Comments on: The Scare of My Life, and Why Budgeting is Important

By: Back To Basics: 79+ Brilliant Budgeting Resources You’ll Love | My Super-Charged Life

Tue, 14 Oct 2008 11:02:26 +0000

[...] 12. The Scare of My Life, and Why Budgeting is Important [...]

By: New Glossary Page and A Budget Story | Where You Are Now

New Glossary Page and A Budget Story | Where You Are Now — Fri, 19 Sep 2008 12:05:29 +0000

[...] Head over to her article here: The Scare of My Life, and Why Budgeting is Important [...]

By: Financial Planners at Respond

Financial Planners at Respond — Mon, 15 Sep 2008 05:21:03 +0000

A budget is an accounting of your income & expenses for a particular period. Having a budget is the simplest way of keeping your finance under control. Budgeting help ensure you don’t spend more money than you earn. Hence, budget helps you to save.

By: Rob in Madrid

Rob in Madrid — Sun, 14 Sep 2008 19:15:06 +0000

Speaking of budgets one of the biggest mistakes the wife and I made was to beuget for payments and not for savings!!!!

By: Virginia Lynn

Virginia Lynn — Sun, 14 Sep 2008 18:59:34 +0000

We definately live on a budget. I handle most of the money in our household, but always keep my husband informed of status and what-not. I am very frugal but love my once a year vacations. He spends a tad bit more than I do, but still is frugal. I can’t imagine not living on a budget and not knowing where your money is. I love your site, btw!

By: SavingDiva

SavingDiva — Sun, 14 Sep 2008 18:14:46 +0000

I also had to move recently, and I also lost track of my expenses. I’m still trying to figure out how much things will cost down here, but I’m getting a better handle on it.

By: Curried Salad Recommendation and Blog Roundup

Curried Salad Recommendation and Blog Roundup — Sun, 14 Sep 2008 17:56:13 +0000

[...] at Being Frugal realized again how important her budgeting is when she wasn’t able to do it while she was [...]

By: Rob in Madrid

Rob in Madrid — Sat, 13 Sep 2008 10:51:45 +0000

I gave up on using quicken and such like products years ago. I now use a simple spreadsheet only to list the regular bills, a quick glance tells me what still is due. I’m paid once a month so I simply deposit the required amount in each month and forget about it.

For cash and misc spending (the bugbear of all budgets) I use a simple notebook to mark things down. End of the month I can add everything up.

By: Jeff

Jeff — Fri, 12 Sep 2008 19:20:40 +0000

I don’t use a strict budget (though I probably should), but I do depend heavily on Quicken’s “scheduled transactions” option to warn me of how much money I’ll have left by the end of the pay period. That strategy left me in much the same situation you’re describing when my computer’s motherboard got fried last year and I couldn’t afford to replace it for 6 months. I ended up with a couple of overdrafts during that period. It was a pretty stressful time, especially in the 2nd and 3rd months… about the time I started to realize I was losing ground and had to come up with some alternate methods to keep a handle on things.

Let me tell you… Quicken is way easier than tracking by hand, and way less stressful.

By: Jeremy

Jeremy — Fri, 12 Sep 2008 15:21:46 +0000

There is definitely security in knowing where your money is, and how much you have. Staying on budget allows you to know that those bills are covered, and you don’t have to lay awake at night worrying about your cash flow.