Questions tagged [budget]

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

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How to keep track of my total liquid capitals

I want to buy a house, so I need to know how much money + stocks I have. I have three "savings": my bank account, a deposit account and some company stocks (I also have some RSU, but I haven'...
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  • 717
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0 answers
32 views

On Mint.com, can I export the "broader" category with my transactions?

Mint categorizes expenses in two ways: in a broad category (such as "Food & Dining" or "Health & Fitness") and a narrow category (such as "Groceries" or "Gym&...
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0 votes
1 answer
62 views

What is an acceptable daily expenditure budget for Melbourne Australia? [closed]

this is a very generalist question and I understand will have lot of variables at play. However, I'll try my best to make it as specific as I can. I'm after an acceptable everyday living expenses ...
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  • 23
0 votes
2 answers
108 views

Self imposed spening limit on a credit card account

I want to impose limit on my Amex account where I have 4 cards atm. That is let's say I want limit to be 5000 USD per month and when any card will spend 4000 USD than none of the cards should be ...
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  • 103
3 votes
1 answer
106 views

What expenses should I plan for when considering move to the USA from Europe?

I'm considering a move from Europe to the USA - but I somewhat struggle to compare salaries because of some big differences in living costs. So far when trying to budget life in the USA I got this: ...
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1 vote
1 answer
68 views

Adding an Expense subaccount in a budget in Gnucash

I am learning Gnucash to do my household finances. You can easily add subaccounts to a parent account in Gnucash, but I can't figure out how to do it in a budget. When you create a new budget, it has ...
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6 votes
3 answers
3k views

Promotion will leave me with a spare $25k. What should I put this towards?

I'm 20, about to graduate college, and have accepted a promotion at my current job that after taxes will leave me with about $25,000 not allocated to anything. I am already putting aside 15% of my ...
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6 votes
1 answer
592 views

It's official - I've paid off my student loans. Now what?

I paid it off. (Before you congratulate me, I'd like to remind you that I imagine this must be how it feels getting released from prison.) But now there's $1100/month that I was paying toward that ...
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  • 198
2 votes
2 answers
149 views

Is there a standard for the "transaction type"?

After designing and using my personal bookkeeping system for quite some time, I realized that it lacks one column: what "type" of transaction it is. I have made it a smallint called type ...
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  • 37
0 votes
2 answers
169 views

How do I assign dollar value to different life activities like vacation, health so I can prioritize them [closed]

Most of us think in terms of what's profitable to use and what's not. It's easy to apply to business related expenses because you know how much money it will bring you back. But there are other things ...
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  • 103
0 votes
1 answer
94 views

When budgeting how do you take into account that some income is bi-weekly yet some expenses are on a specific day of the month?

I'm tackling a problem with budgeting in that I'm unsure if I should be making a budget from my weekly/monthly/yearly expenses and income. My income is paid bi-weekly on Friday but I have rent and ...
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0 votes
1 answer
75 views

How do I budget with cash surplus spending in mind? [closed]

I'm setting up a budget for my small business. We have been accumulating cash, but have not been budgeting up to this point, so are trying to get everything in order. I've created a conservative ...
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22 votes
11 answers
7k views

What is the purpose of budgeting if all I need to do is look at my bank/credit card statement?

I have read over Reddit's wiki on budgeting. I rarely pay with cash so I already have a record of transactions I made with payment cards. My pay stubs are e-mailed to me. So what's the point of ...
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  • 1,109
2 votes
3 answers
141 views

Optimizing Savings Allocations

I am currently trying to decide the best way to allocate my savings, and I would appreciate your input. I am trying to budget roughly based on the idea of using 50% of my post tax income for ...
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-4 votes
1 answer
111 views

Why is mandatory vehicle test and vehicle lifetime a part of the union budget? [closed]

Why is the vehicle test and vehicle lifetime included here. What has the vehicle to do with the Union Budget? https://thedailyguardian.com/union-budget-2021-voluntary-vehicle-scrapping-policy-and-its-...
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-1 votes
2 answers
157 views

A doubt in definition of banks

"Banking means accepting money for the purpose of lending or investment,of deposits of money from the public,repayable on demand or otherwise,and withdraw able by cheque,draft,order or otherwise.&...
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0 votes
1 answer
64 views

What is this index all about? [closed]

Why did this index touch so high when our finance minister annouce the privatisation of 2 PSBs and one insurance bank?A detailed answer to this will be most welcome. She did not name any but why would ...
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1 vote
1 answer
98 views

What is the meaning of the phrase "National Asset Monetisation Pipeline"?

Tabling the Union Budget for 2021-22, Ms. Sitharaman said: Monetising operating public infrastructure assets is a very important financing option for new infrastructure construction. This has been ...
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2 votes
1 answer
174 views

What does this mean,"Reinvigorating Human Capital"?

This was one of the six pillars of the Union Budget for the year 2021 for my country.It would be great if someone can explain me this.
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1 vote
2 answers
123 views

Feedback on ways to stick to a budget

Earlier this week I made a conscious decision to only spend $50 per month on Amazon to cut back on unnecessary spending. I was thinking a way to achieve this would be to just add crap to the shopping ...
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13 votes
4 answers
2k views

How can I budget a 'conditional reimbursement'?

To start off, I don't know the correct term for this situation, which limits my research options. I have looked for 'conditional loan', 'conditional reimbursement' and such, but none of the results ...
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4 votes
3 answers
499 views

Do card bonuses lead to increased discretionary spending compared to more basic cards?

Some credit cards offer bonuses on spending in particular categories, such as cashback bonuses or "free" upgrades. These credit cards tend to come with an annual fee. A consumer may ...
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15 votes
11 answers
2k views

How should I save for a down payment on a house while also maxing out my retirement savings? Is that not feasible at my income level?

I see questions and answers like this one that make a very good point: Keep in mind it is easy to get a loan for a car, or for a house, or to pay for college; but very hard to get a loan for your ...
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-4 votes
9 answers
1k views

Can I become financially free without budgeting? [closed]

I just learned about what a budget is and how to make one, however, I simply do not see myself doing one or even like doing it.. I feel it is simply not exciting.
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1 vote
1 answer
296 views

How to spend money from a Goal in Mint.com?

I have been using Mint.com to budget for a few months & am trying to figure out how to use the "Goals" feature correctly. When you finish saving for a goal, how can you tell the app/...
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  • 153
19 votes
7 answers
5k views

Can I hedge my household expenses using the financial markets?

Apparently farmers can hedge against high raw material prices and low crop prices by using financial instruments such as forwards and futures. Can I use financial instruments to similarly hedge my ...
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9 votes
7 answers
3k views

How much should retail investors spend on financial data subscriptions?

Retail investors can subscribe to financial data portals such as Morningstar Premium, Yahoo Finance Premium, Value Line, etc. Is there a general guideline on the maximum amount one should spend on ...
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0 votes
1 answer
111 views

Is $133 USD per month once critical living expenses are covered considered poverty-level living in the USA?

I have just finished programming a computer program which takes all my known, fixed incomes (sadly only one: welfare) and expenses (rent, food, medicine, basic Internet) for the last three months, ...
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0 votes
4 answers
383 views

Am I missing anything from this budget?

Background: My wife and I are thinking of purchasing a new home. The cost of the home (1.8M) maxes out our cash reserves, after taking into account the extra money required for moving and then ...
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1 vote
3 answers
143 views

What is a practical way of tracking expenditures?

The goal is to start tracking expenditures, create target limits for each category, and then try to keep to them. They only way progress can be made with this is if the expenditures are accurately ...
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2 votes
4 answers
421 views

Monthly budget - deferred expenses from savings vs Income? How to manage?

Background: My wife and I have put a monthly budget together using the Google Drive Budget Template. Pretty standard - Income section and Expenses section with rows allocated in each. It makes most ...
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0 votes
0 answers
44 views

Appartment Rent in a monthly budget [duplicate]

Good day; I'm making a Monthly budget to keep track of where I spend my paychecks. I stumbled upon the rent part; would that be considered a debt? Since it's basically something that I "accept" I'll ...
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  • 282
1 vote
1 answer
260 views

What's the double-entry bookkeeping method for tracking a Safe-to-Spend balance and amounts saved towards goals and expenses?

The bank Simple has three great features: Safe-to-Spend Goals Expenses The Safe-to-Spend balance is pretty simple: it's just the balance in your checking account minus the total amount set aside for ...
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33 votes
8 answers
10k views

Why do personal finance apps focus on outgoings rather than income

I am looking at using a money management app, rather than just my own Excel spreadsheet, for my personal finances. The way I've always thought about my money is "I have a fixed amount of income which ...
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4 votes
4 answers
396 views

how to budget for random annual expenses in a monthly budget

I have a solid monthly budget, but I'm noticing that every few months a significant expense is needed (car tabs/registration, identity protection service, precious metals account fee, a trip to see ...
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  • 423
20 votes
12 answers
10k views

How to manage expenditure when billing cycles and paycheck cycles are not aligned?

I get paid on the 15th and the last of the month and my husband will be getting paid weekly when he starts a new job after the one he has been working at for 25 years will be closing soon. How does ...
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1 vote
3 answers
198 views

Security risk of using a budgeting app connected to bank accounts

I've been tracking my budget the old way for a few years now by using Excel spreadsheets that have my checking account ledger and monthly expenses broken down to categories. But I have noticed more ...
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0 votes
1 answer
93 views

Search for budgeting app / web service handling automated sync and multiple currencies [closed]

I went trough quite a few budgeting web services / phone apps with the features below and could only found one (PocketSmith), but it suddenly stopped syncing EU banks. It would be great to have any ...
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  • 179
20 votes
10 answers
7k views

How to save money by shopping at a variety of grocery stores?

I am living close to a mall with several grocery stores. I would like to save money on the food I buy. I have tried using apps that show me the best prices, ads, and coupons from multiple stores, but ...
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  • 1,109
56 votes
20 answers
14k views

Are there any financial disadvantages to living significantly "below your means"?

By living "below" your means I'm asking about spending significantly less than you could, rather than living "within" your means which of course is sensible if you are able to do it! So for example: ...
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3 votes
4 answers
529 views

Using credit cards to implement budgeting when you don't have income

My spouse and I are between jobs right now as we are transitioning to new career situations. Our financial situation is stable and our prospects are good, but we will be without steady income for a ...
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  • 3,591
3 votes
4 answers
827 views

Strategies to earmark money for large expenses

Like most people, we have several large expenses that we only have to pay once or twice a year like homeowner's insurance, car/home repairs and improvements, and saving money for a vacation. What's a ...
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  • 1,736
79 votes
8 answers
24k views

Company stopped paying my salary. What are my options?

UPDATE 4: I'd be remiss if I didn't update this post with the outcome: I was able to recover about 1.5x lost wages (after employment attorney fees). The advice below I followed included: (1) finding ...
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  • 1,163
3 votes
2 answers
431 views

What are the different methods for budgeting?

I've always used the envelope method to budget. I know Mint uses a different method, but I'm not sure if it has a name or not. It could simply be a derivative of the envelope method. Wells Fargo's ...
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  • 518
3 votes
3 answers
288 views

How can I conveniently allocate small sums of money to budget for future expenses?

If I have $X in my checking account, and I know of upcoming purchases this month, such as, rent, groceries, a haircut, a new bicycle, a new pair of glasses, my gym membership, etc., is there an easy, ...
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43 votes
12 answers
19k views

How to manage monthly salary

I am a 22-y/o guy starting my first job. I am interested to know how I should manage my monthly expenses. Keeping in mind that I need to pay for my rented apartment, food, water, etc., save money for ...
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49 votes
8 answers
16k views

Paying off debt and living within means vs. long term planning

My husband and I are divided as to the best way to handle our current financial situation. First, a little background. We are in our high 20’s, have been married for six years and have three kids. ...
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  • 617
4 votes
3 answers
590 views

How to set up saving for items in GNUCash: Asset or Expense

Let's say I'm saving for a car and I would like to save X amount on a month to month basis, where would I generally put this?
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  • 41
0 votes
2 answers
665 views

Is it a good idea to invest in buy-to-let if rent does not cover mortgage payment?

Background: To benefit from current favourable interest rates in my region (France: ca. 1.5%pa fixed over 20 years), I am considering investing in a buy-to-let property. I consider that interest ...
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  • 1,083
3 votes
2 answers
5k views

Does it make sense to buy a house to live in for a few years then rent it out?

I'm currently looking to buy a house to live in for 2-3 years, and then rent it out. Most recommendations I see are to buy a house if owning for 5+ years, but I'm not sure how that advice applies if I'...
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