Money Management And Budgeting

Household Budgeting

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debtstinker

Joined: 03 Nov 2007
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Posts: 303

97 Magic Points

Mon Nov 26, 2007 1:56 pm

Da, I've heard of Aldis, when we lived in WV it was pretty big there, comparable to another chain that I can't think of just now. I can't remember if Aldis has brand name stuff? I wonder if there's something similar here in PA

Laura

Joined: 21 Jun 2007
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34248 Magic Points

Tue Nov 27, 2007 5:15 am

I really dont have much idea about Aldis. Any light upon it?
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Dadummy

Joined: 15 Nov 2007
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Sat Dec 01, 2007 1:45 pm

aldi's is a warehouse type store, they carry lots of canned goods and boxed items, a little frozen and fresh vegetables, some household, but there main thing is the canned and boxed. You can save a ton there, they don't carry brand name items, but I have found that the brands they do carry is comparable to brand name in taste and quality. I usually get their weekly flyer emailed to me.

goodnatured

Joined: 03 Nov 2007
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Sat Dec 01, 2007 8:26 pm

I love aldi's too, I do some shopping there, mainly for canned vegetables and some boxed items. Never really buy any meat or fresh stuff there. When I go there I see alot of amish people in the store stocking up on their baking supplies, my little girl thinks they are cowboys, LOL. because of the hats they wear.
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Trying to become and stay debt free, thank you for all your help and support!

Dadummy

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Sat Dec 01, 2007 11:40 pm

You can get some great deals there, but don't forget you have to take you own bags or use the boxes in the store.

Good, that is way to funny that she thinks the amish are cowboys, because of their hats? Kids say the darndest things, don't they?

desiree15

Joined: 10 Nov 2007
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1078 Magic Points

Sun Dec 02, 2007 2:35 am

I've heard of aldis but never went in there. I think it's great that you have to take your own bags. I studied art in Denmark and over there you hav eto take your own bags because they don't have plastic or paper for that matter. i loved it over there, very different but good way of life. they're focused on their families. In fact women can take a year PAID time off after they have a baby. could you imagine that in this country??
Good, that's cool that your little girl thinks that the Amish are cowboys. My parents live in a place where Amish work very hard on their farms and they are everywhere, we just have to watch not to hit thier horse and buggies when they get on the free way ( i kid you not) there's signs and everything that warn us of deer crossings, pedestrians, and amish

goodnatured

Joined: 03 Nov 2007
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Sun Dec 02, 2007 7:25 am

I think they are trying to rebuild a war torn population right, I know when I was in Germany, they got a healthy pay to stay home and have kids to rebuild the population.

Hey desi, we don't need that pay to have kids encouragement here, LOL, omg, NO, we have enough already that don't want to work and support the kids they have, can you imagine what would happen if we paid them to have kids, their uterus would fall out.

I thought it was funny too that she thought the amish were cowboys, she is not very quiet about these comments either, they hear her, but she is only four, so I think they are a little forgiving.
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desiree15

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Tue Dec 04, 2007 1:58 am

that's the beauty of kids though, you just never know what will come out of their mouth but no matter what comes out it's usually the truth! my nephew is starting to mimic us and we have to watch foul language. while he gurgles some d words, we still know what he's saying! eeeeeeee his mother would kill me. I tried to teach him to say aaaaaaaa hole just as a joke, but never thought he'd actually try to say it! whoops. guess they're parrots sometimes hee hee

goodnatured

Joined: 03 Nov 2007
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Tue Dec 04, 2007 3:06 am

desi, desi, shame, shame, lol, it is funny at first, My four year old said the "f" word the other night, I said "hey where did you hear that" she told me that grandma says, "aww f***" when she gets paint on her shoes. I have to correct her, but sometimes she will come off with stuff at the most appropriate time, she knows better, but it slips every now and then as it does with all of us, LOL.
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Trying to become and stay debt free, thank you for all your help and support!

goodnatured

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Sat Dec 08, 2007 10:16 pm

Found this awesome guide on the internet, thought you guys would like it.
Quote:
Household
Budgeting
Developing a budget you can live with
Establishing a Household Budget

One of the cornerstones to successful financial planning is establishing a workable household budget that manages your expenses, reduces your debt obligations and builds your savings.

This Wealth Builder brochure discusses the principles of budgeting and then provides a straight forward “Household Budgeting Worksheet” to help you establish a budget you can live with.

What Is a Household Budget?

A household budget is nothing more than a plan that sets spending goals over a period of time (typically one year) and allows monitoring or tracking of how you are doing in following the plan.

Understanding Cash Flow First

To successfully develop a workable household budget the concept of Cash Flow must be understood. To understand Cash Flow, think of your finances as constantly changing. Money is being received in the form of employment pay checks, dividend and interest income from investments, tax refunds, gifts and other sources. Simultaneously, cash is being paid out to cover regular living expenses like food, transportation, housing, taxes, insurance and supplies. You also pay for unanticipated expenses such as auto repair or medical bills. This ebb and flow of money into and out of your household is your Cash Flow. Household budgeting can improve cash flow (more coming in/less going out) by successfully managing and tracking the money flow.

How to Begin?

Start developing your household budget by laying out all of your income and expenses by month for the past year.

This will give you a picture of the amount and timing of your cash flows on a monthly basis.
You’ll quickly see the inflow of cash and outflows that occur weekly, monthly, quarterly and annually.
You’ll be able to see if your expenses are too high and your savings are too low to meet your financial needs.
What’s Next?

From this initial picture you can then forecast your expenses for the coming year (up in some cases and down in others) and target your goals for reducing your debt obligations and, importantly, meeting your savings and investment goals.

Hint #1: If you are serious about planning your financial future you should budget to save a minimum of 5% and preferably 10% of your income each year.

Hint #2: Pay yourself first, by writing a check to your savings or investment accounts every time you pay bills.

Hint #3: Reinvest your dividends, interest, and any other investment income rather than spend it and you can realize accelerated savings growth.

Budget to Develop an Emergency Fund

Most successful budgets include the funding of an Emergency Account. This is money set aside to cover anywhere from two to six months of your household expenses. Practically, this money will be ready to cover the unexpected. Often it’s not a question of if, but only a question of when you will be faced with unexpected expenses such as auto repairs, household appliance replacement, medical bills or loss of employment. The workable household budget should account for setting aside this emergency cash until two to six months of living expenses are accumulated.

Using the Household Budget Worksheet

The worksheet in this brochure is designed to help you organize your cash inflow and cash outflow into weekly, monthly, quarterly or annual frequencies. You’ll need to review your pay checks, other sources of income and your checking account(s) you use to pay your bills to collect the budget figures. Notice that many of the periodic expenses such as insurance payments and taxes are relatively larger expenses and can be planned for by setting aside money (preferably in an interest bearing account) on a weekly, bi-weekly or monthly basis.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!

debtstinker

Joined: 03 Nov 2007
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Sun Dec 09, 2007 1:53 am

Very good information good. I'm still laughing my behind off about your daughter's f bomb!! they're parrots i swear and they don't know they're doing anything wrong until we correct them and even then. I'm still waiting for mine to come out with something that's not supposed to be said in public Smile

lol

dadummy52
Guest

Subject: credit cards

Sun Dec 09, 2007 4:04 am

How does credit card companys get you in and funnel you into debt so far that you cant get out. have you gotten the flyers saying you can write a check and pay a certain interest untill the life of the loan? well when you have any balance they credit all payments to the loan first leaveing all other purchases to build interest, therefore you are not saveing anything.

goodnatured

Joined: 03 Nov 2007
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Sun Dec 09, 2007 1:20 pm

Nope have not gotten these flyers da, what is the company?
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!

crackerjack

Joined: 03 Dec 2007
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Mon Dec 17, 2007 3:56 am

I just bought a monthly planner with pockets, it will be great to hold my reciepts and bills. You can buy these just about anywhere that sells tablets, calendars and other paper products, I got mine at staples. It was only a few bucks.

Laura

Joined: 21 Jun 2007
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34248 Magic Points

Wed Dec 19, 2007 8:22 am

Great. I have got one too for myself. But I that was a gift this time.

I have a notepad as well for storage of information.
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Regards,
Laura.

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