Comments on: Finance 101 http://chasingeducation.com/2010/01/finance-101/ Fri, 15 Apr 2011 15:58:00 +0000 hourly 1 http://wordpress.org/?v=3.1 By: brecca http://chasingeducation.com/2010/01/finance-101/comment-page-1/#comment-101 brecca Wed, 06 Jan 2010 17:15:14 +0000 http://chasingeducation.com/?p=475#comment-101 well chris and i have stopped eating period. does wonders for the budget! haha well chris and i have stopped eating period. does wonders for the budget! haha

]]> By: elle http://chasingeducation.com/2010/01/finance-101/comment-page-1/#comment-100 elle Wed, 06 Jan 2010 15:41:59 +0000 http://chasingeducation.com/?p=475#comment-100 I made a budget in excel. It starts with my salary and then all of the expenses that I anticipate (electric, rent, car insurance, groceries etc...), as well as a miscellaneous budget for those unexpected things. I set the sheet up to automatically subtract my anticipated expenses from my salary. The resulting number is what I should have left over at the end of the month. The sheet has a second column for what I <em>actually</em> spend. At the end of the month I have to find out why there is a discrepancy. Knowing that I have to keep my receipts and balance this budget, makes me think twice before I buy something I don't need! Eric and I also vowed to eat out less! (Once a week.) I made a budget in excel. It starts with my salary and then all of the expenses that I anticipate (electric, rent, car insurance, groceries etc…), as well as a miscellaneous budget for those unexpected things. I set the sheet up to automatically subtract my anticipated expenses from my salary. The resulting number is what I should have left over at the end of the month. The sheet has a second column for what I actually spend. At the end of the month I have to find out why there is a discrepancy. Knowing that I have to keep my receipts and balance this budget, makes me think twice before I buy something I don’t need!

Eric and I also vowed to eat out less! (Once a week.)

]]> By: Caroline http://chasingeducation.com/2010/01/finance-101/comment-page-1/#comment-99 Caroline Wed, 06 Jan 2010 15:31:17 +0000 http://chasingeducation.com/?p=475#comment-99 You know that I had major spending problems too, so this year I decided to open up a new bank account with a bank that offered great interest on its savings account. I set it up so that all of the money I should theoretically not be spending throughout the month stays there and a transfer to my checking account delays by two days. That way, if I really want something, I have to think hard about is it worth the wait and this gives me time to come to better financial decisions in my life. Number one thing I'm cutting out of my budget? Going out to eat all the time. I'm limiting myself to three meals out a month, spending no more than $12 at Breakfast, $20 at Lunch, and $30 at dinner with everything (Tip too!) included. Let me know about any help or ideas that you have! You know that I had major spending problems too, so this year I decided to open up a new bank account with a bank that offered great interest on its savings account. I set it up so that all of the money I should theoretically not be spending throughout the month stays there and a transfer to my checking account delays by two days. That way, if I really want something, I have to think hard about is it worth the wait and this gives me time to come to better financial decisions in my life.

Number one thing I’m cutting out of my budget? Going out to eat all the time. I’m limiting myself to three meals out a month, spending no more than $12 at Breakfast, $20 at Lunch, and $30 at dinner with everything (Tip too!) included. Let me know about any help or ideas that you have!

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