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Questions tagged [budget]

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

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5 votes
4 answers
195 views

Multi-Account Budgeting Tools/Accounts/Services

Every time I get paid, I take some of the money and allocate it for certain uses. I track this in a spreadsheet. This works fine, but it's not what I want in the end. Basically, I think what I want is ...
0 votes
0 answers
40 views

Do any Belgian banks offer "virtual" accounts/cards/investment systems/funds where I can put aside money for purchase budgeting?

In order to be fiscally responsible, I would like to put aside a number of small distinct amounts of my monthly salary for specific types of purchases. For example, currently I do my PC games ...
-1 votes
1 answer
286 views

Is Tiller a trustworthy for tracking personal finance & budgeting?

I want to track my personal transactions with spreadsheets and do budgeting there. I came across https://www.tillerhq.com, which seems to solve that perfectly. I want to be smart about who I expose my ...
4 votes
1 answer
547 views

Gnucash budget report not adding subaccounts

I have problems budgetting for accounts that contain subaccounts. Gnucash does not seem to want to add the actual values in the subaccount, to get the correct value for the parentaccount, but in stead ...
0 votes
2 answers
106 views

Is it possible to impose a rolling window budget on cards?

I use credit cards for most of my spending. My issuer allows me to create "additional cards", which can have a spending limit (can be changed more easily and quickly than credit limit). I ...
-1 votes
1 answer
118 views

Is GAAP useful for personal budgeting?

From analyzing securities, I am broadly familiar with GAAP. I'm not an accountant, if you threw a bunch of bank statements from a large company at me, I couldn't compose a GAAP-compliant annual report....
-6 votes
1 answer
142 views

How can I effectively track my expenses? [closed]

How can I effectively track my expenses?
15 votes
5 answers
4k views

What professional should I seek out to get financial advice on how to make ends meet with my current budget, expenses, and retirement accounts?

What professional should I seek out to get financial advice on how to make ends meet with my current budget, expenses, and retirement accounts? My situation is that life is hitting us hard and fast: ...
4 votes
1 answer
4k views

Get reports on spending from Amazon?

Supposedly I can get a report on my spending on Amazon. For example, this web page describes going to Orders & Lists / Preferences / Reports, but when I go to the same place there is no option for ...
12 votes
13 answers
1k views

I can make a budget, but how can I get myself to consistently follow my budget?

I'm able to sit down and put together a budget. My problem is following it. After about a month of being strict, I lose sight of things, and get off the budget. It's then a couple of months later ...
1 vote
1 answer
932 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&...
10 votes
5 answers
4k views

In the envelope system, how often do I "clear" my envelopes?

I use digital envelope budgeting by creating subaccounts in gnucash and allocating my income between the subaccounts every month. Some expenses are relatively constant every month. Examples are ...
0 votes
1 answer
316 views

In a budget do you account for expenses of last month in current month?

If I recieve june's paycheck by june 30th Ill be using that paycheck through out the month of july. In a budget then, should I add june income and july expenses in the same column? thanks
1 vote
3 answers
2k views

How to budget or gain control of daily spending if suffering from OCD (Obsessive-Compulsive Disorder)?

I want to get better at saving money as I am a spendthrift. I am not always able to control myself since I suffer from Obsessive Compulsive Disorder (OCD). I am not able to spend money wisely since ...
8 votes
2 answers
1k views

How to use a cash budget and buy items online?

Using a cash budget, say we save $100 for household items. Typically, we would withdraw $100 from the ATM, put it in an envelope, and then later, go to home depot or walmart or wherever and buy an ...
18 votes
8 answers
6k views

What are some possible reasons that a heating oil rep would be anticipating oil prices falling?

We are planning on prebuying heating oil this year to avoid high costs if the price rises over the winter. We can buy now, or wait until fall. The person I spoke to over the phone said she would ...
5 votes
5 answers
6k views

In a Budget is Saving Considered an Expense?

I created a personal budget with a savings section but I'm not sure if it is considered an expense. Is it an expense, and how do I account for it? Thank you all for your great insights. I decided its ...
95 votes
15 answers
35k views

Spouse wants to pay all debt in a month but I don’t. Is this a good idea?

Between both of our student loans and car loan, we are in the hole about $48,000. My spouse is adamant about paying off all debt in the next month or two since we currently have about $55,000 in the ...
0 votes
1 answer
159 views

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'...
0 votes
1 answer
72 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 ...
0 votes
2 answers
171 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 ...
3 votes
1 answer
123 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: ...
1 vote
1 answer
228 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 ...
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 ...
6 votes
1 answer
636 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 ...
1 vote
3 answers
159 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 ...
2 votes
2 answers
165 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 ...
0 votes
2 answers
178 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 ...
1 vote
1 answer
138 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 ...
1 vote
1 answer
137 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 ...
50 votes
8 answers
17k 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. ...
97 votes
9 answers
21k views

Do people tend to spend less when using cash than credit cards?

I know this is a popular theory on this site and finance blogs/media in general, but I'd like to know if there is any reliable research on the subject. I can share personal experience that makes me ...
-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.
0 votes
1 answer
78 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 ...
22 votes
11 answers
8k 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 ...
2 votes
3 answers
148 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 ...
-4 votes
1 answer
118 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-...
1 vote
1 answer
106 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 ...
-1 votes
2 answers
173 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.&...
0 votes
1 answer
71 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 ...
1 vote
1 answer
372 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 ...
2 votes
1 answer
194 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.
1 vote
2 answers
141 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 ...
8 votes
2 answers
357 views

How to estimate income tax rate for making a budget?

I am currently applying for jobs in a variety of U.S. cities, and I'm trying to estimate what my net monthly salary will be based on different gross yearly salaries. I have a draft budget in a ...
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 ...
3 votes
2 answers
501 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 ...
4 votes
3 answers
511 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 ...
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 ...
1 vote
1 answer
952 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/...
16 votes
6 answers
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 ...

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