Beat Budget Blowouts: Give Yourself An Allowance

Posted February 1st, 2012 in Budgeting by Jeremy Waller

Why is it that so many people (myself included) have trouble sticking to a budget? There are usually a few problem areas that kill the budget every month.

It’s rare that something like your gas bill causes you to go over budget. It’s almost always the discretionary spending – things like going out to eat, shopping and entertainment.

It’s no fun to limit spending in those areas. That’s why most people don’t like budgets in the first place. Who cares about budgeting for your mortgage? It’s putting a limit on the fun stuff that can be difficult.

How do you conquer this? Continue Reading »

How To Live On One Income – A Budget For A One Income Family

Posted December 12th, 2011 in Budgeting by Jeremy Waller

Can you live on one income? It may not seem like if you have always had a two income household. But its totally doable.

A year ago, I might have felt differently, but this year we’ve moved to one income in our household. With the birth of our twin boys we made the decision that my wife would stay home to take care of them. It has been totally worth it for her to be able to say home, but the reality is it has had a significant impact on our finances. Continue Reading »

Giving Christmas Gifts On A Tight Budget

Posted December 1st, 2011 in Budgeting, Frugal Living by Jeremy Waller

It’s that time of the year again. Christmas is coming. I love Christmas. It’s a great opportunity to spend extra time with your family. It’s a time for Christmas traditions. And for a lot of people it’s a time to totally blow their budget out of the water.

Christmas doesn’t have to be that way. It’s just that most of us have bought into this materialistic mindset.

It’s Christmas! You have to buy presents for everyone! Who are you? Ebenezer Scrooge? Continue Reading »

How To Grocery Shop On A Budget

Posted November 9th, 2011 in Budgeting by Jeremy Waller

One of the hardest things for me has been sticking to a grocery budget. I kinda love to eat. Well, there is no ‘kind of’. Me and food have this thing. Everyone has their vice. Food is mine.

That leads to problems in the grocery budget. I can easily make a “milk run” to the store and end up spending $75.

So this month, I’ve implemented a new set of guidelines to make it easier to stay within our grocery budget. This has sort of worked out as a guide on how to grocery shop on a budget. Continue Reading »

The Average Cost of Food Per Month for One Person Is Surprising!

Posted September 26th, 2011 in Budgeting by Jeremy Waller

When I was in college I lived on a very lean budget. One of the leanest areas was what I budgeted for food. My entire food budget was $25 per week. That included both groceries and any dining out. (Needless to say, I didn’t do much dining out.)

I always knew that my food budget was really low. What I didn’t realize was how low it was.

Continue Reading »

Sample Average Monthly Budget For a Single Person Or College Student

Posted September 20th, 2011 in Budgeting by Jeremy Waller

Sample Average Monthly Budget For a Single Person Or College Student

Not long ago I wrote on how to make a budget plan. If you really want a detailed look at how to set up a reasonable budget for yourself then take a look there. If you are learning to budget or just want some easy to follow numbers though then I’ll try to break it down in this post.

Since I don’t know your specific situation I’m going to use some very broad assumptions.

I’m going to base this sample budget on someone working full time at $10/hr. That’s probably a pretty safe number for someone who is just getting out on their own.

If you make less than that then you’ll have to cut some of the numbers below. If you make more then follow the budget below and save the rest! Continue Reading »

How To Make A Budget Plan

Posted August 29th, 2011 in Budgeting by Jeremy Waller

In the world of personal finance learning how to make a budget is one of the most important skills to know. If you know how to create a budget and stick to it then you are well on your way to being a good steward with your money.

There are all kinds of ways to approach this topic. No doubt if you’ve done any searching you’ve already found a dozen people each with their own method of making a budget.

In my opinion there are two ways to go about this depending on your situation. Continue Reading »