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help with starting a budget
Reply With QuoteMy 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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