20 Items to Remember to Budget!

Ever built a budget for the month and realized later that you forgot about something so obvious? Been there! If you’re like me, you had an extensive meeting with your spouse to make sure every detail was cared for, but yet something came up that you probably should’ve expected and should’ve discussed in that “extensive meeting” and just didn’t.

Well here’s a list of basic things to be sure to add to your budget so you can build your best budget possible. It works for our family of 2, but I think it will be a decent guideline for any size of family (food is still food and bills are still bills, right?). I’ll start with the obvious and move to the less common.

Side note 1: we use a free app called Every Dollar for our budget, and we love it!!

Side note 2: get out your calendar for the month so you have an idea of the extra items like birthdays you’ll be spending money on!

Side note 3: for extra tips on saving money on your bills, check this out!

Here we go! (and if you use Every Dollar, you can choose to have your budget copied from last month, create an entirely new one, or edit your last month’s budget for the coming month…so no need to remember these items each time!)

1. Mortgage/rent

2. Food – groceries and restaurants (will you be having company at all this month?)

3. Gasoline

4. Electricity/gas

5. Water/garbage

6. Phone bill

7. Car insurance

8. Car maintenance/savings for car maintenance

9. Clothing – dry cleaning or needed items

10. Entertainment (Don’t forget your friends asked you to go to that show with them!)

11. Gifts (Whose birthday or baby shower is coming up?)

12. Emergency fund (for a flat tire, sudden death in the family, etc; $1,000 is a good goal for this!)

13. Savings

  • Short term funds (for things like computers and vacations that need more than one month’s budget to purchase)
  • Long term savings (for a house, a new car, bigger emergencies; Dave Ramsey suggest saving 3-6 months worth of income for the bigger unexpected things)
  • Retirement (don’t rely only on the government, please!)

14. Life insurance

15. Health/health insurance

16. Travel

17. Home maintenance

18. Homeowners/Renters insurance

19. Education

20. Miscellaneous

Bet you didn’t think the list could be so long for “basics!” Let me know if I missed something!

Photo credit: Pictures of Money | Cropped

10 Things Frugal People Do (Part 1)

budget-savings-danaleighjones-dana lee jones - simpleWe can all agree that managing our finances is not always easy. Sometimes we need a little reminder of what direction we are supposed to be heading. Sometimes we need a reminder or an idea of how we can be saving more money for a better financial future.

I like to think I grew up learning frugality. I know that I am frugal, regardless of how I arrived here. I don’t mean I have arrived and know it all; I certainly do not know it all! But for lack of a better term, I’ve arrived at being cheap. Plain and simple. Regardless being frugal or needing to learn it, I hope some of these tips will help you toward your next financial goal.

Don’t buy anything at the store that you can make at home for cheaper. Now the list of things you can make at home for cheap is seemingly limitless, so you have to know your personal limits. I work full time and have chosen a rather busy lifestyle, so there are some things I need to buckle down and learn…when I have time. However, with our loose “no spending rule” going on right now, I’ve learned how to make homemade spray starch for clothes (no chemicals and way cheaper? YES!) for starters and am excited to learn more! What can you make instead of buying?

Borrow instead of buying when possible. We don’t buy movies, games, or tools. We borrow. We have enough friends that movies, games, and tools are more than readily available in a wide variety. Not only do tools and toys cost money, there’s maintenance too!

Don’t eat out. This is similar to #1, but it’s so important that it has to be reiterated and in a category all its own. Eating out is such a money sucker! It’s literally a moment of pleasure for double or triple the cost if you had bought the ingredients and made it yourself. Don’t let convenience win out. Plan your meals ahead of time, so you don’t have to wonder about dinner when you’re already starving. For the occasional times your spouse is treating you, even if it’s an anniversary, check Retail Me Not for good deals and choose where to go based on coupons you find.

Look for the best price possible. Using Krazy Koupon Lady, the Sunday morning newspaper, and countless other tools, you can easily find the best deals. Tiffany at Don’t Waste the Crumbs has this awesome idea of keeping a “price book,” suggesting you take a journal shopping and make a list of the main grocery stores you shop, the main foods you buy, and their prices per units, then refer to that when you’re wondering where to buy what. Such a novel idea.

Never pay full price for retail items. Not paying full price would apply more to clothes, shoes, home goods, etc. After all, sometimes you have to pay full price for gasoline, but you can still be getting the best deal. I always shop the clearance racks and cannot remember the last time I paid full price for our clothes. We just don’t go there. And even with not paying full price, I still look for coupons. There are too many clearance items, great sales, and coupons out there to pay full price for anything.

Part 2 of 10 Things Frugal People Do will be continued next week. Until then, let me know what you can implement this week!

Photo credit: Ken Teegardin | Cropped