for questions that relate but are not limited to, budget planning, budgeting practices, budgeting software.

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2
votes
2answers
114 views

What's the best use for this money? Its only a small amount but can make a big difference to me

Around two years ago, after working and living in France for a year I came back to the UK and was £11,000 in debt due to 2 credit cards and an Apple loan for some computer equipment. On top of that, I ...
3
votes
3answers
652 views

Finding out actual items bought via credit card issuer and not the store receipt?

When one goes to the grocery store, one receives a receipt that lists all the items one has bought, with the name of the item and its amount. On my credit card statement (BoA), I only see a charge ...
0
votes
3answers
133 views

Acquiring first office clothes

I'm currently a student who will be starting out in a position where business attire is almost a given. The thing is that saving up for suits, a change of shirts and dress shoes seems very hard on the ...
8
votes
3answers
829 views

How do I efficiently add credit card expenses to my monthly budget?

I use a credit card for most of my purchases as I get to keep money in my account for a longer duration and that earns me extra interest. But I have been having a little difficulty to include the ...
2
votes
1answer
113 views

What are the running costs of owning a car, aside from fuel?

I'm getting a car later this year and saving up for it currently. However, as a first time car owner, I am not aware of the running costs of owning a car. Aside from fuel, what are the things that I ...
4
votes
2answers
128 views

What do I do with my extra money in grad school?

I am privileged to have started grad school debt-free and am now earning money as part of the program. I have saved enough money to cover my expenses for a month and a half in a fairly ...
2
votes
2answers
124 views

How do I determine how much I can afford for a car?

I make about $70k AUD per year before tax. I currently have $10k AUD on my car fund. What I did was put $500-700 per week on that account, depending on how much I spent on other wants/needs. Now, I ...
1
vote
4answers
123 views

Why does it seem unnecessary to fully save for irregular periodic expenses?

I have been trying to plan out a budget for the next 12 months, due to a goal to pay off a certain debt in that period of time, so every penny counts. However, I have run across an unusual and ...
9
votes
2answers
814 views

How to represent mortgage overpayments in household budget

I keep a household budget spreadsheet, one tab of which represents our savings. Some of our savings is in traditional savings vehicles (ISAs etc.), but some of it has been used to overpay the ...
3
votes
1answer
178 views

how do you verify your household budget?

I have a monthly household budget where I track income and expenses broken down by category. It's just an Excel spreadsheet where I enter the amounts from all receipts into the appropriate category. ...
-1
votes
2answers
81 views

Small windfall, luxury suggestions [closed]

My wife and I just made $50k more than expected on a real estate sale. We have paid off all debt (aside from a very low interest federal loan that will be forgiven in two years). We've got a decent ...
2
votes
1answer
124 views

Family Budget: How to avoid double counting spending pulled from short term savings?

My wife and I keep track of our budget on a spreadsheet. We save $200 dollars a month to spend on furniture. The money is transferred automatically into a savings account. We want this money to appear ...
59
votes
15answers
10k views

How to spend more? (AKA, how to avoid being a miser)

I was blessed growing up to have a father that greatly impressed upon me the need to save. I am very thankful for his influence, it has allowed me to make smart decisions with my money and I am ...
1
vote
3answers
254 views

Does this Budget Make Sense for a New Condo?

I’ve been obsessively reading for the past week or two about how much of your gross/net income to be spending on Mortgage/Insurance/Taxes/HOA. More conservative estimates were at 25% of your gross ...
3
votes
2answers
82 views

How do you enter details of spending in a department store?

I have been trying budgeting for the last few years but always get overwhelmed by the amount of work - whether using notebooks, spreadsheets or apps. The biggest problem is that there is confusion in ...
10
votes
2answers
774 views

How do I tell if I'm overspending on groceries?

I am wondering if I'm spending more than I could be on groceries. I get this impression because some of the individual items seem too expensive: I end up paying almost the cost of a full restaurant ...
4
votes
1answer
115 views

The formula equivalent of EBITDA for personal finance?

I am considering the idea of trying to run my household finance more like a business and I am looking for formulas to gauge household financial health. I am running into issues with EBITDA for ...
5
votes
2answers
2k views

How much cash on hand should one have?

The basic question is how much of my 'money' should I have on hand (ready to spend immediately) as opposed to putting it all in a high-yield (or at least inflation-fighting) investment? For instance, ...
4
votes
6answers
1k views

Digital envelope system: a modern take

Is anyone successfully using a digital form of the "envelope system"? I have some of the pieces, but have not figure out a complete process to automate. I am thinking of using a pre-paid debit cards ...
1
vote
2answers
140 views

Does working in finance firms improve a person's finance knowledge?

I would like to know whether it is possible to gain personal finance knowledge if a person works in a good finance firm where he comes across many financial models.
6
votes
3answers
428 views

Getting over that financial unease? Budgeting advice

I recently moved from Arizona to Oregon to take advantage of free schooling (which ironically enough, I originally moved from Oregon to Arizona because I wanted to go to college there). Before the ...
0
votes
2answers
166 views

What is the best budgeting app you can use in the UK without a PC, in the Apple ecosystem

I'm looking for a budgeting app for someone that very, very rarely touch their PC, but have an iPad and iPhone. I love YNAB ("You need a budget"), I think it'd fit their needs perfectly, but the ...
-3
votes
2answers
125 views

How to quantify quality of lifestyle (specifically, housing) [closed]

I am about to move and am looking for a place to live. I am having some issues determining which standard of living to go with. On one hand, I want to spend the least amount of money possible and on ...
11
votes
5answers
4k views

What percent of my salary should I retain?

Here is my situation: right now I am living in Puerto Rico, and I am planning to relocate to the mainland US (probably to Seattle, WA). Although Puerto Rico is a territory of the US, almost everything ...
0
votes
1answer
109 views

What is the term for a shared budget?

My girlfriend and I created an interesting budget but we have no idea what to call it other than "the budget". These are the rules we set for ourselves: 1 - every month, I am allowed to spend $32 on ...
6
votes
2answers
238 views

How to deal with variable income in the budget

We have a budget planned out for various categories, and in order to make ends meet we count on child support for my wife's child from a previous marriage. However, lately we have not been receiving ...
6
votes
1answer
274 views

My spouse and I can make a budget, but how can I get her to consistently follow it? [closed]

This question is similar to this question: I can make a budget, but how can I get myself to consistently follow my budget? except from the point of view of a married couple. In our family I earn the ...
6
votes
4answers
332 views

Weekly budgets based on (a variable) monthly budget

My brother is a musician and works on a project basis -- the company pays him in the end of month, based on the hours he was working on each project. He is young and he doesn't make that much on a ...
1
vote
2answers
87 views

How to make spreadsheet to plan loan payments

I am trying to make a budget/schedule for after college. Basically I have rows of income/expense line items (one being for payment of each debt) and then a section for my debts. The columns are month ...
1
vote
3answers
159 views

Saving money on the electric bill: What are some worthwhile ways to reduce consumption & costs?

What are some worthwhile ways to reduce household electrical power consumption & costs? Here are some of the actions I've taken so far: AC - turned thermostat to uncomfortable level Electric ...
1
vote
3answers
277 views

How to find cheaper alternatives to a traditional home telephone line?

I cancelled my home phone line last year after many years with POTS (Plain-Old-Telephone-Service), and I replaced my home phone with a VoIP service provider which provides a variety of services ...
0
votes
3answers
38 views

On what dates do the U.S. and Canada release their respective federal budgets?

What is the date on which the U.S. officially announces its budget? What is the date for Canada? I want to know the dates because I would like to go back to historical charts and see if the stock ...
4
votes
1answer
250 views

What percentage of my income/assets should I commit to vehicles?

The past few years have been rough financially (housing crisis and collapse in real estate prices). As a result I have been educating myself about personal finance (credit, debt, budgets, etc). I ...
6
votes
5answers
13k views

What percentage of my income should go towards expenses?

Graduated in May from school. Student loans are coming due here in January. Bought a new car recently. The added monthly expenses have me concerned that I am budgeting my money correctly. I currently ...
2
votes
1answer
67 views

In what category would I put a loan I took to pay an expense

If I have to pay my phone contract which is 1000 and I took a loan of 2000 with interest of 300 to pay that phone contract, in what category would you put the loan - an expense, an income or both ? ...
7
votes
2answers
350 views

What are some strategies to determine how much I should spend on rent when I have a lot of savings?

I'm fortunate enough to have saved a lot of money over the years, and have nothing specific that I'm saving for (it will be at least a few years before I start a family). This is great of course, but ...
1
vote
2answers
500 views

Good expense tracking and budgeting application for India [closed]

Could anyone recommend a good software application that I can use to keep track of my budget and expenses. Essentially at the end of every month, I find myself flabbergasted. Where did my money go? ...
2
votes
1answer
92 views

In a rising market, is it better to opt for a fixed energy tariff or not?

In the UK domestic energy prices are on the way up - according to this page from MoneySavingExpert, energy prices may rise between 50 to 100% over the next five years. He uses this as a reason to ...
6
votes
2answers
150 views

What is the role of expense tracking in the long term?

Exactly as the title says: what is the role of expense tracking in the long term? I can understand expense tracking being very beneficial in the short term if you've recently changed your lifestyle ...
2
votes
3answers
1k views

What is a normal amount of money to spend per week on food/entertainment/clothing?

What is a normal amount to budget for: Weekly entertainment and going out. Weekly food budget. Monthly clothing allowance. I have no idea, as I only have my mother's reckless spending (she ...
2
votes
3answers
427 views

Teaching school kids about money - what are the real life examples of math, budgeting, finance?

Yesterday when renting a car I was listening on the radio to a discussion about introducing classes about money for kids aged 11-14. Here is an article on that topic: Financial education to become ...
2
votes
2answers
896 views

In your 20s how much money should you have and how to properly use & manage it?

If you're in your younger days how much money should you be earning and be spending? Should you already invest for car, house or start your own business? What is the wisest decision should a person ...
5
votes
2answers
334 views

How to quickly track daily cash expenses that don't come with a receipt?

I'm an Italian student, and I'm trying to keep track of all my daily expenses, as well as my income. My biggest problem is logistical: I've no problem analyzing my expenses once I collect the data, ...
8
votes
3answers
349 views

Should I lease, buy new, or buy used?

I'm looking for an answer based on quality (they don't make 'em like they used to), price (are new cars even worth the $), and/or reliability/low maintenance (where leasing is attractive) which option ...
2
votes
3answers
907 views

Show liability payments with expenses?

In GnuCash Liabilities are separate from expenses, which makes sense. However, this makes it difficult to get a useful budget report or expenditure report since it does not include my largest outgo, ...
1
vote
1answer
79 views

Mortgage-based budget spreadsheets?

Got my first pre-approval on a mortgage loan, for an amount much larger than I thought I would. At first glance, it looks like more than my conservative mind would think is reasonable to spend on a ...
3
votes
3answers
135 views

Is there any “Personal” Finance app that allows 2 administrators?

I'm an advocate of marriage meaning together in everything. Sometimes even work. But i've had some trouble finding a "Personal" finance app that would allow me to make shared budgeting and allow ...
7
votes
2answers
246 views

Personal finance management: precise or approximately?

I've started my personal finance management a couple of weeks ago and I'm having a problem with monetary adjustments. I have three possible solutions (two precise and one approximate): take in ...
11
votes
3answers
627 views

Am I financially ready to move out with my boyfriend?

Background Information: I am 24 years old Graduated from University 2 years ago Currently working full time at a bank in downtown for the past 1 year Living at home with my parents My parents ...
2
votes
2answers
244 views

Organizing finances and assigning a number to each record type

I hope someone can help re-word my question... but I'm looking for a numeric or alphanumeric system to help me categorize income and expenses by type. I'm not interested in a system that separates ...