Do you budget?
I know for some of you, that's a bad word. For others, it's the most important thing you do to help you save money.
Budgets can be made in a variety of ways. The simplest way is just a pad of paper and a pencil. I map out our spending and saving every two weeks with a simple spreadsheet - this works for me. You can also use expensive, complicated budgeting programs.
I just recently learned about a budgeting website that makes a lot of sense to me: Rylstim Budget. It's a tool for home accounting that is based on the calendar.
Of course! You can plan out your spending not just in a list, but by looking at the calendar to see what events will be coming up. This way, future events can be accounted for. Say there's a school carnival coming up next week. If you were making a budget just with a pad and paper, you might forget about this event and forget to plan for it. But you can mark important events like this on the calendar and then remember to budget for this expense.
You'll also be able to keep track of periodic expenses, like daily tolls and parking for your work commute. You can add your vacation days to the calendar, and you won't have to budget those work expenses for those days, which means more money for your other goals.
Keeping a calendar budget really makes a lot of sense! The software on this site would really help a lot of people who want to budget but find that money just disappears into everyday expenses.
Best of all, Rylstim Budget has a 30-day trial version, so you can try it to see if it's right for you.
But whatever method you use, whether it be an online site, a spreadsheet, or a paper pad, definitely give budgeting a try. You might be surprised how much you can save this way.
Friday, May 11, 2012
Do you budget?