Comments on: Budgeting 101 – Know Your Spending http://www.suburbandollar.com/2009/04/15/budgeting-101-know-your-spending/#utm_source=rss&utm_medium=rss&utm_campaign=budgeting-101-know-your-spending Where finance and reality meet Sat, 04 Feb 2012 21:54:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Spend Less Than you Earn | Suburban Dollarhttp://www.suburbandollar.com/2009/04/15/budgeting-101-know-your-spending/#comment-1732 Spend Less Than you Earn | Suburban Dollar Mon, 24 Aug 2009 17:40:57 +0000 http://www.suburbandollar.com/?p=666#comment-1732 [...] budget takes more than just sitting down one day and throwing some numbers on paper, you need to first analyze your spending, then set your budget, and maintain your budget [...] [...] budget takes more than just sitting down one day and throwing some numbers on paper, you need to first analyze your spending, then set your budget, and maintain your budget [...]

]]> By: -> Monday Roundup And Link Love! | Bible Money Mattershttp://www.suburbandollar.com/2009/04/15/budgeting-101-know-your-spending/#comment-356 -> Monday Roundup And Link Love! | Bible Money Matters Mon, 27 Apr 2009 16:06:11 +0000 http://www.suburbandollar.com/?p=666#comment-356 [...] Budgets 101: Know Your Spending [...] [...] Budgets 101: Know Your Spending [...]

]]> By: Billhttp://www.suburbandollar.com/2009/04/15/budgeting-101-know-your-spending/#comment-291 Bill Wed, 15 Apr 2009 16:56:29 +0000 http://www.suburbandollar.com/?p=666#comment-291 An excellent post. I like your three step approach. Very simple and straightforward. You may get into this in one of the next too parts but you touched on the topic briefly about the ability to stick to the budget. Otherwise, what is the sense of having one? My point is that you must create a budget that is sustainable, realistic, and workable. Sustainable means that there is enough incentive ("blow money" or "leisure spending") in your budget so you remain motivated to stick to it. Realistic means that it must reflect your entire financial picture, no hidden or unaccounted income/spending. Workable means that all obligations are met and any surplus is allotted to a specific goal/purpose. Again, great start. I can't wait to read the remaining installments. An excellent post. I like your three step approach. Very simple and straightforward.

You may get into this in one of the next too parts but you touched on the topic briefly about the ability to stick to the budget. Otherwise, what is the sense of having one?

My point is that you must create a budget that is sustainable, realistic, and workable. Sustainable means that there is enough incentive (“blow money” or “leisure spending”) in your budget so you remain motivated to stick to it. Realistic means that it must reflect your entire financial picture, no hidden or unaccounted income/spending. Workable means that all obligations are met and any surplus is allotted to a specific goal/purpose.

Again, great start. I can’t wait to read the remaining installments.

]]> By: Baker @ ManVsDebthttp://www.suburbandollar.com/2009/04/15/budgeting-101-know-your-spending/#comment-290 Baker @ ManVsDebt Wed, 15 Apr 2009 14:38:36 +0000 http://www.suburbandollar.com/?p=666#comment-290 I love that picture! I sleeve my debit card to have the same effect. I'm a big fan of tracking every penny you spend in order to get a grasp of your financial situation. I thought this post was awesome! I love that picture! I sleeve my debit card to have the same effect.

I’m a big fan of tracking every penny you spend in order to get a grasp of your financial situation. I thought this post was awesome!

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