J and I have never bothered with a household budget before. It was something we didn't want to tackle and it seemed like a royal pain in the you-know-what to save every receipt and track it into a budget.
Well, we decided we want a bigger place. And to get that bigger place, we need to have an extra $100 a month. To do that, we need to know where our money is going. So, that's where a budget comes in.
I went onto Google Documents and found a budget spreadsheet that would work well for our family and started inputting numbers. Since this month has already started, obviously our budget will be a little off, but it will definitely help.
The spreadsheet has a projected column and an actual column. At the beginning of the month, I plan on entering in all the numbers for the projected column so I know what we can expect to spend during that month. Then, as we spend money, I'll have us save our receipts for every little thing we purchase. Then, at the end of the day, I'll insert those items into the actual column. Then, we can compare the numbers at the end of the month and see how we came out.
I think this will be a great way to see where our money is going and how we can cut back.
How do you budget for your household? Do you use a spreadsheet or some other format?