What kind of budget do you think is the best for a newbie?

Answer 1

Good question.
You should write a very simple budget.
First list your total income for the month at the top of the page.
Now list all of your expenses by date.
You should always bump up your weeks such as the first week of the month, pay the bills that are due the 2nd week.
In the 2nd week, pay the bills due in the 3rd week.
In the 3rd week pay the bills due at the end of the month.
In the 4th week, pay the bills due the first week of the next month.
If you follow this procedure, you will always be a week ahead of your bills and won't have to worry about being late.
Oh yeah, if you have a fifth week of pay, put it in the bank.
Always base your budget on four weeks, so that you will have extra money on the 5th week months.

Good luck and congratulations on taking your first step towards becoming a responsible adult with a plan for your money.........tell your money what to do, don't let your money tell you what to do!

Answer 2

Plain paper. Write your monthly income on the top of a sheet of paper. Next list your expenses in order of priority. Subtract each item from the total. You should have $0.00 at the bottom of the page. WHEN the budget needs adjusted, you MOST go back and change the paper BEFORE you spend a penny for anything outside the budget.

Answer 3

Make it as simple as possible. On the plus side write down all your income for the month. On the negative side write down all your necessary expenses, like rent/mortgage, regular bills, all the things you have to pay every month. What's left over is what you get to spend for groceries, clothes, entertainment, etc. Keep track of what you spend so you know where the money is going.

Answer 4

The one you can keep.
10 % Tithe (if you believe in that)
10% to emergency savings (save 3 months worth of expenses, then roll it over into investment savings, fairly liquid)
10% to debt reduction
the rest to houseing, bills, entertainment.
Keep that, and you'll be fine.