Stackbacks New Blog
After a lot of requests, I’ve started up a stackbacks blog.
A little history…
I’ve been working on my own personal budget system ever since I started working. I’ve tried a lot of things, and a lot of things didn’t work. It finally clicked when I reached a balance in between watching pennies and spending frivolously. I setup two checking accounts, one to automatically pay my bills for me, and another that I could just waste the money in.
I started telling a few coworkers and friends about my new system, and to my suprise no one had heard of such a thing. I couldn’t believe that no-one else was doing this. So, I documented my system, and then created a website for it. Within a few weeks I had hundreds of visitors a day.
After numerous requests, I’ve created a blog to go along with it.
I’ve also put the personal budget system into a free e-book.
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January 17th, 2006 at 11:59 pm
I just ran across your website from the GTD email group. I’ve been using this system for a little more than 5 years now, and there’s no way I’m going back. Not only was I often overspending, but I also spent far too much time trying to reconcile transactions. No more. With instantly-updated account balances and the ability to check your account via cell phone or the web, this system gets just too easy. One thing you might want to add to your system are a couple of savings accounts. I have three. One for saving for vacations, one for big purchases (new computer, ipod, et al), and one for “rainy day” funds. I’ve set up automatic transfers from our “Bill Pay” account to each. If you’ve ever had trouble saving for that summer roadtrip, this system will take care it. Best of all, there’s no worrying about getting bills paid or spending money that you don’t have.
January 18th, 2006 at 8:41 pm
Hi Scott,
I can’t imagine going back either! I definitely use accounts like that for myself. I’ll be including those in an upcoming post. The way I see it, is once you have this base system set up, then you already have the foundation for adding those accounts. It’s just another planned expense.