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

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0
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2answers
99 views

Healthy money saving tips for a young person [on hold]

I'm 19 and I always spend my money on stuff I don't need and I'm trying to save enough money to build a tiny house in the next two years. Any advice on how to save up about $10,000 and stay ...
4
votes
1answer
53 views

How do I budget for bike maintenance?

Bike commuting comes with plenty of surprise costs, from flat tires to bike theft. Would an experienced personal financier figure out a 'safe' amount of money to put in a savings account for the ...
3
votes
2answers
63 views

Got a budget for grad school with some extra cash. Add it to my portfolio, or use it for grad school?

This year I’ve maxed out my Roth IRA (with employer matching): https://hellomoney.co/portfolio/6bad58-roth-and-401k Aside from that, I’ve got $17k in a checking account that up until now I haven’t ...
3
votes
3answers
87 views

Budget for an Internship in NYC?

I will move in NYC in the next months as an Intern for 6 months. I will earn 1800$/month (I assume before taxes), work in Jersey City and want to live in Manhattan or Brooklyn with roommates. I have ...
0
votes
3answers
161 views

Is a 401k contribution fair game for cost cutting? [closed]

2016 is almost here, and with it, unavoidable increases in health care costs and other expenses. A budget that was balanced in 2015 might now be out of balance and costs have to be cut somewhere. Is ...
0
votes
2answers
62 views

minimize personal property coverage on homeowners insurance

This month, my homeowners insurance is due for renewal. I noticed that the personal property coverage is beyond $100k, which exceeds my needs by at least two orders of magnitude. Honestly, my personal ...
7
votes
5answers
1k views

How much of my spendable income should I set aside for travel and tourism?

Some indications about my income and expenditure patterns may be in order. I save more than 50% of my salary and I earn about 5 times the minimum wage in my country. I am in my early forties. I am ...
4
votes
4answers
210 views

How can I help my friend change his saving habits?

My housemate is looking to take a trip next year and so for the first time in a while he's actively trying to save some money. He is employed, doesn't have any debts, and even has a bit of savings in ...
2
votes
2answers
136 views

Best personal finance strategy to control my balance

I would like to get some insight inside my balance. It's not too complicated: I have very few sources of incomes, very few accounts, nearly no portfolio, etc. Yet it looks like I manage to save much ...
1
vote
4answers
161 views

Is this a realistic plan for living on a weekly paycheck?

I recently started a job which pays weekly and I'm not use to it because all my jobs until now were all monthly. With all my bills predominately coming out as monthly direct debits (though I have a ...
1
vote
1answer
70 views

How to budget for monthly bills on weekly pay and “Continental” shift pattern with varied hour rate? [duplicate]

I'm about to start a temporary job with a pay arrangement I'm not used to - I'm used to monthly. It's weekly pay and after training, I will be switching to what the company describes as a Continental ...
2
votes
2answers
183 views

Using multiple bank accounts

One thing I've always struggled with finance-wise is how to manage higher-level budget categories across a limited number of accounts. For instance, I currently maintain the following types of ...
10
votes
6answers
2k views

Does my net paycheck decrease as the year goes on due to tax brackets filling up?

I am trying to budget my money for the next few months to save up money to move out. In a month, my taxable wages for the year will have crossed the bracket from 15% - sub $37450, into the 25% ...
2
votes
1answer
85 views

What should be involved in a monthly family budget meeting?

My nephew just got married. I gave him my usual advice to use a monthly budget. He admitted that he's tried to keep a budget before, but he hasn't ever succeeded in forming a long-term habit of ...
5
votes
1answer
95 views

Should I do the volume discount even if it will strain my short-term budget?

For simplicity let's say my monthly food budget is $500. My university has a plan where if you buy $400 worth of 'university currency' you get another $100 free. If I were to do that, I would save ...
2
votes
2answers
148 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
5k 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
143 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 ...
9
votes
3answers
1k 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
128 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
175 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
161 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
145 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 ...
11
votes
2answers
874 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
276 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. ...
0
votes
2answers
89 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
157 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 ...
62
votes
15answers
11k 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
293 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
90 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
824 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
129 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 ...
19
votes
4answers
4k views

Should my rainy day fund be fixed or should I increase it by a little every month?

I've just started working and I'm building up several of my investments (mortgage preparation fund, general savings fund, rainy day fund, wedding fund). As for the mortgage, wedding fund, and general ...
5
votes
3answers
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
7answers
2k views

Digital envelope system: a modern take [closed]

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
1answer
126 views

what's the best option to save money on everyday expenses? [closed]

It's difficult to manage everyday expenses in this tight economy. How can I discover changes in daily spending habits that will yield the greatest results?
1
vote
2answers
154 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
443 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
185 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
158 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 ...
12
votes
5answers
5k 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 ...
14
votes
6answers
2k views

What do I need to know before getting a loan?

Recently, due to a series of events, I've been finding myself... uncomfortable with my financial situation. I'm not in debt, but my account balance did drop into the low three-digit figures a couple ...
0
votes
1answer
127 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: Every month, I am allowed to spend $32 on ...
6
votes
2answers
251 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
386 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
345 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
114 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
173 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
330 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
42 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 ...