Budgeting tips??

Question

My husbands spends a million times more than we make, I finally got him to agree to sitting down and making a budget any tips?? I don't want hime to miss out on anything he wants, but I want him to realize we have family needs too. HELP.

Answer 1

First make a list of all the bills you have and how much is due each month. Then list out how much you need for food, gas, and weekly allowance for work ie...lunch etc. After that show how much money is brought into the house each month. You should also pay yourself first. That means put up at least 10% of your take home money into a savings account. Subtract the amount of the money that is earned from the bills and savings. This is the amount of money you have each month to spend on extras.

Answer 2

Well the thing about budgets is that they reflect your goals, and that means you can pretty much adjust them accordingly. The only steadfast rule is that you have to get your expenses in line with your income, otherwise you're in trouble. For help in coming up with the categories, I came across an very good article on a finance blog. I hope it helps. I think there are 3 or 4 articles related to making a budget

http://financialbasics.blogspot.com/2006/11/creating-budget.html

Answer 3

Chop up the credit cards. Figure out how much all of the necessities cost (rent or mortgage, utilities, food, clothing, auto expense or other transportation). Then put most of what's left into retirement and savings (back-up in case the roof falls in, the hot water tank blows or some other catastrophe). Give him and yourself a cash allowance. Once the allowance is gone, that's it until the next paycheck.

Answer 4

Let him know that bills getting paid is more important than materialistic things... Give him a spending limit and stick to it... But make sure you save some for yourself.. You need pampering to without being stressed out about bills not getting paid... He's sounds selfish and needs to be put on a leash!!Get him girl.show him whos boss...

Answer 5

there are some belongings you want to do: recycle (you are able to reduce up bottles and trays and use them for all sorts of adjusting initiatives), take things you don't want to the Salvation military (shuttle mild) or promote what you are able to at a backyard sale, shread all previous papers (plus you should use that shread for stuffing), be certain what you'll want interior the destiny and for each want you carry into the abode you should enable between the former belongings you personal flow out the door. then you actually can initiate downsizing through eliminating your cell telephone and lengthy distance, and your cable bill, and be certain that you're going to make purely 4 journeys out of the abode in a unmarried month (and once you're out an about do "all" of your paying expenditures, grocery identifying to purchase, appointments all on a similar day), strategies to revive your human being automobile, and purchase an previous beater (considering that coverage will value you lots a lot less that way and probably will also assist you to get nutrition stamps). once you get medicare see if there are any courses that you are able to also get resourceful and prescient and dental too. sign up for prescriptions from Walmart. grow to be a vegetarian (properly very almost). Meat is basically too severe priced at present and so are prepackaged ingredients at the same time as you are able to throw jointly a 2-merchandise meal rather and eat an excellent type of sandwiches and television dinners rather, plus going vegetarian will decrease your weight and your blood stress. count extra on supplementations to augment your nutrition routine. undergo in concepts that in case you do not have the money then do no longer purchase the item. And, ascertain you carry down the balances on your charge playing cards and keep possibly a million or 2 (one to be in connection which include your bank account so in case you withdraw you received't wade through a hefty overdraft can charge). Pay your expenditures on time. Get a component time activity or babysit from time to time for family individuals for extra substitute. and you are able to now do without makeup, stockings, new clothing (maximum retirees are in slacks and tee-shirts) and purchase shoes at payless (mine very last 5 years). in case you handwash your undies and tee-shirts and slacks interior the rest room basin quite than the washing gadget and dryer they are going to very last lots longer and keep their structure too. in case you colour your hair you are able to study the thanks to do it your self, even can reduce your hair and your husbands hair to boot.

Answer 6

I would like to draw your attention towards the best budgeting tips blog. This is helpful blog for family budgeting tips.
http://www.crucialstart.com/family-budgeting-tips/

Answer 7

Show him what you make and how much is being spent. Then prioritize your needs. You may even want to work out a type of "allowance" for him.

Answer 8

set money aside in this order food
clothing
shelter
utilities
insurance
other bills
retirement
then fun

Answer 9

make a list
him
her

Answer 10

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