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

learn more… | top users | synonyms

2
votes
0answers
72 views

Double entry book keeping for hardcore personal finance [closed]

I'm looking for some experienced feedback with double entry book keeping software that can be tuned for personal finances. I'm not sure if I'm a rare breed, but I like to know my worth at all times ...
5
votes
2answers
239 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, ...
3
votes
4answers
141 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
118 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
365 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
109 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
100 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 ...
10
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
94 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 ...
5
votes
2answers
206 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
200 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
299 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
57 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
112 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
178 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
36 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 ...
3
votes
1answer
136 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
5k 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
57 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 ? ...
5
votes
2answers
232 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
295 views

Good expense tracking and budgeting application for India

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
86 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
144 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
764 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
257 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
688 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
1answer
239 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
246 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 ...
1
vote
3answers
542 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, ...
0
votes
1answer
71 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
124 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 ...
5
votes
1answer
177 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 approximately): take in ...
11
votes
3answers
541 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
115 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 ...
5
votes
3answers
474 views

What are the primary expenses I should account for in my budget upon college graduation?

I'm 22 and about to graduate from college in Chicago, Illinois with a bachelor's degree in a few months, and I'm creating a detailed budget based on my anticipated expenses. After significantly ...
4
votes
1answer
483 views

How can I come up with a good personal (daily) budget?

I've read a bunch of posts about how to create a portfolio, investments when starting out on your career. I know that a lot (almost everyone) goes through the same kind of things that I'm going ...
1
vote
2answers
153 views

Budget planning for students

I hope this question is a good fit for the site. So, I have just been accepted at a university (UK) and being 18 I don't have much experience planning budgets and certainly not for anything longer ...
4
votes
2answers
694 views

How much should I spend on my expenses such as housing, groceries, entertainment, ect?

This is more of a hypothetical question I have been curious about. I am looking for a general answer for the average person not a specific answer tailored to my exact situation. So I will not be ...
11
votes
7answers
365 views

Are my monthly commited expenses out of whack?

Okay, my wife and I struggle with our finances and we are trying to get them in order. My net pay is approx $1300 every two weeks (my wife does not work) That is after health insurance premiums ...
3
votes
2answers
233 views

When using a zero-based budget, how do I account for money already in my bank account?

We are transitioning to a zero-based budget. My question is, how do we account for the money we currently have in our bank account? We haven't been a super-strict budget and I think this "pad money" ...
7
votes
3answers
854 views

Are savings counted as part of expenses in a personal budget?

When I budget for me, I usually count savings part of the expenses. Is it the correct way to do it? Because of this, when I look at my budget at the end of the month, it feels like my expenses are a ...
8
votes
2answers
251 views

Should I do my budgeting in dollars?

I'm from India and earn in Indian Rupees. Should I do the math on my finances in USD? The reason I ask this question is because INR lost value recently - quite a bit. So, for example, would it be ...
4
votes
2answers
872 views

Should I keep online bill-pay confirmation numbers?

I pay some bills/credit cards via website or over-the-phone payment systems. These systems give you a confirmation number/reference number. Is there a point to recording these confirmation numbers? ...
12
votes
4answers
971 views

Can someone help me understand my student loans?

I have more loans than these but I am wondering how to handle these three (all with the same bank): 3%, last payment ~$36, current balance $6153, original amount $5500, payoff balance $6170 2.5%, ...
1
vote
1answer
190 views

Governments Debt/GDP and Budget (deficit/surplus), how to read the figures to decide what bonds to buy?

After searching for hours on Google I found these two great tables (theya are also sortable): list of Government Debt to GDP ratio list of Government budget (I took hours to find this because I ...
1
vote
1answer
880 views

Is a budget comprised of expenses, and/or revenue?

From the book website for Economics Principles in Action by O'sullivan:: States have two budgets: an operating budget and a capital budget. But from Wikipedia: A budget is generally a list ...
2
votes
3answers
224 views

What software do you recommend for Creating a To-The-Penny, To-The-Day Budget?

Most personal budgeting advice seems to be close but not exact. Budgeting tends to be monthly. Transactions are often bi-weekly, every 30 days, every three months. If paid bi-weekly, some months ...
17
votes
2answers
860 views

Multi-user, non-US personal finance and budget software

Hija, I realize that there are any number of these questions on here. I didn't manage to find one that related to my specific situation, however. First, I am outside mint.com territory. Second, I ...
4
votes
5answers
251 views

Repaying Debt and Saving - Difficult Situation

I apologize ahead of time if this is too simple a matter for this Stack Exchange. My mother has been in a sticky financial situation for a while now, and I was hoping to get a little bit of help, and ...
2
votes
1answer
94 views

Open budgets in open data

I heard about the idea of open data which aim is to provide various data from governments. Will data about the government budget (money gained mostly from taxpayers), finances, spendings be available ...