You also have to budget for those expenses that you only pay once or twice a year like car insurance, property taxes, home insurance, and car registration. Your true expenses are not just the ones that are due every month. If you have $40 left in your grocery category, you might need to have a small shopping trip and eat up the items in your pantry so you can keep within your budgeted amount. Doing this helps you map out how to spend your money. Using YNAB, you should budget every single dollar that you receive. ![]() You Need a Budget (YNAB) is a budgeting software based on the envelope system of budgeting. There are so many ways that YNAB changed our finances! What Is YNAB? I tried several before finally settling on You Need a Budget (YNAB). In desperation, I started researching budgeting software. ![]() It was a tedious process, especially in a category that had a lot of deductions, like groceries. When I paid a bill, I deducted the amount from that category. It was simply a spiral notebook, and on each page, I put a different budget line item such as “groceries” or “electricity.” Each time we were paid, I put a certain amount in each category. Years ago, when my husband and I were first married, I had a budget binder.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |