- $100 cash withdrawn every Sunday or Monday - this will be my spending money for the week.
- Credit cards may only be used for bills, nothing else
SO you are probably thinking that according to the lazy mans budget I should be doing the following:
- Automate savings
- Emergency fund buffer
- Spend the rest
Ok, so I get the above but because I suck so bad with credit cards I wanted to add to it and only spend $400 bucks per month on non essentials. Savings is already automated with 401k and 10% of my take home deducted each check. At least I am saving! The emergency fund buffer is something I am working on. My overall goal is to be living on one pay check and my rental income monthly. This will be significantly easier once I find a cheaper place to live. I will keep you updated as I go through this process on how well I am actually sticking to my budget. Eventually I would like to get a spreadsheet showing my budget but I just haven't been able to do that yet. It is on the agenda for a later post :)
What does your budget look like?
Do you prefer cash in pocket or credit cards?
How many months is your emergency fund going to cover?