Comments on: A Guideline Budget – How Do You Compare? http://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Wed, 08 Feb 2012 18:29:01 +0000 hourly 1 By: herrae monicahttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-19115 herrae monica Tue, 22 Jun 2010 17:54:38 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-19115 Have your cake and eat it kind of a dillema. What should today's grooms do? Have a expensivewedding or save for a home? I would take the second any day Have your cake and eat it kind of a dillema. What should today’s grooms do? Have a expensivewedding or save for a home? I would take the second any day

]]> By: glblguyhttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2688 glblguy Wed, 03 Sep 2008 10:11:24 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2688 @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. @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-jhttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2687 April-j Mon, 25 Aug 2008 15:33:55 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2687 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. 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 Rockhttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2686 A Guideline For Your Budget And Spending Plan | The Happy Rock Wed, 06 Aug 2008 03:29:29 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2686 [...] 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 [...] [...] 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: justinhttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2685 justin Wed, 16 Jul 2008 05:27:53 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2685 @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. @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: Schnoozyhttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2684 Schnoozy Wed, 16 Jul 2008 04:42:30 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2684 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. 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 McCombhttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2683 Bettsi McComb Wed, 21 May 2008 22:41:52 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2683 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! 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 Debthttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2681 Pay Off Debt Thu, 13 Mar 2008 11:53:06 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2681 [...] 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 [...] [...] 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 Debthttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2682 Pay Off Debt Thu, 13 Mar 2008 11:53:06 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2682 [...] 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 [...] [...] 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: Getting Ahead in College | Green Panda Treehousehttp://www.gatherlittlebylittle.com/2007/10/a-guideline-budget/#comment-2680 Getting Ahead in College | Green Panda Treehouse Wed, 12 Mar 2008 03:49:15 +0000 http://www.gatherlittlebylittle.com/2007/10/18/a-guideline-budget/#comment-2680 <!--%kramer-ref-pre%-->[...] Guideline Budget [...]<!--%kramer-ref-post%--> [...] Guideline Budget [...]

]]>