New Posts New Posts RSS Feed - What is in your budget?
  FAQ FAQ  Forum Search   Events   Register Register  Login Login


What is in your budget?

 Post Reply Post Reply
Author
Rachael21 View Drop Down
Senior Member
Senior Member
Avatar

Joined: 01 January 1900
Location: New Zealand
Points: 4700
Post Options Post Options   Thanks (0) Thanks(0)   Quote Rachael21 Quote  Post ReplyReply Direct Link To This Post Topic: What is in your budget?
    Posted: 01 November 2010 at 11:40am
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
Back to Top
Sponsored Links


Back to Top
clover View Drop Down
Senior Member
Senior Member
Avatar

Joined: 21 July 2008
Points: 2090
Post Options Post Options   Thanks (0) Thanks(0)   Quote clover Quote  Post ReplyReply Direct Link To This Post Posted: 01 November 2010 at 12:09pm
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.
Back to Top
MrsMojo View Drop Down
Senior Member
Senior Member
Avatar

Joined: 18 March 2008
Location: Wellington
Points: 8202
Post Options Post Options   Thanks (0) Thanks(0)   Quote MrsMojo Quote  Post ReplyReply Direct Link To This Post Posted: 01 November 2010 at 2:06pm

I used this worksheet from NZ Federation of Family Budgeting Services.

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/

Back to Top
GuestGuest View Drop Down
Senior Member
Senior Member


Joined: 21 April 2008
Points: 3600
Post Options Post Options   Thanks (0) Thanks(0)   Quote GuestGuest Quote  Post ReplyReply Direct Link To This Post Posted: 01 November 2010 at 2:15pm
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

Back to Top
Rachael21 View Drop Down
Senior Member
Senior Member
Avatar

Joined: 01 January 1900
Location: New Zealand
Points: 4700
Post Options Post Options   Thanks (0) Thanks(0)   Quote Rachael21 Quote  Post ReplyReply Direct Link To This Post Posted: 01 November 2010 at 9:37pm
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!
Back to Top
snugglebug View Drop Down
Senior Member
Senior Member
Avatar

Joined: 24 June 2009
Location: North Shore
Points: 2146
Post Options Post Options   Thanks (0) Thanks(0)   Quote snugglebug Quote  Post ReplyReply Direct Link To This Post Posted: 04 November 2010 at 8:28am
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).

Edited by LittleN
Me 28, DH 29
DS born 20 Nov 2010 (4 years old)
#2 due October 7
Back to Top
jadex3 View Drop Down
Newbie
Newbie


Joined: 17 December 2010
Points: 5
Post Options Post Options   Thanks (0) Thanks(0)   Quote jadex3 Quote  Post ReplyReply Direct Link To This Post 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.
Back to Top
AandCsmum View Drop Down
Senior Member
Senior Member
Avatar

Joined: 13 May 2008
Location: Palmerston North
Points: 8433
Post Options Post Options   Thanks (0) Thanks(0)   Quote AandCsmum Quote  Post ReplyReply Direct Link To This Post Posted: 18 December 2010 at 11:17pm
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


A = 01.02.04   &   C = 16.01.09   &   G = 30.03.12
Back to Top
 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.10
Copyright ©2001-2017 Web Wiz Ltd.

This page was generated in 0.688 seconds.