help with starting a budget

Budget101 Discussion List Archives Budget101 Discussion List help with starting a budget

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    • #253384

      My system:

      1. Master List – You have a different page for each month or if you

      only have a few bills you might put 2 months on a page.

      BILL Due Date Usual Amt Date Paid Amt Paid Balance

      rent 1st $500 1st $500

      electric 10th 100 5th 97.50

      credit card 20th 50 15th 45.00 247.50

      2. Make a list of every bill you have and don’t forget things like

      groceries, allowances, target/walmart, petfood, gasoline,haircuts

      Now write down on another paper your paydays and amount – then

      keeping the due dates in mind make out your budget.

      I get paid on 1st Hubby gets paid on 5th

      $500 $500

      Rent $500 electric $100

      groceries $150

      allowances $50

      credit card #1 $50

      I get paid on 15th Hubby on 20th

      $500 $500

      gasoline $200 groceries $250

      credit card #2 $100 allowances $50

      Then when you get your check you go down the list and be sure you pay

      with that check what is on that weeks list. Write everything down on

      your master list. The master list has actually saved me paying late

      fees when a bill was lost in the mail. I sat down to pay it and

      didn’t have a bill – checked my master list and saw that I hadn’tpaid

      it so I called the company and they sent me a duplicate bill – NO

      late fees because I caught it in time!!

      Be sure to put some in savings if you can – most of the years my kids

      were small there was barely enough to pay bills, allowances for hubby

      and myself were very small but as kids left home it got better!

      KarenMO

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Budget101 Discussion List Archives Budget101 Discussion List help with starting a budget