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Save: Budgets

April 8, 2015 by Lonny in April, Save with 0 Comments

April Fool’s! No blog post on the 1st, so it’s here today. Gotcha!

Here is a pretty common conversation:
Husband: We need to sit down, write out all our bills, our income, and make a budget.

Wife: Ok, that’s a good idea. Let’s do it this weekend when we both have time.

*Weekend arrives. Doesn’t make budget.*

That’s right, this week we’ll be talking about how budgets can equal huge savings for you and your household.

The first step to making a budget, is to actually sit down and talk about money. It’s embarrassing to address your fast food lunch habits, and it’s uncomfortable to call out your partner’s shopping sprees. But talking about money is necessary.


Now you may notice that the clothing segment doesn’t have a percentage. It’s 4%. I already worked it out.

If you’ve ever been on a diet, you may recall that one of the best ways to keep yourself on track is to write down everything you eat. It is similar when you keep a budget. Write down everything you buy, or at least keep the receipt. This will make you accountable for all your purchases. Compare this to your monthly bank statements, and you should have a pretty good idea where your money goes. You’ll begin to notice areas where you can begin to cut your spending.

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