Sunday, July 27, 2014

Finding a budget system that works

We currently use an Excel spreadsheet for our budget. I took Michelle Singletary's free budget template (unfortunately I don't remember exactly where it came from, but you can google for it) and added a third tab where we enter individual transactions. Then the spreadsheet adds them up into the "expenses" tab. (If anyone wants this, leave a comment with your email address and I'll send it to you.)

This is working pretty well on the whole, but what it doesn't have is an easy way to see how much money you still need to spend this month. For example, we haven't paid our rent yet (it's due the 1st). But there is nowhere that our budget says, "Be careful! You still have to pay this bill! That "extra" money is not really extra!" We considered buying YNAB (www.youneedabudget.com), which has really good reviews, but didn't want to spend the money right now. So first I'm going to try to edit the spreadsheet and see if we can come up with something free. I'll post back and update.

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