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Wednesday, January 07, 2009

Input welcome.

I'm trying to work out a sort of budgetary system for myself. I'm starting with the food budget first.

Any recommendations would be tops as I get my thoughts sorted out.

Thanks.

2 comments:

Awed Job said...

MissJecka just turned me on to Mint.com. If you are cool with having personal financial information on the intrawebs, then go for it.

PK and I use Quicken. Before that we used MS Money.

I recommend the book, "Richest Man in Babylon".

boo said...

I am not a total financial nightmare (close) and have been advised this way about food money:

Record for a week what you spend on food (or a month whatever) and then use that number as your budget. The logic being that you normally don't go overboard and the number you set will act as a limit.

When supporting two it worked very well and helped me to save each time. If I went under I could save the rest and if I ran into the limit it would be clear that I could no longer splurge on eating out etc. (Which we did not do.)

If you have an Aldi's or a Trader Joe's you can cut your costs quite a bit over the regular stores.