What is your weekly personal expense budget?

Question

Do you have a grip on your personal outgoings and saving a reasonable amt of money? What is the best way to save yet enjoy your life? I want to live debt free one day.

Answer 1

Bamma say these are seemingly difficult questions. Bamma say you just do it. Bamma say you sit down and see how much money you make. Bamma say you see how much you need for bills. Bamma say you see leftover money. Bamma say how much you wanna save how much you wanna spend. Bamma say he know for a fact the less you spend now the happier you'll be in the future. Bamma say it all evens out. Bamma say unless you rich miss you pay someday. Bamma say do you want to have fun now and work rest of life. Bamma say do you want to work now and have fun rest of life. Bamma say your choice. Bamma otta know.

Answer 2

Yes, I have a grip and manage to save, but it was not always thus. When I married my husband I was hopeless, always overspent. He said "Save something every month, no matter how small. Make a standing order into a savings account, even if it's only a tenner, even if you draw it out again sometimes. Just get into the regular savings habit, because it will grow gradually. Then when you need money, borrow from yourself"

He also taught me to look at interest rates. If you must borrow, look for the lowest rate and pay back asap. For savings, look for the highest rate. You can still enjoy your life, it's no more boring than housework or reading labels when you shop, just get into the mind set that you are not going to give away your hard earned money to some bank.

When you want to save - stay out of shops. Go through your wardrobe for good clothes you have bought and forgotten about. Eat what's in the cupboard/fridge, get books out of the library for free, and CDs for a small charge. Try not to think of having fun as something that requires money. Good Luck

Answer 3

Budgets don't work for a lot of people. I personally have a pretty good idea, but I don't track it nor do I have a budget.

Instead I have the first 15% of my income automatically put it into savings before I even see it. Then I just live on the rest.

This is called "Paying yourself first." Hey, if it works for the government and how they have you pay the taxes, then it's good enough for me.

There's a great book called Automatic Millionaire by David Bach that deals with this and other methods to "finish rich" as he puts it. I highly recommend it. It made quite a difference in my life.

Answer 4

Pay the debt with the highest rate 1st, making MMR's on all others.
Swich all possible debts onto 0% cards, 0% overdraft buffers, CAM mortgage (if u have 1)

If u need 2 negotiate with creditors urself, dont pay any1 else 2 do it.
Dont do this opotunisticly as it will damage credit rating & u might have debts called in.

Once u r debt free:
Set up regular saver (lloyds 8%) + ISA (NSI 5.55%) + sharebuilder (from motley fool)
and pay into them as if they were bills.
U may also want 2 consider a pension, in my view gov will have 2 raise state pension or force contributsions so any money u put in may b offset.
I am saving 4 retirement in a self select ISA.

Answer 5

I don't go by the week. I get paid every 2 weeks. I go by the month... $365 for rent, $60 for internet+phone, $30 for electric, and whatever's left over I use for food, gas, and paying off my debts. I make about $900 a month. The only way you can save money is to not buy stupid ****, like shoes when you already have them, coffee every morning, fast food more than once a week, etc etc. Of course, for me, all this isn't a matter of saving up money. It's a matter of simply living.

Answer 6

do now no longer difficulty approximately putting on the computing gadget or utility appropriate now, via way of actuality your first few months of a value determination are going to be trial and error. First stumble on out how lots money you're making a month and then place into to categories as to the placement that is going to all bypass: residing house fee,vehicle fee, utilities, nutrients, gasoline, discounts, blow money. on the tip of each and every and each and each month you're in a position to have not have been given any money left that may no longer going everywhere. If there is money left say 20$ or so located it precise right into a sort too like discounts, or clothing make certain you have all themes lined and each and each and each and each $ accounted for. After some months of residing on your new fee determination you're in a position to be on the perimeter of having the thoughts-blowing $ parts into the thoughts-blowing place. appropriate now do now no longer difficulty approximately new utility or the thank you to place it on the computing gadget basically difficulty approximately getting all of it all started and dealing for you. Budgeting isn't uncomplicated, and takes self-discipline, sturdy fulfillment

Answer 7

We live very comfortable on our salary ,s and they are modest one,s. We now have 3 homes also modest. A little nest egg, also ditto, 3 more years to pension and sunny climes in Thailand. The moral is, to live within your means, if we can do it with hard work ,then so can you. Then like us you will be debt free. Good Luck and Merry Christmas.

Answer 8

I spend a fortune but i still manage to save as well,not sure what im saving for though.......

Answer 9

www.daveramsey.com

This man is the authority on getting and staying debt free. Good luck.

Answer 10

I save now and to play VERY WELL later....

I save about 30-40% of my pay