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The reason I hate budgets...

March 17th, 2007 at 05:20 pm

They never work, math wise..I am always left with either too much money in the bank or not enough money, and trying to figure out why or where!!!!

UGH..

Today it is too much money, I know nice problem to have, but...

See the budget is only set up to spend the minimum paycheck, and he almost always works overtime, so that over time money is supposed to go to pay off the car....but I have two different answers on how much it is...

My bank account says one number 2K (actually two bank accounts each have their own number added up is the 2K), my budget says another, 1.5K. Neither are what I expected (

Posted in Complaint department | 5 Comments »

5 Responses to “The reason I hate budgets...”

  1. nanamom Says:
    March 17th, 2007 at 05:58 pm 1174154287
    1174154287

    Those are the kinds of problems to have!! Wait a week and see if anything you forgot slips in. Or send the .5K and wait to see if the surplus is still there at the beginning of next month.

  2. zetta Says:
    March 17th, 2007 at 08:31 pm 1174163511
    1174163511

    Or you could use that 2K to switch to month-ahead budgeting. This way, your March paychecks pay for April expenses, April paychecks pay for May, etc. You then know on the 1st of the month how much you will have for expenses and how much extra to pay on the car.

  3. princessperky Says:
    March 17th, 2007 at 11:36 pm 1174174560
    1174174560

    We actually do a half month ahead, we use the previous months pay to cover all early month checks or a mini ef, depending on how you look at it.

    But a full month would be a full 3k not earning or reducing interest....I don't think I want to do that. But thanks for the idea.

    Nana, I decided to split the difference Smile

  4. tinapbeana Says:
    March 19th, 2007 at 12:06 pm 1174305972
    1174305972

    don't know if it'll help, but i'll share anyways:

    i also budget for the minimum paycheck. actually, i round both of mine down to the nearest hundred to make the math faster, and i don't budget DH's occasional 3 paycheck month. and when i write checks, i round up again for faster math. i keep track of all of this in my budgeting software and let the checking account be until the end of the month. once i've confirmed i've paid everything, i'm left with 2 totals: total A in my budgeting software of money leftover, and total B in my checking account which is a litle higher because it accumulates all my rounding 'mistakes'. i transfer the total A amount to my slush fund, leaving me with a zero balance in my budgeting software, and a small cushion in the checking account. repeat the next month...

  5. Broken Arrow Says:
    March 19th, 2007 at 12:40 pm 1174308035
    1174308035

    Yeah, it's kinda tough when you have to manage a household.

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