Thursday, January 9, 2014

Budgeting bust

Oh man.. I have some exciting things in the works to share with you guys! I can't wait to tell you all about them!

I talked a little bit about my resolutions for this year, but I left something out. I started budgeting even before we were married. We don't use any credit cards, and the only debt we have is student loans and our house- so we were on the right track to begin with. I've tried making monthly budgets ever since we've been married, but we just don't stick to it. I haven't paid as much off on loans as I've wanted to, and we keep spending money in areas we shouldn't. SO. I decided to do an envelope budgeting system!

I started off with Dave Ramsey's envelope system. To start out the new year I planned for the entire month of January. I divided up our money into different envelopes, and that is the ONLY money we can spend for the month. As soon as I spend any money from that envelope, I track how much I spent, and how much is left. When it's gone, it's gone. No more using our debit cards for everything.
 
 This has worked really well except for three things. 1. I have all the grocery money, and sometimes I ask Drew to stop and grab an ingredient I forgot for dinner. 2. The envelopes are already ripping. 3. I have change and cannot put them in the paper envelopes. I have a solution for number 2 &3 (Coming soon!!) but I'm still not sure to do about the first problem. I don't really want to split the money between us, since it's only once or twice a month I ask him to do this. Maybe I should just keep out $10 or so a month for him to keep in case something like this happens.
Do you budget? What do you suggest?



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