they taught us to make a new budget evey single month. Every month is different. Income may be different, obligations may be different.

      Dave Ramsey teaches you to plan each month individually.
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      Original Message
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      From: Suzi McMullen
      Subject: Re: Budget101.com : Budgeting Issues
      I guess I don’t understand the concept of setting a budget at some arbitrary amount that includes savings if savings isn’t there.

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