i want to make a budget because i am spending way to much money and i need to somehow figure out where i can save money. do you know if any websites have good budgets that i can use and save. how do you stick with a budget and do they really work.
2007-03-11 13:01:49 · 4 answers · asked by jenks1545 4 in Business & Finance ➔ Personal Finance
What you want to do is a zero based budget. You want to spend all of your paycheck each month before you get it.
Step 1. Find out how money money you bring in monthly. (I am guessing that you are on salary and you bring home the same amount each month.
Step 2: Write out all your expenses. For example. Rent/house payment. car payment. power bill, phone bill, TV bill, water bill, trash bill, health insurance, gas for your car, any payments on your debt (credit car, student loan, personal loan,) grocery's, dinning out, and others. Savings
Step 3. See where your problems are coming from. You might find out that you bring home $3,000 a month but you spend $4,000. That's a problem. This will help you see where the problems are.
Step 4: spend your whole paycheck on paper before the month starts. Then as the month goes on keep up with each area and make sure you don't go over. If you do you will spend more then you have.
The first month or two you do this you will be off but once you start to see where your money is going it will really help.
2007-03-11 13:36:30 · answer #1 · answered by remanagermark 3 · 0⤊ 1⤋
I personally look after my family budget and all spending items need to be accounted for so that at any point in time you know where you are. Requires discipline but that's the only way.
To help you with budgeting I'd recommend a personal finance software by Australian business Parcus Group.
Easy to use program with features including budgeting, financial planning, real estate analysis, shares valuation, life insurance...
Costs US$24 so it's not a huge investment but a good value for money.
You can get it on http://www.parcusgroup.com/index.html
Regards
2007-03-12 20:48:17 · answer #2 · answered by Finance_Expert 2 · 0⤊ 0⤋
I use an excel worksheet. It has my budget by month and year on one page. It's real easy to use/change.
If you'd like a copy, just email me!
2007-03-12 11:20:56 · answer #3 · answered by boo's mom 6 · 0⤊ 0⤋
There was some sort of site, but i forgot it.
budgets really do work, and if you can get a 50-60,000 dollar a year budget, then you're a-okay.
2007-03-11 20:11:55 · answer #4 · answered by Russly F 3 · 0⤊ 1⤋