Keeping a Budget – Part 1: Keep It Simple

by LeaDawn on June 10, 2011

Before you are able to save mega bucks using coupons and shopping deals, it is necessary to understand the importance of a budget. There are many ways to budget- you just have to find something that works for you.

My husband and I have experimented with a few different methods to try and find the perfect budgeting method. We are still not there, but we have learned a lot in the process. Over the next few weeks I will share a few things that I have learned from keeping a budget.

Keep it Simple.
This is especially important when you are first starting a budget, don’t let it get to complicated. If you try too much at once, it becomes a dreaded task.  Make budgeting something you can look forward to.

At first the excel sheet that we used to keep track of our grocery budget had slots for each individual item that we purchased- milk, eggs, bread, etc.. Going through each grocery receipt was quite a task. 

Now we have a dollar amount to spend on our groceries each month.  We keep track of each shopping trip and try to stay within that amount for the month. 

Budgeting is something that Daniel & I work on together.  We get excited about how much we save, and we motivate each other to do better when we are behind on our goals.  We have found that it is easier to stay motivated when we keep it simple.

Related posts:

  1. October Budget Check: Budget Catastrophe!
  2. October Budget Check: Budget Catastrophe!
  3. Traveling on a Budget: Disney World
  4. April Monthly Checkup: Time for a budget raise?
  5. Traveling on a Budget: Disney World

{ 1 comment… read it below or add one }

Brandy Shatt June 11, 2011 at 4:59 pm

This really is a terrific post. Thanks for spending some time to describe all this out for folks. It really is a great help!

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