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Back to Normal

December 7th, 2006 at 07:05 am

Well everything is back to normal here with the return of my computer. Came in under budget and I even talked them into a discount for paying cash. Christmas shopping is finished and the tree and nativity is up.

This month is a big transition month for me, it is the first month in over a year I haven't done a zero based budget. I am getting away from the paycheck to paycheck budget and switching to a monthly budget. The only problem is I need to have enough leftover at the end of the year to pay January's bills and expenses so I am just letting any extra sit there waiting for January without giving it a job. Usually I would transfer it to my Target savings. Since December is a three paycheck month I can swing it. I will pay all my monthly bills, withdraw the cash and put the money aside for my irregular expenses on January 2nd. If it goes right I won't spend January's paychecks until February 1st. To give him his due I am modeling this after a system I saw on the 'You need a budget' website.

Talk about personal finance it is funny but I use Dave Ramsey's envelopes, Mary Hunts freedom funds David Bachs automatic transfers and now budgeting from YNAB. The only one I haven't borrowed from is Suze and that's just because she didn't have anything I could use. Plus she drives me nuts, I cannot watch that woman.

Well, time for bed. Tomorrow I have to work both jobs so it will be a long day.

Posted in Budgeting | 4 Comments »

4 Responses to “Back to Normal”

  1. LuckyRobin Says:
    December 7th, 2006 at 07:58 am 1165478280
    1165478280

    You've got the phrase "Take what you need and leave the rest" down pat when it comes to finance. LOL

  2. boomeyers Says:
    December 7th, 2006 at 06:59 pm 1165517962
    1165517962

    My DH can't handle Suze either!

  3. sarah Says:
    December 7th, 2006 at 11:09 pm 1165532961
    1165532961

    Very interesting post. What are the advantages to this system of budgeting?

  4. Diolla Says:
    December 8th, 2006 at 04:16 am 1165551365
    1165551365

    The biggest advantage for me is I only have to budget once a month, Also it is flexible enough to handle the ebbs and flows now that I have a second job that is basically commission so I will always know how much money is there to budget. You don't spend January's income until February. During the month you enter in the income coming in and then at the end of the month you take the total available and budget every dollar, hopefully alot will go into my savings goals. The disadvantage is that for it to work well you have to have one month's expenses saved up. The website has a software program or excel sheet you can buy but I am just using the budget sheets I have now. It also explains how it works and that's where I learn't. I think the guy who set it up hangs around here sometimes.

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