It is really a struggle to keep up with my personal budget especially
because I’ve been craving for a lot of food lately. So I’ve been spending over
the top of my personal budget. Even though
we’ve been married for over a year now, we want to keep a personal budget. It’s
what we call personal allowance.
Now, keeping a personal budget is similar to keeping a
family budget. But family budgets are more tedious to do. They require more
diligence and effort. I’ve been practicing family budget since January of this
year and I must admit that there were months where I was not able to religiously
list down everything. They were the months of January, April and May.
I simplified our family budget to only contain 7 items
namely Electric Bill, Water Bill, Internet and Cable, Food and Groceries, Leisure,
Car related expenses and Savings/Investments. I also set limits on everything except
for the savings/investment part. Well I talked to my husband about the limits.
Every end of month I send an email to him detailing about our month’s finances.
I also include there if we’ve gone over budget, under budget or just break
even.
I think this system works for us because I’ve been able to
track down our family expenses (religiously I mean) since June. So we will keep
on doing this until it is applicable. I hope it will not be an everyday
struggle moving forward. J
