can someone teach me the best way to organize house budget?

Question

i tend to overspend on things i don't really need and i'm kinda impulsive buyer.for thisyear,i want to spend wisely and be thrifty.i want to save for the rainy days,pleasedo help me.thanks!!

Answer 1

Here's a handy budgeting tool: http://www.genus.org/scripts/calculators.pl?function=budget

Also, you can check the forums at creditboards.com for free advice about budgeting and moral support from people who have "been there".

Also, I would highly recommend buying a copy of Quicken Basic or Microsoft Money to help you track your finances as well.

Answer 2

In the days of computers and spreadsheets, you will laugh at this answer, but it works EVERY time.

It's the envelope method... get several regular #10 envelopes and write your major categories of your discretionary spending on each one... groceries, eating out, movies, etc. Remember, it's important to separate your obligations from your discretionary spending. Most budgets get out of control when it comes to 1) getting too much debt and requiring high monthly payments (debt service) and 2) not controlling your discretionary spending.

When you get paid, separate the amount that you need for fixed payments (debt service) from the rest, and get that money in cash. Put the cash into the envelopes in proportion to the budget you've developed for each category. When you need to buy something, take the money out of the envelope. Once your envelope is empty, then you've got a decision to make... take money from another category, or put off your discretionary spend until another time.

It's simple, it's easy, and it works.

Answer 3

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Answer 4

It is important when budgeting to separate needs and wants. Start by writing down your monthly obligations, largest first. After you add up all of your "needs", subtract that number from your monthly income and look at what is left over.

With the left over money, your budgeting really starts. Now you need to figure out how much you can spend on wants, how much you want to decrease your debt, and how much you want to save.

I recommend also factoring in one time expenses that you can expect over the next 6 months (car insurance, club membership, repairs, travel, weddings).

If you want more specific answers on how to budget, I like the budget section of Cnnmoney.com, I will post the link below. Good luck.

Answer 5

Try this: 50% for all necessities, 30% to spend on anything you want, and 20% to save and invest...of course, for a house budget you would have to extrapolate a little, but it's at least someplace to start!!

And it's not a bad plan for your own personal spending, too,,,

Email me if you have any further questions.......

Answer 6

Budgets are nice, but you first need to control your compulsive spending. We cant help you there, what you need to do is ask yourself if you really live without that item.

Answer 7

START LATE FINISH RICH by David Bach
Is the easiest reading, easy to follow, and a GREAT BOOK!!!!
Good Luck

Answer 8

There are some great guides at the site listed below:

Answer 9

If you overspend, stop using credit cards and do all transactions in cash. You can't spend more than you have that way.

Answer 10

the greatest way that i found to help save with everyday stuff is www.grocerygame.com they are a website that teach you how to shop with coupons and show you all of the discounts that you can find!