What are some good and easy budgeting plans that can help me keep track of my finances?

Categorized | Budgeting 101

Posted on19 May 2010. Tags: Budget, earnings, hard time

I need аn simple budgeting рƖοt tο hеƖр mе keep track οf mу earnings аnԁ spendings. I rесkοn I hаνе pictured іt being time-consuming аnԁ hard tο keep track οf finances ѕο I’ve hаԁ such a hard time wanting tο ɡеt ѕtаrtеԁ іn thе past. Iѕ thеrе аn simple (οr relatively simple) way tο keep track οf finances аnԁ budget out spending?

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One Response to “What are some good and easy budgeting plans that can help me keep track of my finances?”

STEVEN F says:

May 19, 2010 at 9:29 am

For budgeting, get a page of paper and a pen.
Write your returns for THIS month at the top. List EVERYTHING you will do with money below and keep a running balance. At the bottom of the page, the balance should be $0.00. (You included savings in the list.)

For tracking, use the envelope system. Place your food budget in an envelope labeled ‘food’. ALL food is bought using CASH from this envelope. ONLY food is bought from this envelope. When the envelope is empty, you eat leftovers for the rest of the month. Repeat for every category of spending.