Comments for Personal Budget Planning http://stackbacks.com/blog How to budget money, save money, and get rich Wed, 20 Aug 2008 17:57:26 +0000 http://wordpress.org/?v=2.0.2 Comment on Cash Allowance by Cash Allowance File http://stackbacks.com/blog/2006/10/31/cash-allowance/#comment-1110 Tue, 28 Nov 2006 19:18:32 +0000 http://stackbacks.com/blog/2006/10/31/cash-allowance/#comment-1110 [...] The cash allowance is used to budget cash for myself, maintaining the balance between using a debit card and using cash. To summarize… What I’ve worked out is a cash allowance. Each week I allow myself $60 cash as part of my living expense. The rest stays in the account, coming out on the debit card. This allows me to consistently have cash if the need arrises, but still have money to make online purchases. [...] […] The cash allowance is used to budget cash for myself, maintaining the balance between using a debit card and using cash. To summarize… What I’ve worked out is a cash allowance. Each week I allow myself $60 cash as part of my living expense. The rest stays in the account, coming out on the debit card. This allows me to consistently have cash if the need arrises, but still have money to make online purchases. […]

]]> Comment on Avoid Overdrafts and Unavailable Funds by Matthew http://stackbacks.com/blog/2006/11/14/avoid-overdrafts-and-unavailable-funds/#comment-912 Tue, 14 Nov 2006 19:42:41 +0000 http://stackbacks.com/blog/2006/11/14/avoid-overdrafts-and-unavailable-funds/#comment-912 There's an even better way to do this. I had trouble convincing myself that $100 was *really* zero, since it said right there in Quicken that I still had $100. (Of course, I'd probably forgotten to enter some transactions, so the actual account balance was less than $100.) I wrote myself a check for $100. I entered it in Quicken. Then I tore it up. Now my checkbook still balances (there's just this one check that never clears), and when Quicken tells me I'm at zero, I stop spending. There’s an even better way to do this. I had trouble convincing myself that $100 was *really* zero, since it said right there in Quicken that I still had $100. (Of course, I’d probably forgotten to enter some transactions, so the actual account balance was less than $100.)

I wrote myself a check for $100. I entered it in Quicken. Then I tore it up. Now my checkbook still balances (there’s just this one check that never clears), and when Quicken tells me I’m at zero, I stop spending.

]]> Comment on Mastering Your Budget Week 1 - Setting up a Second Checking Account by Mastering Your Budget Week 4 - Manage your budget http://stackbacks.com/blog/2006/01/23/mastering-your-budget-week-1-setting-up-a-second-checking-account/#comment-717 Tue, 31 Oct 2006 18:02:03 +0000 http://stackbacks.com/blog/2006/01/23/mastering-your-budget-week-1-setting-up-a-second-checking-account/#comment-717 [...] This week’s assignment is the audit. You’ve setup a new checking account, identified your planned expenses, and directed your cash flow. Now it is time to monitor your system. [...] […] This week’s assignment is the audit. You’ve setup a new checking account, identified your planned expenses, and directed your cash flow. Now it is time to monitor your system. […]

]]> Comment on How to Save for Big Ticket Items by Spend your money on crap http://stackbacks.com/blog/2006/02/16/saving-for-bigger-items/#comment-716 Tue, 31 Oct 2006 17:58:53 +0000 http://stackbacks.com/blog/2006/02/16/saving-for-bigger-items/#comment-716 [...] This fits in perfectly with the stackbacks budget system. Go ahead, blow your living expenses on fancy dinners, spend your big ticket savings on a BMW, just don’t spend more than that. Enjoy this post? Bookmark on del.icio.us or subscribe. [...] […] This fits in perfectly with the stackbacks budget system. Go ahead, blow your living expenses on fancy dinners, spend your big ticket savings on a BMW, just don’t spend more than that. Enjoy this post? Bookmark on del.icio.us or subscribe. […]

]]> Comment on Mastering Your Budget Week 1 - Setting up a Second Checking Account by Chris http://stackbacks.com/blog/2006/01/23/mastering-your-budget-week-1-setting-up-a-second-checking-account/#comment-323 Sat, 05 Aug 2006 05:15:23 +0000 http://stackbacks.com/blog/2006/01/23/mastering-your-budget-week-1-setting-up-a-second-checking-account/#comment-323 I just opened my accounts, and was going to follow the advice of JonaricAric - open two checking accounts at the same bank. As it turns out at my bank you can direct deposit and bill pay from savings. So my plan is to use the savings as the "inbox" and for automated payments. Transfer my variable expense money to the cheking. Anything else that I actually save gets transfered to another institution with a higher intrest yield (and it takes a few days to get at it so I don't break my piggy bank). I just opened my accounts, and was going to follow the advice of JonaricAric - open two checking accounts at the same bank. As it turns out at my bank you can direct deposit and bill pay from savings. So my plan is to use the savings as the “inbox” and for automated payments. Transfer my variable expense money to the cheking.

Anything else that I actually save gets transfered to another institution with a higher intrest yield (and it takes a few days to get at it so I don’t break my piggy bank).

]]> Comment on Not living by my own rules. by stackbacks http://stackbacks.com/blog/2006/03/08/not-living-by-my-own-rules/#comment-198 Fri, 02 Jun 2006 20:51:32 +0000 http://stackbacks.com/blog/2006/03/08/not-living-by-my-own-rules/#comment-198 Good call tanya, I just recently switched to a hosting company that allows me to easily host multiple virtual sites. Definitely saving a bundle of money and time now! Good call tanya, I just recently switched to a hosting company that allows me to easily host multiple virtual sites. Definitely saving a bundle of money and time now!

]]> Comment on Not living by my own rules. by tanya http://stackbacks.com/blog/2006/03/08/not-living-by-my-own-rules/#comment-186 Wed, 31 May 2006 17:24:50 +0000 http://stackbacks.com/blog/2006/03/08/not-living-by-my-own-rules/#comment-186 I'm not sure how you have your website hosting package - but if you have multiple websites and domains you might want to consider reseller hosting - one price, and you can host all your own (and other domains). Mine for example is about $8.00 monthly, and I can set up unlimited websites. I’m not sure how you have your website hosting package - but if you have multiple websites and domains you might want to consider reseller hosting - one price, and you can host all your own (and other domains). Mine for example is about $8.00 monthly, and I can set up unlimited websites.

]]> Comment on Budgets and Bookkeeping, Prerequisites for Wealth by Ross Mohn http://stackbacks.com/blog/2006/04/24/budgets-and-bookkeeping-prerequisites-for-wealth/#comment-152 Fri, 12 May 2006 12:46:41 +0000 http://stackbacks.com/blog/2006/04/24/budgets-and-bookkeeping-prerequisites-for-wealth/#comment-152 I'm ready for metrics, bring it on! -RPM I’m ready for metrics, bring it on! -RPM

]]> Comment on 3 tips to make better use of coupons by FAT http://stackbacks.com/blog/2006/02/17/3-tips-to-make-better-use-of-coupons/#comment-151 Fri, 12 May 2006 08:53:32 +0000 http://stackbacks.com/blog/2006/02/17/3-tips-to-make-better-use-of-coupons/#comment-151 If ye dinna catch nae fish, ye dinna get nae pay If ye dinna catch nae fish, ye dinna get nae pay

]]> Comment on Why computers need their own bank accounts by saji http://stackbacks.com/blog/2006/01/24/why-computers-need-their-own-bank-accounts/#comment-97 Mon, 10 Apr 2006 02:52:22 +0000 http://stackbacks.com/blog/2006/01/24/why-computers-need-their-own-bank-accounts/#comment-97 This is so true! The underlying cause of the problem. This is so true! The underlying cause of the problem.

]]>