Need help with a budget categories - Mothering Forums

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#1 of 6 Old 03-26-2012, 09:25 AM - Thread Starter
 
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I'm wondering if anyone can direct me to a good resource on how much of our income should go to each category? I know housing is the most-I think I read it should be about 30% of your income- but I want a little more help in determining if we are breaking up our budget in a way that makes the most sense. We do not have any outstanding debts (student loans and credit cards are finally paid off!) and we do live within our means. BUT, when it comes to things that aren't necessarily fixed (clothing, gifts, etc.) DH and I are pretty different.  I feel like we could both benefit from an "expert" opinion on this. Most of the things I find seem to be about staying out of debt, or making good investments. I'm having trouble finding stuff that helps explain the mechanics of family budgeting. I prefer books or online resources if you've got them. We have a pretty modest income and I don't think we could really pay a financial adviser. Thanks!

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#2 of 6 Old 03-26-2012, 09:34 AM
 
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Here is a great guide and worksheet:

 

http://www.gailvazoxlade.com/resources/guide_to_building_budget.html

 

Gail's entire website is a great resource.  Good luck!


N, wife to my goofball K partners.gif and mamma to my EC grad D (July 2010) and my new little love S (May 2013).  Exploring the uncharted territory of tandem nursing with my two boys.

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#3 of 6 Old 03-26-2012, 09:51 AM - Thread Starter
 
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Thank you!

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#4 of 6 Old 03-26-2012, 10:00 AM
 
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Here is another strategy 50/30/20

http://money.msn.com/how-to-budget/how-much-should-you-spend-on-weston.aspx


Sara - Mum to C (10/02) ; m/c 10/07; 7/08; 3/09; Lucy Olive Feb 28, 2010 !
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#5 of 6 Old 03-26-2012, 10:20 AM
 
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I just checked out this site. Like the budget worksheet she created.

Quote:
Originally Posted by nstewart View Post

Here is a great guide and worksheet:

 

http://www.gailvazoxlade.com/resources/guide_to_building_budget.html

 

Gail's entire website is a great resource.  Good luck!



 


Sara - Mum to C (10/02) ; m/c 10/07; 7/08; 3/09; Lucy Olive Feb 28, 2010 !
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#6 of 6 Old 03-26-2012, 10:57 AM
 
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Quote:
Originally Posted by SunRise View Post


I just checked out this site. Like the budget worksheet she created.



 



It is super handy, especially for someone mathamatically challenged like myself.

 


N, wife to my goofball K partners.gif and mamma to my EC grad D (July 2010) and my new little love S (May 2013).  Exploring the uncharted territory of tandem nursing with my two boys.

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