Budget

iVillage Member
Registered: 10-17-2010
Budget
4
Thu, 01-03-2013 - 7:07am

Good morning ladies and gentlemen,

Sorry I haven't been around much but my house has been in chaos the past 3 weeks as DH came home from a deployment 3 months earlier than expected :) Great thing but man has it kicked me in the pants.  No real debt progress has been made but we're not worse off either, so I guess that's good.

For the past year we haven't had an official household budget, more of an expense report that runs payday to payday.  So over the weekend I finally took the time to map out budget categories and HOLY COW there were a ton.  It floored me to look at what I spend money on through the year; optional expenses and those that are not.  I'm waiting for my coffee to fully kick in so I can put numbers in.

I'm not fully getting rid of the payday expense reports as we operate well with those, but I figure this is a good addition.  I hope everyone had a Merry Christmas and a Happy New Year!

iVillage Member
Registered: 04-10-2003
In reply to: ktqt07
Sun, 01-06-2013 - 10:18am
I'm glad he's finally realizing that spending DOES add up! Fingers crossed that he gets on board and you make 2013 the year of the debt reduction!

Bex -

iVillage Member
Registered: 10-17-2010
In reply to: ktqt07
Fri, 01-04-2013 - 7:10am

Thank you :)

I did get him involved on this one.  Once I was done with my list I gave it to him and asked if he felt I forgot anything and he actually pointed out a couple of things that I forgot.  He also helped contribute in terms of how much a few of the categories are.

I don't think card spending will be a huge issue again.  I was reading him the bills to be paid and the amounts and when I got to that card he said "I thought we paid that off."  I reminded him that it WAS paid off until he bought the jerseys and never put the money back.  He's been getting aggravated about the cards and all I can say is "Don't look at me.  I have no access to those accounts, those cards are in your name alone."  I think it's sinking in that it's his spending that's doing it and not joint spending.

I hope mommyhood is suting you well the second time around!

iVillage Member
Registered: 11-14-2008
In reply to: ktqt07
Thu, 01-03-2013 - 3:00pm

I know its sad isn't it....only one income category and several million expenses that go out. Not fair really!

Remember this takes awhile to build as there will be things you will remember throughout the year, as you move season to season as to what you spend money on and then again create yet another category. Plus a budget is a fluid thing that as you change, jobs, additional expenses the budget must change also to keep up with you.

I have been doing this for a long time and I still don't have all the categories in there. I have a catch all category and just add another 10% for things I forget called miscellaneous, kinda like doing a house reno, add 10% to help with the costs you miss.

This will be worthwhile for you. Are you getting hubby involved in this one? Is he going to notice buying football shirts for everyone is NOT on there? lol. Things like this might help him get on board more. I'm glad for you he is back early.

This is a new year, a new chance to bring things up that important to you and important for the whole family! Good luck to you and I'm wishing you all the best!

iVillage Member
Registered: 10-01-2008
In reply to: ktqt07
Thu, 01-03-2013 - 10:09am

Hi,  

The holiday season has it's way of keeping us from tending to financial things like we should.  Glad to hear your DH got home early.  

Good luck on getting things planned out for the coming year.  I'm doing the same here.  

Have another cup of coffee for me!