Home Budgeting

Discussion in 'Off-Topic' started by helechopper, Jan 19, 2020.

  1. helechopper

    helechopper Well-Known Member

    Apr 8, 2006
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    My wife and I have come to the point where we’ve accomplished all of our larger financial goals (mainly having a kid and buying a house) and now it’s time to focus on saving more $. I want to get into the minutia of where our money really goes so…


    What app/program/website/ back-of-an-envelope do you fellow Fanatics use to budget your home finances?
     
  2. KCClone1

    KCClone1 Active Member

    Feb 28, 2010
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    IMO you can’t beat a spreadsheet. Track every penny and put them in categories. Food, groceries, entertainment, etc.
     
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  3. Trice

    Trice Well-Known Member

    Apr 1, 2010
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    Agreed. Started a thread about this topic some time ago.
    https://cyclonefanatic.com/forum/threads/anyone-manage-their-personal-finances-by-spreadsheet.248115/

    If you prefer Google Docs, there's a company that has a bunch of spreadsheet templates that connect to your accounts, so you get the benefit of automation with the "hands on" abilities of a spreadsheet. I haven't used it myself but they're very well regarded. Cost is $60/year.
    https://www.tillerhq.com/
     
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  4. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Best to do it old school. If you write it or type it each time you will learn to hate spending extra money and it allows you to zero in on your needs and wants.
     
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  5. madguy30

    madguy30 Well-Known Member

    Nov 15, 2011
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    Not in the same situation but for the spending part, I've found that taking out X amount of cash every week and that's all I get. Definitely helps at least hone in on needs.

    Take a limited amount of cash into the grocery store and extra unnecessary stuff doesn't make it into the basket/cart.
     
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  6. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    When I was single I would take out X amount and that was all I would allow myself. If I blew it Friday, I sat at home on Saturday and watched TV.
     
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  7. ClonesFTW

    ClonesFTW Well-Known Member
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    Nov 13, 2013
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    This. Do a google doc and download the app on your phone so you can immediately plug in what you just spent. This was a huge eye-opener for how much I was spending on food when I originally did this years ago.
     
  8. baller21

    baller21 Well-Known Member

    Mar 15, 2009
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    So the trick was to find someone to “watch tv with” on Saturday.
     
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  9. CycloneDaddy

    CycloneDaddy Well-Known Member

    Sep 24, 2006
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    She aint messin with no broke ....
     
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  10. Cyched

    Cyched Minister of Culture
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    May 8, 2009
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    A trifling friend indeed
     
  11. allday4cy

    allday4cy Active Member

    Feb 25, 2012
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    Every Dollar app
     
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  12. cyfan21

    cyfan21 Active Member

    Aug 24, 2010
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    Mint by intuit QuickBooks is what I started using. It’s free and you can link you banking and credit cards to it as well and not have to enter in every expense and line item.
     
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  13. madguy30

    madguy30 Well-Known Member

    Nov 15, 2011
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    I think people should do this or similar no matter their status.

    I know plenty of married people that spend lots of money on things that are completely unneeded.
     
  14. BCClone

    BCClone Well-Known Member

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    My thoughts are, if you can afford it, then do what you want. If you pay your bills and doing things legally, go head and blow $1000 on a boatload of lap dances if that is what you want.
     
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  15. Gunnerclone

    Gunnerclone Well-Known Member

    Jul 16, 2010
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    This is where I’m at right now and when my kid is out of daycare in 18 months my lap dance budget is going WAY up. I even recently downgraded my whip because I wanted a truck so I’m rolling in extra cash right now but that no daycare infusion is going to feel like winning the lottery.
     
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  16. madguy30

    madguy30 Well-Known Member

    Nov 15, 2011
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    Yeah, I get that and people can do what they want.

    I guess I'm leaning toward those that say they don't have any money in their savings so they can't afford to do some things, but go out often, eat out multiple times a week etc.
     
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  17. Cyched

    Cyched Minister of Culture
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    :D
     
  18. madguy30

    madguy30 Well-Known Member

    Nov 15, 2011
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    Food, dude.

    But hey, this is America.
     
  19. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Agree. Many people complain they can’t save anything but actually they can it’s just they chose not to by buying lunch every day or not watching their money. My wife used to get her hair cut (or whatever she had done) every two weeks. I explained that hair grows 1/2 to 1 inch a month. So by going every three weeks there would be about an 1/8 of an inch difference but cut out about 9 sessions. At 30 bucks a session, that is $270 over a year. Do this type of stuff a few times and you have a grand in your pocket and a basic vacation paid for every third year.

    Btw, I get 3 maybe 4 haircuts a year. So I’m way different.
     
  20. CyArob

    CyArob Designator Of Dumb
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    Apr 22, 2011
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    I'm trying a new thing in 2020 where I do no budgeting. Just keep an eye on the first digit in my bank account but no other worrying about the almighty dollar. Expected results are more happiness and more blow.
     
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