Comments on: Five Ways to Save Time on Your Budget

By: Celine

Celine — Tue, 20 Dec 2011 17:35:18 +0000

I would rather opt for an automated approach to my personal finances. There are just so many things to keep in mind, that one day you may feel overwhelmed and wake up with a bunch of late payment fees. I’ve been using https://www.inexfinance.com/ to keep track of my daily expenses and set my monthly budgets, works perfectly for managing cash transactions. Definitely a personal finance software can’t solve all of your problems, but at least this takes care of the basic things while I can concentrate on the most important financial issues (like getting out of debts).

By: Craig

Craig — Wed, 25 Aug 2010 03:39:36 +0000

@Charlie
The envelop system is a great system. My problem with it was I got sick of trying to dig for money in multiple envelopes, checking out multiple times, and dealing with the hassle of change. We now spend 90% of our money in cash and just keep every receipt.

By: Charlie

Charlie — Fri, 20 Aug 2010 01:04:04 +0000

In my experience, the envelop system works for me best. It works like a control mechanism of money that rolls on my hand. When I notice that the accounted money inside the envelop is depleting, then its about time to tighten. Aside from just distributing the money, I have been accustomed to writing every expenditure that I had in a day. With that as a habit, I can track of my expenses, where I indulged much and which one I can sacrifice in the next coming days. Budgeting is truly a challenge and needs so much effort to make both ends meet. And this budgeting served as training ground in establishing a business.

By: » 6 Advantages Of Automatic Saving And Investing

» 6 Advantages Of Automatic Saving And Investing — Wed, 10 Feb 2010 13:13:39 +0000

[...] complicated. As an example, many people fail at budgeting because the budget is too complex. A simple budget is the [...]

By: Larry Jones

Larry Jones — Sat, 02 Jan 2010 18:01:13 +0000

Craig – I’ve been doing monthly budgets for over 5-6 years now using a spreadsheet I got from a Crown Financial Bible Study.

It takes a lot of time to get your first budget up and running, and then a few months (usually 3) to refine the process. Once you get in the groove, though, the entire process gets a lot of quicker. Now, I probably spend a whopping 30-45 minutes a month on my budget, envelope system, financial goals, etc.

Once you can get a consistent system in place, it really should be a quick, painless process.

Larry
.-= Larry Jones´s last blog ..Crushing it in 2010 =-.

By: Best of Money Carnival | Man Vs. Debt

Best of Money Carnival | Man Vs. Debt — Fri, 04 Sep 2009 04:55:35 +0000

[...] Five Ways to Save Time on Your Budget Shares time saving budgeting methods and suggestions on how to save time budgeting. [...]

By: Craig

Craig — Fri, 04 Sep 2009 00:13:58 +0000

@Toomeedom – I tried to read the article, but looks like a subscription is needed to read the article. Is that right? Thanks for passing along that resource.

By: Toomeedom

Toomeedom — Fri, 04 Sep 2009 00:05:36 +0000

There was an article in World Magazine last issue on this subject that you might find interesting:
http://www.worldmag.com/articles/15786
.-= Toomeedom´s last blog ..Are You Ready to Help in Honduras =-.

By: Ben Hebert

Ben Hebert — Fri, 28 Aug 2009 02:20:28 +0000

Craig,

Great article the core message is very refined as well as the image being very helpful. I work for http://giftcardrescue.com and we offer gift cards / prepaid debit cards at discounted rates.

If you are looking to save money by using gift cards or as a present for a loved one I encourage you to check us out. We also purchase unwanted cards for cash.

As far as suggestions go I think the best way to budget is to limit your “latte factor” which is all of the extra money you spend on unnecessary items. For example throughout the course of the day you might spend $12 on gum, tea, and a $6.00 cup of coffee.

Limit your spending and make it realistic.