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Originally Posted by Aleta
From each paycheck, I allocate money to different categories. For instance, I allocate money monthly to car maintenace, home maint., Xmas spending, gifts, household suppolies, car insurance, and many irregular bills that will become due. I transfer this money from my household spending account to my money market and let it sit there until the bill is due. Sometimes I don't know if you call this saving or not. I call it allocating because it will be spent. Also, to me saving is for the future for shortterm needs as well. Saving for a car, downpayment on a home, vacation, etc.
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I used to try allocatng so much for each bill until I gave up! It was just too much work to recalculate my budget every time something changed.
So I take my hat off to people like you you who does budget that way.
Now I let a budgeting program do all of the hard work for me. I put in bills once and frrom then on the program does all the hard work. It shows me how much I need to put in the bill account each pay and even tells shows me on the calendar what is going to be happening.
In the old days I was always getting surprises, now I spend less than 10 minutes a week on the budget and it's always right.
Enjoy Your Money
The Budget Man
www.PersonalityBudgeting.com
The budget that does all the hard work for you
