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Budget is working!!!!

November 2nd, 2010 at 06:42 am

My informal budget plan-- to spend no more than $400 a week for everything, such as diapers, formula, clothes, gas groceries, etc...ALL of it-- is actually working.

It's crazy. It's been about six weeks since we've started and it has been on the mark or slightly under every single week.

As a result, I was able to up the contributions to the kids' 529s by $50 a month and add $50 more a month to the savings account. In another two weeks, I may feel confident enough to up the savings a little more.

All of this, and we have still spent on extras and stayed under budget. I bought most of the kids' Christmas gifts, paid our entry fees for warrior dash, and bought some fancier cuts of meat to help me feel less deprived on my 6-week weight loss diet.

I guess I wonder why I didn't do this sooner.

14 Responses to “Budget is working!!!!”

  1. Joan.of.the.Arch Says:

    Way to go!

  2. creditcardfree Says:

    Nice job!!

  3. NJDebbie Says:

    Excellent!

  4. campfrugal Says:

    Great job on staying within budget.

  5. Looking Forward Says:

    That's great! I think I might try "copying" you.

  6. momcents Says:


    I became inspired to "save" as much as I could from the "spend" envelopes. It is unrealistic for me to think about doing that during Nov/Dec (our high spending months). But I am inspired now to see how much I can save while spending.

    Good going!

  7. scottish girl Says:

    Brilliant!

  8. Ima saver Says:

    Good for you!

  9. ThriftoRama Says:

    I think it works because it's simple. A spending cap that includes everything, rather than sitting down and trying to say $40 for food, $60 for gas, etc. Not too much to keep track of. I just have to keep a running tally in my head, which isn't too hard.

  10. Homebody Says:

    I agree with Thrift. When doing the envelopes, I get stealing from others, I think a set amount for everything is good.

  11. Dandi Lion Says:

    Whatever works!

  12. Debtnomore Says:

    That's great! Yeah I find I rob envelopes when trying to do the envelope system. I kind of have an idea of what to spend on food but it's not something I'm going to worry about if I go over. As long as I stay within how much I plan to spend during the week.

    It's amazing how much better we do financially we have a plan..even a really simple plan.

  13. ThriftoRama Says:

    Today was surreal. My budget is set for $400 a week. ($800 every two week pay period) Paid the bills for the past two weeks today and they all came in under $550. I have no idea how that happened!

  14. BudgetMstr Says:

    It's great to hear such success. One thing to watch out for is that sometimes success can be misleading if you forget to account for some expenses. Most budgeting tools have no way of highlighting these missed expenses, and you will think you are under budget when you really aren't.

    I'd like to let everybody know about a new budgeting software called '3D Budget'. 3D Budget is the only budgeting tool that I am aware of that can truly balance your budget with your available funds. It reconciles your budget with your credit accounts and your cash accounts. 3D Budget is currently offering free permanent licenses to anybody who helps test its Beta version. Search for "3D Budget" in any search engine to visit the website.

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