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Written by K Quinn
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Managing your home finances is one of the most important aspects of keeping house. For a couple this area is extremely important to be on the same page about. Just imagine if one of your were committed to saving for a rainy day and the other to spending to keep up with the Joneses. This could create chaos in the home. So first and foremost come together with a meeting of the minds as to the goals for the household funds. This includes your standard of living and what future goals the family may be working towards.
Next it is important to lay out the expenses of the household. The money you are spending on mortgage or rent, utilities, food, clothing, education, entertainment, savings, and so forth.
The budgeting part comes when you decide what percentage of the incoming funds will go to each item. This is why it is a good idea to put to paper your household funds incoming and outing. You will be able to see if you are spending beyond your means. Sometimes it will take looking at a few months of incoming and outgoing funds to see where you may need to make changes.
When budgeting your funds start with necessities. It is necessary to have a roof over your head and food. Then there are your bills such as utilities and insurance. Then come the not so necessaries such as clothing and entertainment(I’m assuming you already have clothes and this is an area where many can make some great changes). Each family will have different things in each area such as educational needs or other items.
Budgeting your money will allow you to see how your money is flowing in and out of your hands. How much you can afford to put into savings. And where you might need to make some changes.
Budgeting will also allow you to manage life changes. Such as if a new baby comes into the home and you want to set up the household to allow one parent to stay home. This is an example of what we did. Starting a year in advance we analyzed the household budget and adjusted to live off of one income while putting the second one in savings. This was a short term goal but one in where a home budget was absolutely necessary.
If getting this all together seems a little daunting Terry Rigg from the Budget Stretcher has done the work for your. You see necessity is the mother of invention and years ago when he too was struggling to pay bills and keep the bill collectors at bay he put together a complete program (and it is complete) called Complete Budget and Bill Organizer to organize his family’s monthly spending. His story is inspiring and I think if he turn his finances around from what they were most anyone can. You can get it at %50 off from this link.
Liking things so ultra organized I purchased this Complete Budget and Bill Organizer to make sure we kept our own finances organized. The main help for me has been the Bill management section. As a stay at home wife, mom, and business woman I keep track of and pay the monthly bills. Just recently we moved and I found myself with a few more bills to pay that came at odd times than before. I knew I was going to make a mistake so I needed to be little more diligent about when the bills were due (the previous ones were so easy and all came at the same time). So that is my main use of the Budget and Bill Organizer.
This money organizing package includes 4 budget worksheets and forms (where you workout your monthly spending and percentages), 2 monthly bill forms, a spending log and check register, 4 debt and credit forms to manage and reduce your household debts. You also get a few bonuses including an ebook on budgeting successfully.
Because Terry knows what it is to be in dire straits where money is concerned he has set up a special offer for my Homemaking Organized readers to purchase the Complete Budget and Bill Organizer for 50% off the normal price of $19.95. You can get it for $10 through this link => Complete Budget and Bill Organizer. Costing incredibly less than most money management systems this system provides much more. A chance to save more and reduce the money leaving your hands. For me it was a no brainer and I bought it right away.
Don’t know where to start? Try the Complete Budget and Bill Organizer. If you want a Budget that only takes a couple of hours to setup and a few minutes on payday to maintain then purchase the Complete Budget and Bill Organizer.
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Last Updated on Friday, 02 October 2009 01:08 |
Money Matters 
