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Did you create a budget for 2010?

  1. Karina S. profile image60
    Karina S.posted 7 years ago

    Did you create a budget for 2010?

    1. profile image0
      loriamooreposted 7 years ago in reply to this

      Absolutely.

      We took Dave Ramsey's Financial Peace course a few years ago and stick with a budget each month for each category, such as groceries, eating out, insurance, clothes, etc.  It has really helped us track how we spend and keep ourselves in check.

      1. KeithTax profile image81
        KeithTaxposted 7 years ago in reply to this

        Loriamoore, I am a tax ELP for Dave Ramsey. Financial Peace is a great program. Stick with the program, it really works.

        1. Lily Rose profile image84
          Lily Roseposted 7 years ago in reply to this

          I have a budget which gets modified on occasion, but for the most part we stick to it because we have to.  I love numbercrunching and most anything to do with numbers, so I enjoy working on our personal finances.

          I actually recently purchased Dave Ramsey's "The Total Money Makeover" but haven't opened it yet - does anyone know if his Financial Peace program is discussed in it?

          BTW, what's a tax ELP?

      2. Karina S. profile image60
        Karina S.posted 7 years ago in reply to this

        Lori, how much do you save every month?

    2. profile image0
      Contriceposted 6 years ago in reply to this

      I did (because I would be in constant debt without one) However, my ultimate new years resolution was to make more money so that I would not need a budget (which is why I'm looking into online businesses)

  2. earnestshub profile image89
    earnestshubposted 7 years ago

    I have never run a budget on my personal life, ever. smile

    1. Karina S. profile image60
      Karina S.posted 7 years ago in reply to this

      why?

      1. earnestshub profile image89
        earnestshubposted 7 years ago in reply to this

        I do not like to live within the structure of anything much.
        I buy whatever I want to eat own the things I want to own and have sufficient to do so. I am not extravagant, careful with water and power, fuel etc., but for environmental reasons not budget constraints. If I want a bigger lifestyle I will need to make or spend more money. I have not worried about money for many many years. It is just a commodity to me.

    2. profile image0
      StormRyderposted 7 years ago in reply to this

      I'm with you on this... I'm forutnate to make enough money that I don't really have to budget, but I don't go out and spend just because I have it either...not often anyway.

  3. Jewels profile image82
    Jewelsposted 7 years ago

    What a great idea.  Lots of people are doing it real tough, it's good to know people are planning their finances.  If this was done 10 years ago instead of credit card misuse it may not be so hard to make ends meet.

    1. Karina S. profile image60
      Karina S.posted 7 years ago in reply to this

      I agree wth you, Jewels

  4. profile image0
    Ghost32posted 7 years ago

    Got sort of a budget in my head, not on paper (or in the computer). 

    Budget = 1. Get $.   2.  Spend $.   3.  Don't bounce any checks.

    That's it.

  5. profile image0
    mtsi1098posted 7 years ago

    I create a new budget every year based 2 years of actuals for my company and a more relaxed one for personal use

  6. wychic profile image79
    wychicposted 7 years ago

    Yes! But then, I always have...my entire life...except for the five years I was with my ex, because everyone in the house has to be willing to work within the budget and to communicate expenditures and such to the book keeper (that'd be me). He never did seem to get that if you don't manage your money it doesn't really matter how much you make, it'll never be enough. For some people, simply buying what they want and no more is enough money management, but for an entire family on a small income it HAS to be monitored. Now our budget is fairly modest, but it keeps us from those occasional overstepping the bounds when we can see what we've spent and where money still needs to be spent. Those few dollars here and there going over, or that one thing you forgot about before you spent your money on something extra, can be pretty disastrous in the long run.

  7. yenajeon profile image82
    yenajeonposted 7 years ago

    No. But simply because I have no idea how to create a financial budget. smile

    To make money you have two options: Save or Make More!
    With my shopping addiction and with the kind of profession I work in, saving is an impossibility; ergo I choose to Make More smile

    1. wychic profile image79
      wychicposted 7 years ago in reply to this

      Oooh, I must write a hub, I think.... smile The biggest thing to remember is that you're not budgeting for the month, you're averaging out for the year, and there are a ton of little expenses people tend not to think about, but monitoring your spending can help you identify and plan for those.

  8. Karina S. profile image60
    Karina S.posted 7 years ago

    that why it is so important to have emergency fund

    1. Habby profile image60
      Habbyposted 7 years ago in reply to this

      Absolutely agree, karina, about the emergency fund.  It's funny because just when my husband and I get a little bit ahead with our efund, we have an emergency.  We laugh at the irony, but then again perhaps we would crying if we did not have the fund. smile

      And yes, we do also have a budget for this year.  It's actually kind of fun to sit down and talk through where we want to apportion the money the LORD has given us.  We negotiate, haggle, compromise, and BOOM!  We have a budget!

  9. Pcunix profile image89
    Pcunixposted 6 years ago

    Nope.

    Back when we were just married, we had to keep a budget because there really wasn't enough money to go around.  We haven't been in that situation for many decades.

    That's not to say we waste money or have large amounts of it.  We're frugal.  We own one car and our TV is ancient.  We seldom eat at restaurants, do not travel, and find our pleasures in simple things, and with that, there is no need to budget.

 
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