Benefits of Budgeting by the Year, Not Month

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I am trying to get us back on track and do not know where to begin, your hints are very helpful and I will put them to use. we have so many issues and confused on what to do and how to handle them and who to go to. any assistance of what to do would be appreciated.

dee of MI 12:28AM April 30, 2010

sloths are interesting.

james patmore of KY 7:55PM April 29, 2010

sloths are interesting.

james patmore of KY 7:55PM April 29, 2010

I budget by the year and by the month - I add up all one time big expenses, such as house taxes, homeowners insurance, car insurance, dmv renewal, and I divide these expenses by 12 and I put away that amount into a money market, so I can pay the debt in full when it comes. Then I budget the rest of my bills monthly. I'm still off a little, but this does seem to help me.

AD of CA 4:16PM April 29, 2010

Budgeting as described by Aryn seems like the best way to track all expenses. This is how businesses prepare budgets and track their spending, so it makes sense for personal budgets to be developed in the same way. I am newly engaged and will definitely try this with my new mate. Preparing a wedding budget is a completely different story, LOL

Becca 5:09PM August 06, 2009

... based on what I need to spend each month, with 13 months to cover any miscellaneous stuff for the year.

Meggan of CO 5:02PM August 06, 2009

Once a year, we outline our expected expenses for the coming year based on the prior year with some increases. Then each month we map out our cash flow for the month to see how much excess we can transfer to our savings.

Aryn of CA 4:31PM August 05, 2009