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.
Wednesday, January 07, 2009
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2 comments:
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".
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.
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