Alright budgeteers, you made it! You waded through the mother of all budgeting sessions, you set realistic but intensive goals, and you have probably achieved some and not achieved others. No matter how well or poorly you followed your projections from your last budgeting session, it is HIGHLY important that you follow up.
So we’ve talked about what a budget is and how to make one. You’ve set your goals, and you’re sticking to them! Between budgeting sessions, though, is the budgeting check-in. The purpose of a check-in is simple - account for the expenses you’ve had that day (or, for our pros, in the past week) and make sure you and your partner are on the same page.
Whether you are a saver, a spender, or somewhere inbetween, whether you are flying solo or have a family to support, a budget helps you to answer hard questions. In order to have a budget though, you have to MAKE one. Since finances can be a touchy subject, here is a how-to guide for your first budgeting session - and bonus! The first part doesn’t even include money!
When my husband and I got married at the ripe age of 20 years old, we made plenty of mistakes. Ironically, one of them was not not having a budget - I religiously updated our (now somewhat-more-perfected) monthly budget almost daily as I tracked ingoing and outgoing expenses. To my intense frustration, my husband was just… not… getting it.
I spend most of my spare time playing with spreadsheets, my violin, or planting vegetables in my garden in hopes of bringing new insights into frugal living. Please enjoy, and don't forget to sign up for our monthly newsletter here.
Disclaimer - Mrs. FB is not a financial advisor. Nothing in these articles should be construed as investment or other professional advice, but rather personal opinion. Some links in these posts may be to affiliate sites - no products are advertised through this site that have not been personally used by the FB family unless expressly labeled.