ST Alpha - "It's just relative to the budget we've decided on. (I go on and on inside)" (Reading a Post)

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In response to "Question about these updates." by sycor

It's just relative to the budget we've decided on. (I go on and on inside)

Posted by prayformojo (aka mayhem) Nov 25 '15, 12:46

It's primarily an exercise in discipline (but I still think a really good practice). We decide on a yearly budget....

....making sure we're saving a portion of our take-home.

As far as the tracking goes,

someone I used to work with remarked how easy it is to lose track of your spending...even if you work with a mental budget (e.g. "I'm only going to spend $400 on groceries this month" )it's really easy to suffer budget creep - a little here and a little there adds up. It's hard enough to do by yourself, let alone if there's someone else who's spending in the household.

So we have maintained a google spreadsheet into which we record everything that's out of pocket - all other fixed costs have already been taken into account

Responses:

oh yah, tracking is the first step I always recommend to anyone looking to have a better handle - b. Nov 25, 12:50 1
- I maintain a spreadsheet at work that goes out several months to help me gage how a purchase will affect the long run. -- (edited) - sycor Nov 25, 12:52
That's cool. I need to get a little more serious about my budgeting. And I'm glad the red isn't as severe as I was imagining. -- nm - sycor Nov 25, 12:48 4
- no, didn't mean to imply that -- nm - prayformojo Nov 25, 12:49 3
  - It was probably me over thinking it than you. I miss a lot of posts so I'm sure it was explained before I just missed it. - sycor Nov 25, 12:50 2
    - that's really nice and thoughtful of you. :) - -- nm - b. Nov 25, 12:51 1
      - Thanks. I know I don't participate much a lot of time. But this place is pretty awesome and I do like most of you. - sycor Nov 25, 12:53
it really is good practice, i should do this. -- nm - Andie Nov 25, 12:46 2
- It was such a pain when we tried to do this locally on Excel - Google spreadsheets makes it so much easier - prayformojo Nov 25, 12:48 1
  - We use Goodbudget, which is a glorified spreadsheet for our stuff. - spamlet Nov 25, 12:55

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It's just relative to the budget we've decided on. (I go on and on inside)

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