Sunday, March 11, 2012

A New Way of Budgeting

With income the way it is for us right now-with Dan unemployed, but working pat time-we are never sure how much money we will have coming in in a given week.  This will continue even after he is driving dump truck and it has definitely been a learning experience so far!  We have known exactly how much he would bring home every two weeks for years, so this way of operating is completely different!

The question that keeps coming up is how can we budget for expenses for two weeks from now when we don't know how much money we will have in two weeks.  We don't really like the idea of just living week to week without any thought, and it doesn't seem like the wise thing to do.

So, our new plan as of April 1...on the first day of the month, we will deposit the previous month's income.  We can then budget very specifically what we will be able to do in that month as well as pay all bills at the beginning of the month.  We are excited about it because it takes a lot of the guesswork out of it all; but at the same time, it is a little bit scary, because we have never had to make money stretch for longer than two weeks, so we are going to be learning something completely new.  Wish us luck on this new endeavor.

Oh, and beginning in April, I'll be getting back to showing you our grocery shopping!

P.S. Here it is August and I still haven't gotten back to sharing our grocery shopping...hopefully soon!  And we also ended up deciding against doing a month's worth of budgeting at a time.  It just wasn't going to work out for us!

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