Budgeting and Spending Question

RHNewfie · 02-06-2009, 10:23 AM

Great response! Thanks! Is your personal allocation a fixed figure? How did you figure it out?

Prospector · 02-06-2009, 10:32 AM

Quote:

Originally Posted by RHNewfie

Great response! Thanks! Is your personal allocation a fixed figure? How did you figure it out?

When we first started doing this some 20 years ago they were indeed a percentage of income, but over the years with regularly changing incomes, costs, and needs they settled out as fixed monthly dollar amounts. Changes to these amounts are now infrequent, on an 'as really needed' basis, and carefully negotiated.

acarr · 02-06-2009, 10:42 AM

What you can do is separate out the expenses as to fixed...your monthly mortgage, car payment, health insurance ect...your yearly or semi yearly fixed costs like auto insurance, home insurance, property taxes unless this is included in your escrow of your home and monthly and yearly variable costs such as utilities, telephone, ect. The variable costs and semi yearly and yearly fixed costs are the only things you need to be concerned about as to changes. Look at your utility bills, telephone for the specific months in the past and budget those numbers based on the month. Same thing with the yearly/semiyearly fixed costs.

02-06-2009, 10:23 AM	#1
RHNewfie Have My Own Room Join Date: Oct 2008 First Name: Jeff Location: Oooooh Canadaaaaa Posts: 2,007 Trading: (15)	Re: Budgeting and Spending Question Great response! Thanks! Is your personal allocation a fixed figure? How did you figure it out? __________________ σπένδομαι

02-06-2009, 10:42 AM	#3
acarr Have My Own Room Join Date: Oct 2008 Posts: 1,307 Trading: (34)	Re: Budgeting and Spending Question What you can do is separate out the expenses as to fixed...your monthly mortgage, car payment, health insurance ect...your yearly or semi yearly fixed costs like auto insurance, home insurance, property taxes unless this is included in your escrow of your home and monthly and yearly variable costs such as utilities, telephone, ect. The variable costs and semi yearly and yearly fixed costs are the only things you need to be concerned about as to changes. Look at your utility bills, telephone for the specific months in the past and budget those numbers based on the month. Same thing with the yearly/semiyearly fixed costs.