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Budget Strategties

PostPosted: Fri Oct 23, 2009 12:19 am
by ThunderHorse
I feel that I am losing ground on the budget arrangements in my family. My wife feels that since she works, that her money does not need to go toward household expenses, since I have some expenses with which she disagrees.

I picked up a couple of budgeting books at the library, so I can make some Excel spread-sheets to track what is happening, month to month, so I can have some reality. My wife's approach is that if there are any problems, it is my fault, so I should fix it.

I started this thread to track my progress.



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PostPosted: Sun Oct 25, 2009 5:05 am
by ThunderHorse
I found an accountant from Craig's list, willing to work with me, for an hourly rate. Quick books has an an on-line service that works for smaller people, with a monthly rate. I am using Excel for some things, and the accountatn is familiar with Excel, so I can use Excel spread sheets to start out.

Re: Budget Strategties

PostPosted: Tue Dec 04, 2012 11:16 am
by Lachamakiita
Dear ThunderHorse,
So, your problem is that you feel that you are losing ground on the budget arrangements in your family, right? And since your wife started working she feels that her money does not need to go toward household expenses.
According to my General Psychology Professor, Dr. Misiurski says,” that Surface trait is the characteristic that can be inferred from observable behavior.” This mean that because your wife see that you expend the money in things that she disagrees, she feels free to do the same thing.
In your case, you and your wife need to understand that budgeting is a tricky but necessary part of setting up housekeeping. If you've never budgeted before, now is the time to get started. Realistic budgeting includes a willingness to confront your spending patterns honestly, strip out those things that are eating up your income. Just because you have money in your pocket, or in your checking account, doesn't mean that you should spend it. After paying your bills and for necessities, make sure that some of your money goes into your savings.
My Advice to you is to take a month to carefully document your normal spending habits. During this month, try not to change the way you spend your money. Instead, keep records of what you spend and where you spend it. When the month is up, sit down with your wife and have a look at your spending. Identify at least five ways in which you are each overspending, set some limits, and redirect that money toward savings, investing, or paying down debt.

Thank you for sharing your problem!

Respectfully,
Lachamakiita

Re: Budget Strategties

PostPosted: Fri Dec 14, 2012 4:35 am
by ThunderHorse
To Lachmakita,

Thanks for the comments and suggestions.

I still have budgeting issues. I should do more planning, as a start.




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