Comments on: 6 Different Ways to Budget Your Money

By: Keith "Shin" Schindler

Keith "Shin" Schindler — Fri, 18 Nov 2016 01:42:04 +0000

Wow, Erin!

More great stuff. As I’m not a Line-item kind of guy, I like the other alternatives.

I basically budget all the set bills, including property taxes, and what’s left over gets saved and spent. Been working for a couple of years now.

Thanks for the awesome info!

By: Cara @ Fashionably Frugal

Cara @ Fashionably Frugal — Wed, 28 Sep 2016 22:25:07 +0000

I like seeing all these laid out together, thank you.
I kind of mix mine all up. I like to have everything planned and laid out, with X amount going to savings, X amount going to travel fund, etc. then I usually follow the envelope method for my groceries, gas, etc. But I play a game each month to see how much I can save while doing that, whether it’s buying groceries at the discount grocery store, or driving less. Then I take the leftover money and put it in saving too.

By: Hannah

Hannah — Wed, 24 Aug 2016 02:45:33 +0000

We love the zero sum budget, but I don’t think it always pays to be so rigorous. As long as you’re making headway and you and your spouse agree, I think the budgeting method works.

By: Kalie @ Pretend to Be Poor

Kalie @ Pretend to Be Poor — Tue, 23 Aug 2016 17:34:37 +0000

You’re so right that different approaches work for different people. We are in the last camp–tracking and values-based spending rather than a traditional budget. But this is after several years of traditional budgeting, and you’re right–it works for those who are already frugal. Thanks for laying all these options and whom it might work best for!

By: Josh

Josh — Tue, 23 Aug 2016 16:56:27 +0000

We mostly follow the line-item budget method. We do think of some things (savings and retirement) as percentages, but only after we set predetermined dollar amounts.

After all we pay $XXX.XX in credit card payments or electric bills, not 100% or 95%. Why? Because the amount usually varies each month. We set aside a normal amount like $100 as that is the monthly bill but sometimes it $101 & $92 the next month, etc.

By: giulia

giulia — Tue, 23 Aug 2016 12:05:20 +0000

Yes if you are in debt you need abudget and you need have also when you paid it off, I am debt free but I am focusing on savings so budget is really important…everyone has a personal method but thanks for sharing all these strategies!!!

By: Fehmeen

Fehmeen — Mon, 22 Aug 2016 15:59:31 +0000

I’m more of a ‘pay yourself first’ budgetor, because this method forces me to live within my means, no matter how much or how little money I earn that particular month. It’s a pretty easy way to ensure your savings go up regularly, and the easiest way to deal with that is to setup an automatic savings mechanism through an online banking platform so as soon as the salary arrives, a small portion of it is sent into another account, to be ‘forgotten’.