How Many of You Budget Your Money?

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Discussion Overview

This thread explores participants' experiences and thoughts on budgeting their finances, with some sharing personal strategies and challenges related to managing money. The conversation also touches on related topics such as financial planning and experiences with specific financial advice resources.

Discussion Character

  • Anecdotal
  • Opinion-based
  • Exploratory

Main Points Raised

  • One participant, identifying as a consultant, shares their method of budgeting by using separate accounts for different savings goals and labeling money with sticky notes for various expenses.
  • Another participant expresses a desire to be more disciplined with budgeting, noting that their spouse would appreciate it.
  • Several users mention needing to start budgeting due to upcoming expenses, such as buying a car and paying off bills.
  • Some participants discuss living paycheck to paycheck, indicating that this situation makes it necessary to stick to a budget, although it can be challenging.
  • One participant recounts their recent road trip where they listened to financial advice from Dave Ramsey, expressing a commitment to start budgeting based on the principles learned from his books.
  • Another participant mentions checking their bank balance frequently to manage their finances, despite not having a formal budget.
  • Some participants express frustration with the budgeting process, noting that it can feel disheartening when financial resources are limited.
  • One participant shares their skepticism about budgeting but acknowledges recent positive changes after committing to a financial plan inspired by Dave Ramsey.

Areas of Agreement / Disagreement

Views differ among participants regarding the effectiveness and practicality of budgeting, especially in tight financial situations. Some express a commitment to budgeting, while others share challenges that make it difficult to adhere to a budget.

Contextual Notes

The discussion reflects a range of personal experiences with budgeting, financial planning, and the emotional aspects of managing money. Participants share insights based on their individual circumstances without implying universal solutions.

Who May Find This Useful

Consultants who are navigating similar financial situations or looking for personal experiences related to budgeting may find this discussion relevant.

Do you budget your money?

  • Yes, faithfully.

    Votes: 0 0.0%

  • When I think about it

    Votes: 0 0.0%

  • Nope - do not have to do that.

    Votes: 0 0.0%

  • Budget, what the heck is that?

    Votes: 0 0.0%
  • Total voters
    0
  • Poll closed .
dannyzmom
dannyzmom
Gold Member
Messages
9,271
Sell A ThonCan someone clarify for me...I have the sheet they gave us in the Product room at NC... the one that lists all the Sell a Thon packages and the Director's Benefit package.

Now...for the July sellathon, it says "Hold & Submit $3000 in commissionable sales to earn:" and the very first item on the list is the SS 8" skillet.

Then...the next section says "Hold & Submit 2 qualified shows to earn"...and the ONLY item it lists is the SS 8" skillet.

I submitted WELL over $3000 (held and submitted) in July...AND I held and submitted more than 2 qualified shows.

How many 8" SS Skillets did I earn?
 
That confused a lot of people in June and July. They said that they assumed that if you did $3000 in sales you must have done at least 2 shows, so they included that in the total you would receive for doing $3000 in sales.

Same in June, if you got the top package it included everything from the first two packages and the Knife and Pizza Cutter for holding 2 shows.
 
You earned one. They just included the 2 show products in the first package because most who earned a package also most likely did 2 shows. Of course those that did it in less shows don't get those products.

Didn't you get yours yet?
 
  • Thread starter
  • #4
That kinda ticks me off, I have to say. I did $3000 in ONE show and another $3,000 in more shows. I was expecting TWO skillets and that is how it is written up on the sheet they gave us ay NC...very misleading :(
 
I think they sent something in Weekly Bites or somewhere that apoligized for the misunderstanding. It should have said if you earned Level 1 and submitted 2 shows you would get _ _ _...instead of listing Level 1 as getting both.
You would think that someone would have fixed that before it was given to us at NC.
For the (I'm sure) very few people who actually submitted 1 $3000.00 show they should send both IMHO.
 
THey didn't clarify it well on the sheet at NC nor on CC when it was up. They sent out a clarification in the Weekly Bites.
 
dannyzmom said:
That kinda ticks me off, I have to say. I did $3000 in ONE show and another $3,000 in more shows. I was expecting TWO skillets and that is how it is written up on the sheet they gave us ay NC...very misleading :(
Click to expand...

{{{{{{hugs}}}}}} I understand that must be frustrating! I am very impressed! $3000 in one show!!:party: How did you do that! Please share your secret. :pray:
 
bethcooks4u said:
{{{{{{hugs}}}}}} I understand that must be frustrating! I am very impressed! $3000 in one show!!:party: How did you do that! Please share your secret. :pray:
Click to expand...



Was that your fundraiser Carolyn? I agree that you should be upset. I would call HO on that one. They really didn't clarify it right. I read it wrong too and thought that I'd be getting 2 SS pans and 2 sharp products as well.
 
  • Thread starter
  • #9
bethcooks4u said:
{{{{{{hugs}}}}}} I understand that must be frustrating! I am very impressed! $3000 in one show!!:party: How did you do that! Please share your secret. :pray:
Click to expand...


It was a fundraiser - over 500 invitations were sent out.
 
  • Thread starter
  • #10
pampmomof3 said:
THey didn't clarify it well on the sheet at NC nor on CC when it was up. They sent out a clarification in the Weekly Bites.
Click to expand...

I'm really disappointed :( But rather than wallow, I'll just work on selling cookware so I can order another SS skillet on Pan-O-Rama. I already got my 12" covered skillet...
 
A thread on CS got me to thinking about this.

I am the type that has a separate account for regular savings, a separate account for vacation savings, and then in my home I may have separate places for other different things I am saving for. HA!!!! Plus our general household checking account and my PC account.

My husband calls me anal!!! Especially when I get paid each week and I put sticky notes on my money that is budgeted for different things like his gas, my gas, tithes, baby sitter, ball game money.......hahaha!! I know I am crazy! But I tell him would he rather me just spend it all and have none left!!HA!!!
 
You go, girl! I need to be more disciplined and I know my DH would appreciate it too.
 
For the most part I do. But we have been paycheck to paycheck lately so it's out of necessity....
 
We are currently paycheque to paycheque out of necessity too. There is just no room for extras. Makes it much easier to stick to a budget when the money is so tight though...
 
I wish I were better at doing it, if we did we'd have a savings!
 
I just got home from a road trip to Kentucky. 8 hours up....10 hours home (car trouble/heavy traffic!! :cry:) Read Dave Ramsey's book, Financial Peace on the way up....listened to his The Total Money Makeover on the way home.

So, technically, I don't have a budget but as of this time tomorrow...I will!! The principles laid out in both books are very simple and easy to understand. My family is ready to be "gazelle intense" to get rid of debt and build a solid financial foundation.

We had just finished the audiobook when we reached Atlanta and saw a billboard for Dave Ramsey's radio show. My son (12) pointed it out and asked us to turn it on....then asked us to turn it up! Later I was talking to my husband about something pertaining to the books and my son said, "Mom, that's baby step 3b!" How funny he was listening that closely!
 
I don't really. But I check my bank balance quite often so I always know about how much I have and how much I can afford. And I do have several different accounts, so I can't easily wipe out everything I have :)
 
friday said:
We are currently paycheque to paycheque out of necessity too. There is just no room for extras. Makes it much easier to stick to a budget when the money is so tight though...
Click to expand...

I find it harder to stick to a budget when money is so tight. When you don't have enough to pay for everything, your budget is always changing! It's not a good position to be in but I'm working on it! I've checked out the Dave Ramsey stuff but it doesn't apply when you don't make enough to cover everything.
 
urbnk8 said:
I find it harder to stick to a budget when money is so tight. When you don't have enough to pay for everything, your budget is always changing! It's not a good position to be in but I'm working on it! I've checked out the Dave Ramsey stuff but it doesn't apply when you don't make enough to cover everything.
Click to expand...

Don't rule Dave Ramsey out yet! If you read some of his testimonials, MANY of them started with more month left at the end of the money. I've always resisted writing down a budget because on paper there is no way to make everyone happy. It is so depressing. So we just live day to day without a plan.

Dave says that money is not logical, it has a dynamic. I've read Suze Orman books and she says the same thing. Treat it with respect and it will work for you. You have to control it (aka: budget :)) or it will control you. Ignoring the problem (not enough money to make ends meet) only makes the recovery period longer.

Reading Dave's books really point out areas that you can change to loosen up the budget. I am a big skeptic but just since Friday (when we made the committment to turn things around) we have received two BIG financial surprises that were not planned. The first step in The Total Money Makeover is to build an emergency fund of $1000. Last Monday I would have said it'd take a few months to "find" that much money. Now....we are almost there!!

I look at it like this....I can continue to be a victim or I can get mad enough to make the hard changes that need to be made. Today I'm sick and tired of being sick and tired! I'm mad enough to stop driving through McDonald's or "browsing" through Michael's :)

I am firmly on the "Dave Ramsey bandwagon" Singing his praises :sing: (I just added that line so I could use the smiley!!) I won't keep going on and on here but would be happy to PM anyone that worries that his plan won't work for you.
 
We are working to get back on a budget. It's just not fun.
 

Frequently Asked Questions

How can I start budgeting my money effectively?

To start budgeting effectively, begin by tracking your income and expenses for a month. Categorize your spending into fixed (like rent) and variable (like groceries) expenses. Use budgeting tools or apps to help you visualize your finances, and set realistic goals for saving and spending.

What percentage of my income should I allocate to savings?

A common recommendation is to save at least 20% of your income. However, this can vary based on your financial goals and obligations. Assess your personal situation and adjust the percentage accordingly, ensuring you still cover essential expenses.

How do I handle unexpected expenses in my budget?

To manage unexpected expenses, create an emergency fund that covers 3-6 months of living expenses. This fund can help you avoid financial strain when unforeseen costs arise. Regularly contribute to this fund as part of your budgeting process.

What tools can I use to help with budgeting?

There are several tools available for budgeting, including apps like Mint, YNAB (You Need A Budget), and EveryDollar. You can also use spreadsheets or traditional pen and paper if you prefer a more hands-on approach. Choose a method that you find easy to use and stick with it.

How often should I review my budget?

It's advisable to review your budget at least once a month. This allows you to assess your spending habits, make adjustments, and ensure you are on track to meet your financial goals. Regular reviews help you stay accountable and adapt to any changes in your financial situation.

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