How do I start budgeting?

Home Forums Miscellaneous How do I start budgeting?

This topic contains 0 replies, has 1 voice, and was last updated by  jensen breck 2 weeks, 4 days ago.

  • Author
    Posts
  • #274540

    jensen breck
    Participant

    Hi everyone,

    Everyone keeps saying “budgeting is important, set a budget”.
    I have no idea how. I don’t spend my paycheck away, basically I pay my mortgage, monthly expenses of utilities, insurance, etc.. and whatever else is remaining goes into my savings/checking accounts with near %0 interest. (This is after mine and wife’s ROTH and my Traditional/SIMPLE IRA, and after fixed amount per month set aside for son’s college fund)

    I am not a big spender and most of our spending is just daily groceries, etc, occasionally eating out, shopping etc.
    I feel like if I budget, I will spend more, so I just try to avoid spending as much as possible, but I don’t feel like I am missing out on anything. I don’t go and buy a new TV because mine is old, I’ll replace it when it dies.

    Any suggestions?

    Also you can check this

    whiteboard animation

You must be logged in to reply to this topic.