Military Nesties
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Budget question

For those of you who set aside money for clothes, presents, car expenses, etc where do you put it? I'm sure you don't have 12 different accounts so do you just keep it all together but know how much is going to each?
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Re: Budget question

  • I don't do this but I know tons of people that swear by the envelope method.

    This doesn't work though if you're like me and see cash and think "SPEND ALL THE CASH ON ALL THE THINGS!!!!"

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  • I keep a spreadsheet for the account of what money is allocated for what. 
    I've seen a lot of military surprise homecomings. It wouldn't work on me. I always have my back to the corner and my face to the door. Looking for terrorists, criminals, various other threats, and husbands.
  • We have the Quicken software, and H took the time to set it all up with the budget for things and it can track your spending.  We don't really follow the budget that well though, so there's that.  But Quicken is awesome and we do use it to keep track of all of our spending and bills and stuff.  I've heard good things about mint.com too and I think that might be free.
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  • imageWishIcouldbeinthe'stan:
    I keep a spreadsheet for the account of what money is allocated for what. 

    This is what we do too. It all goes into one savings account but we update the spreadsheet every month with the correct amounts of each one.

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  • We do have a separate savings account.  It's technically called travel savings, but we use it to pay for other large splurges.  

    Gifts and things like that just come out of the normal account.  We don't budget to a very precise degree. 

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  • imageWishIcouldbeinthe'stan:
    I keep a spreadsheet for the account of what money is allocated for what. 

    We do the same thing.  Paper $ burns a hole in my pocket, I can't be trusted.  

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  • imageSgt M's Wife:

    I don't do this but I know tons of people that swear by the envelope method.

    This doesn't work though if you're like me and see cash and think "SPEND ALL THE CASH ON ALL THE THINGS!!!!"

    Bingo! I use mint.com, H uses some color coded excel sheet that he makes his heart sing. But we sort of "reverse budget" in that we look back at the previous month and see where things went. We're not saving for anything in particular, so after paying down debts and bills, our leftover just goes into savings. Some of it's going to end up in the stock market soon I think. If you want it all in one giant "savings" account, then I would use a digital method to track what's going where.  

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  • Also, I think ING makes it super easy to have separate savings accounts. I think we'll end up there when the SDP gets deposited back to us. 
    I've seen a lot of military surprise homecomings. It wouldn't work on me. I always have my back to the corner and my face to the door. Looking for terrorists, criminals, various other threats, and husbands.
  • imageSgt M's Wife:

    I don't do this but I know tons of people that swear by the envelope method.

    This doesn't work though if you're like me and see cash and think "SPEND ALL THE CASH ON ALL THE THINGS!!!!"

    Hahaha love it! 

  • I joined Mint & like it so far. If this doesn't work then I'll move to the spreadsheet. Thanks ladies. 
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