Back in the day, when I was single, I remember when I was thrilled to have $100 in my checking account. I thought I was sitting pretty. I also had money in savings, but not a lot. When a paycheck came in it was like I was rich and flush with cash.
How silly, single lady.
Thankfully, I was blessed to marry a man who is a budget
hound planner and insisted that creating a monthly budget was do-able. I hadn't a clue where to begin or how to follow every.single.dollar. I spent.
Over eleven years later, we still follow a monthly budget and I take care of a large portion of it. Budgeting has become our way of life and I know/record most every dollar coming in and going out of our house.
I recently ran into an acquaintance and mentioned the economy and how it's hard to keep a budget. She chuckled and said, 'oh, we haven't budgeted since sometime back when we just had one child.' I thought about that later and even contemplated how easy it would be just to buy things and not jot down every dollar. I'm not talking frittering away money, just not worrying about it as much. A conversation with hubby about it made me rethink the idea.
Living with a family on one income can be tough and I think budgeting has kept things in focus over the years to keep tabs on our money.
Does it mean that we NEVER overspend or put less than the desired amount in our savings account? Not at all. Things happen. Life happens. But when those things do happen, our budget sheet reflects that and we see the depletion or loss.
While we've always stuck to pencil and paper, we've thought about making changes and going electronic. We just never have moved forward.
Well, well, my friends, I've got to say that I just found a budgeting app that even makes budgeting seem fun.
A quick search online for best budgeting apps, a hop on my tablet to the Andriod app store and presto:
MoneyWise is very user friendly and fits our personal budgeting needs perfectly. We gave Mint a try, but found that we couldn't personalize it as much as we wanted. We weren't able to itemize and write specific budget categories the same way we had for years on the old paper.
I started exploring MoneyWise free version and then we took the leap up to the Pro version ($7) of the app to be able to add more functionality that fit for us.
Thus far, giddy with geekiness.