Comments on: A Guideline Budget – How Do You Compare?

By: glblguy

glblguy — Wed, 03 Sep 2008 10:11:24 +0000

@April – I always recommend budgeting month to month. Each month your expenses will vary and so should your budget. I do my budget at the end of the month for the upcoming month and add in all of the expenses I know I’ll have. While the overall time might be certain, I would suspect you should be able to “forecast” your expenses for the next 30 days. If you are unsure about a few things, than either over allocate money to those categories, or place the extra in your emergency fund so you’ll have it if you need it.

By: April-j

April-j — Mon, 25 Aug 2008 15:33:55 +0000

One of these days I’ll start a blog…

I’m guessing Larry meant something along the lines of what Bettsi McComb pointed out – your debt load minimum payments should not be more than 5% of your income.

I’m hoping to know soon what my new budget will be. We just sold our city home to move to the country. My mortgage isn’t due until Oct and I haven’t gotten my first utility bills yet. *I HATE WAITING!* We’ll be paying more mortgage, but less utilities. We’ll be paying more gas, but less insurance. We were able to pay off all unsecured debt from the proceeds of our sale.

How do you budget during such an uncertain time? I want to put away at least my $1000 cushion during this time of no bills, but am finding it extremely difficult to not put it towards the home & car.

By: A Guideline For Your Budget And Spending Plan | The Happy Rock

A Guideline For Your Budget And Spending Plan | The Happy Rock — Wed, 06 Aug 2008 03:29:29 +0000

[...] Gather Little By Little shared his thoughts on the underlying percentages a while back if you are interested in reading another point of view on the matter. What are your thoughts? Related PostsDemystifying The Budget – Don’t Be AfraidSave Yourself 18%? Cash Only Spending ExperimentUnexpected Expenses Derail The Debt Reduction TrainTips for Developing a Net Worth MentalityEaster Spending Without A Plan [...]

By: justin

justin — Wed, 16 Jul 2008 05:27:53 +0000

@Schnoozy: I travel 140 miles a day, 4 days a week, and only spend about $90 a week on gas. Sure, more than it used to be, but it doesn’t break the bank.

By: Schnoozy

Schnoozy — Wed, 16 Jul 2008 04:42:30 +0000

Wow, the auto expense kills me. How is everyone else handling the 12-15% with gas prices now?

We have no car payments, and don’t have full-coverage insurance; yet we spend 18% of our income just on gas and the cheapest insurance we can get (our cars aren’t very valuable and my husband is a fixer)

I can’t imagine how people manage a car payment on top of the gas prices today.

By: Bettsi McComb

Bettsi McComb — Wed, 21 May 2008 22:41:52 +0000

Thank you so much for sharing this! I have three kids and I find my expenses lining up percentage-wise more with you than with Larry. Unfortunately, my debt percent is at 15% currently and that is just with making minimum payments! Savings is at 0%, except for the IRA taken right out of my paycheck. But we are making changes and it’s posts like this one that are helping me get where I want to go! Thanks again!

By: Pay Off Debt

Pay Off Debt — Thu, 13 Mar 2008 11:53:06 +0000

[...] build a budget for the first time, and another friend Glblguy wrote a more detailed explanation of how to make a budget. There are many tools you can use to help you make a budget, but if all you have is paper and a [...]

By: Pay Off Debt

Pay Off Debt — Thu, 13 Mar 2008 11:53:06 +0000

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Getting Ahead in College | Green Panda Treehouse — Wed, 12 Mar 2008 03:49:15 +0000

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Extreme Savers - My Guest Post | Prime Time Money — Tue, 26 Feb 2008 02:01:59 +0000

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