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09 May 2007 @ 11:47 pm
Money and where it goes...  
Budgets are very, very hard to stick to.

I wonder if it would be easier if I made a stricter one? Right now I have general standards set in place, like "Don't spend as much money on mall food, no clothing purchases in this pay cycle, car repairs at about $40 are due, gas is about $35 to fill the tank, 10% of check to savings, 10% of check is tithed, etc." but maybe I need to do concrete dollar amounts?

How do you go about managing your money, and how is it working for you?


I also cleaned out my bookshelf today, and managed to take around thirty novels off my "to be read" heap. They no longer interested me as much as they had before, or I figured it'd be easier to get another copy later if I still wanted to read it. None of them are valuable, so no point trying to convert them to cash, I am thinking.
Just Me!xhappyx on May 10th, 2007 03:47 pm (UTC)
Pay yourself first! Meaning... Put say $100 in to savings and then pay yourself $50 for mad money for the month right off the top! Then from that pay all of your bills and get groceries, etc. If there is money left after that you can either put it all in to savings or split it and play with half and the other half going in to savings.

The mad money is for buying crap and spending on stuff that is insignificant (i.e. starbucks, lunches, etc). If you limit yourself to just a smaller amount for the month then you will be forced to pack lunches.

At dinner always cook a little too much and the leftovers can be packed at dinner time for the next days lunch. That way it is ready to go and sitting in the fridge for the next day and you can grab it on your way out the door.

(note: the numbers I gave you are just for an example only. You have to determine the amounts according to your paycheck)
kerokerotab on May 10th, 2007 03:53 pm (UTC)
you'd think I'd be the one to help you with money issues, but lately, I think I'm probably worse off than you. =(

I've tried putting every other paycheck (in full) to savings. I ended up transfering those funds back to checking to pay off bills.

I've tried paying cash or debit for small things like food instead of charging it on credit. my bills weren't really going down.

The only good thing with money that I've done was pay off one credit card. Instead of 2, I only have 1 now. But that one card has a huge bill thanks to my new laptop.
oilofjoyoilofjoy on May 10th, 2007 04:38 pm (UTC)
After paying off my credit cards, school & my chiropractor [each has been one at a time, but in full]... I am just now on the road to a better plan for managing my money, at least I hope so.

The paycheck on the 1st going to rent and gas.
The paycheck in the middle of the month goes to bills, etc.

How I "budget" it all is in this order:
-rent first
-bills next
-groceries & gas third
-a % will go towards spending [a very small %]

I know savings is last. It really needs to be top priority I'm sure, because it never has been. It really can’t with living on my own. I have to meet other deadlines first. This is where my down fall is, saving I mean. I'm correcting it NOW though. I'm going to put a set amount into savings every middle paycheck, and hopefully I can start on a road to better money management.


jeanniejeannietran on May 10th, 2007 05:30 pm (UTC)
you could always try this foolproof method: find a boyfriend with a good job who pays for everything and drives you places.
Suzi: makaiju - and you thought you'd get it gk00kaburra on May 10th, 2007 06:14 pm (UTC)
That is my favorite method. Hmmm.
Now, how to find one of those..?
jeanniejeannietran on May 11th, 2007 05:44 am (UTC)
at this point, your guess is as good as mine.
whimsicalbeauwhimsicalbeau on May 11th, 2007 10:18 pm (UTC)
No looking for other boys! That's tottally against the rules!
And I DO drive you everywhere, and I spend way more money on you without thinking about it then I guy with my income really ought to.
(When was the last time you asked me to bring you somethiing home that I refused, eh? EH?)

You could always use my budget method:

Don't spend ANYTHING if you can avoid it.
jeanniejeannietran on May 12th, 2007 01:41 am (UTC)
Re: HEY!
haha... whoops. i meant, count your lucky stars that your current beau is as wonderful as he is and realise you have everything you need so there's no point in making meaningless purchases...