What is in your budget?
Printed From: OHbaby!
Category: Support
Forum Name: Budgeting
Forum Description: Want to save before baby arrives? Struggling on one income? Found some great ways to make your dollar go further? Share your thoughts & tips here.
URL: https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36483
Printed Date: 25 April 2024 at 12:57pm
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Topic: What is in your budget?
Posted By: Rachael21
Subject: What is in your budget?
Date Posted: 01 November 2010 at 11:40am
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I am in the process of making a budget and don't really want to leave anything out. So what do you budget for and how much (if you don't mind sharing). I'm a bit lost on how much to budget for...
Thanks 
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Replies:
Posted By: clover
Date Posted: 01 November 2010 at 12:09pm
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I'm happy to email you mine if you want but basically I've written down all our bills, like literally all of them and their cost per month. Mine are:
Mortgage Electricity / Gas (estimate of monthly amount) Phone / Internet Sky Car Registration WOF & Maintence Insurance - Life H's phone Rates Insurance - Car Insurance - Health Insurance - Home & contents Petrol Food Cellphone - me Wheelie bin I think that is all. They are all actual costs apart from electricity that I budget at $180 per month. ------------- http://lilypie.com"> 
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Posted By: MrsMojo
Date Posted: 01 November 2010 at 2:06pm
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I used this worksheet from NZ Federation of Family Budgeting Services. http://www.familybudgeting.org.nz/documents/Budget%20Worksheet.xls - http://www.familybudgeting.org.nz/documents/Budget%20Worksheet.xls Here's a link to their site too, there's some good info http://www.familybudgeting.org.nz/ - http://www.familybudgeting.org.nz/ -------------  
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Posted By: GuestGuest
Date Posted: 01 November 2010 at 2:15pm
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This is our budget breakdown. I think everyone would be different in terms of numbers eg we both work and have no kids so so there probably isn't much point giving you ours......
Mortgage Groceries Petrol Pocket Money Pets Cars Gifts General Insurance Medical Insurance Hobbies Power Phone Sky Rates Mobile Phone Alcohol Takeaways Restaurants Clothes Haircut Health/Beauty DVD Hire/Movies Bank Fees Misc Holidays |
Posted By: Rachael21
Date Posted: 01 November 2010 at 9:37pm
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Ooo yours is good little red. I'm a single Mum and still have one more year of study before I've finished my degree so things are pretty tight. I just got snapped out needing a new rego and no money to pay it so I really need to get tough on money. Thanks for the websites Jo they are really helpful and thanks Clover I've pretty much copied yours!
Ive had a few more accounts added to my internet banking so I can hopefully follow it quite easily! |
Posted By: snugglebug
Date Posted: 04 November 2010 at 8:28am
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My weekly budget basically includes
Rent Groceries Petrol Personal loan Bills- what I have done with this is I worked out what bills are due each week of the month and how much they cost. at a maximum. Then I put aside an amount each week which covers that and some more. I put this money into a separate account and that surplus helps to cover bills that are not as regular like car registration/warrant etc so I don't get caught out. For me, I put aside $200 a week and some weeks that only covers what bills I have but other weeks there's a surplus, which I leave there for a surprise bill or if I put too much on the credit card. The other way to do it is to work out what all your bills are in a year and work out how much they cost you in a week and put aside an amount each week so there'll always be enough there, but I tried that before and it didn't really work for me as amounts are so variable. But it could work for you. Hope that helps you Whatever is leftover after these essential costs, I use for things like entertainment or clothes or whatever. I have made my grocery shopping budget higher so that it can incorporate beauty items or cleaning items that I need, otherwise I found those things would consistently bring me over budget... it's working much better just to have a bigger budget for it in the long run (only talking say $10 extra week). ------------- Me 28, DH 29 DS born 20 Nov 2010 (4 years old) #2 due October 7 http://lilypie.com" rel="nofollow"> 
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Posted By: jadex3
Date Posted: 17 December 2010 at 1:53pm
| Hi i have just been reading this and how do you decide how much to put in each like clothes, presents, takeaway ect i was just trying to start a budget for next year and i cant decide what to do. |
Posted By: AandCsmum
Date Posted: 18 December 2010 at 11:17pm
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We have an amount fortnightly that we put into a separate account. Covers all the usual as above but also servicing & tyres for our car. Kids activities.
It is extremely reassuring to see that money sitting there for my bills. Way less stress  ------------- Kel http://lilypie.com"> 
A = 01.02.04 & C = 16.01.09 & G = 30.03.12 |