I love the peace of mind I have knowing what money we have and where it’s going (instead of wondering where it went). Once you set one up and stick to it for a few months, you’ll never want to go back.
I agree Amber with the PEACE OF MIND. Especially if funds are Tight. It’s really helped me to sleep better after I’ve figured things out…even if there’s not enough money for everything…at least I’ve tried!
I also have to adjust my budget 1/2 way through the month and each month because of irregular income. You may have to adjust yours month by month as you go. It’s a working budget not one budget set in stone for the whole year.
and it is great! you see exactly what you have to spend for each budget. there is no guess work, because you can physically see what money is left. once the money is gone, you are done with that part of the budget until the next paycheck. Since you are paid once a month, you budget should be easy to get started with guaranteed payday loans online, yes it is very overwhelming at first, but keep it up and it gets alot easier pretty quick. First thing you want to do is before spending a penny, is get all your bills together, and the budget form, or even just a plain piece of paper. the budget from might help you from forgetting something though. at the top, put in the ammount of your check, and just go down the list entering in all your household and car bills. subtracting as you go, so you have a running total of what is left. put in what you need for food, entertainment, and any other categories you need to fill in. the last thing being your unsecured debt. put in the min payment sof all those debts. and once all is filled in, what you have left you want to put in your bef., once bef is at $1000, then you move that money to your lowest debt on the sheet, and you work the debt snowball that way.
By the third or forth month, you will have a good feel of how it will go. every month may change, but it should be pretty close for you by this point, month to month.
I had the same Wal-Mart dilemma, and here is what helped me (disclaimer: I am the nerd in our house):
I have separate envelopes for groceries, household, personal/toiletries, and dog. At the register, I pay for everything out of the grocery envelope. When I get home, I use the receipt splitter spreadsheet to figure out how to reimburse the other envelopes (I am pretty sure that spreadsheet is in the files).
I check out the deals at www.moneysavingmom.com, www.couponmom.com, and www.hotcouponworld.com before I go shopping to get the best deals on everything by combining coupons and sales. I am getting most of our toiletries, OTC meds, and household products for literally pennies on the dollar using the CVS Extra Care program – it is well worth trying.
This is what has worked for me – hope it’s helpful for you too. Hang in there, and good luck!