Whats the best way to budget?
I have been using YouNeedABudget and it's just not working for me. At all. Does anyone know of a different app or way to budget? I would deeply appreciate it.
36-40, F
This page is a permanent link to the reply below and its nested replies. See all post replies »
whowasthatmaskedman · 70-79, M
These apps and sheets make it harder than it is,,
Here is the down and dirty, but idiot proof budget tool.FREE!!!!!
Divide your weekly income into three piles. 80% 10% and 10%
Direct the 2 lots of 10% into separate accounts, before you even see it if possible. Now, live on the 80%. No ifs, no buts , no credit cards. Cut out what you cant afford.
One of the 10% accounts is an emergency fund. (A new pair of shoes is NOT an emergency.. A broken fridge is, a busted TV is borderline.)
And the other account is saving and or investments.. I would stick with savings right now if I were you.
Is this easy? No.. But it will never get any simpler or cheaper.
Here is the down and dirty, but idiot proof budget tool.FREE!!!!!
Divide your weekly income into three piles. 80% 10% and 10%
Direct the 2 lots of 10% into separate accounts, before you even see it if possible. Now, live on the 80%. No ifs, no buts , no credit cards. Cut out what you cant afford.
One of the 10% accounts is an emergency fund. (A new pair of shoes is NOT an emergency.. A broken fridge is, a busted TV is borderline.)
And the other account is saving and or investments.. I would stick with savings right now if I were you.
Is this easy? No.. But it will never get any simpler or cheaper.
frequentlyme · 70-79, M
@whowasthatmaskedman Yep, especially if your routine expenses are not that extensive. And, like you said, savings is a must! A lack of savings (emergency) will always result in a busted budget.
darktippedrose · 36-40, F
whowasthatmaskedman · 70-79, M
I'm sure that's true.. But understand that the flexibility is in how you live and what you choose to live without. Spending more than you earn, year on year and looking for a way to rig the books is what made America what made America what she is today...Broke!.@darktippedrose