Originally posted on ASeriousGirl.com
BUDGETS FOR LOVERS
This weekend, for the first time in weeks, Mike and I found ourselves with a free afternoon. We used to have regularly scheduled budgeting sessions, much like our regularly scheduled dates, but since we moved across the country for the second time in four years, all that has fallen by the wayside. So how did we spend our free afternoon? We sat down with coffee and cookies and we drew up a budget.
I don’t know if you’re big on budgeting your expenses, but we definitely are. It’s a habit we got into when we wrote our pre-nup, and we’ve found that whenever we slip out of it, life starts to get really stressful. Money can be frustrating enough, but when you’re in the dark about how much is coming in and how much you’re spending and whether or not you can make the bills next week, it’s hard to focus on much else. Alternatively, when we’re staying on top of our finances, everything else seems to fall beautifully into place.
The first two years we lived in New York we didn’t have a budget. Sure, one had worked before, but I didn’t need that crutch anymore! I could just keep track of our finances in my head! Why waste time writing a budget? Budgets are for sissies! Ahhh… those were the years. The years of expensive restaurants, shopping sprees, and crushing guilt. The years we lived off frozen soybeans and microwave popcorn because we’d spent that week’s grocery money at a bar. The years our debt stacked higher no matter how much we paid on the balance each month. The wilted salad years.
When we were both laid off in 2008, I discovered Crazy Aunt Purl’s Budget Worksheet. It was serendipitous, if you ask me. We were in dire straights and one day, on a break from searching the Craigslist job ads, I got curious and clicked a link and there it was, in all its automatic built-in mathematic glory. I plugged our numbers into the appropriate cells and discovered that we were spending waaaaaaay more than we were earning, and had been for a long, long time. Which explained our credit card situation.
That was when we started getting hot and heavy with our finances. In 2009 we made less than half of what we’d made the year before, but because we were living by our budget, we felt like we had more income than we’d had in ages. Our budget included money for dates and personal spending, and when we stuck to it we had everything we wanted and more. That budget enabled us to get out from under our debt and save enough money to move home.
Then we moved and stopped paying attention to our finances all over again, so yesterday was a real eye-opener. But I’m glad we did it. It’s a huge weight off my shoulders, even if the news isn’t what I hoped it would be, to know what’s going out and what’s coming in, instead of ignoring the bankbook and crossing my fingers. And I swear, budgeting goes hand-in-hand with romance because when we’re not worrying about money we can do other things that are a lot more fun.
Whether you’re married or single, knowing exactly where your money goes every month can help you redirect your funds so you can live a life that’s congruent with your goals and dreams. And because I’m a giver, I’ve attached my version of Aunt Purl’s Budget Worksheet. It’s basically exactly the same as hers, except I added cells for things like Date Night and Savings and then I renamed it Budgets for Lovers. Click it! It’s downloadable!
If you’d rather download her Personal Budget Sheet, click here, then scroll down past Archives and past Categories, until you get to Knitting Recipes. You’ll find it there.
If you’ve downloaded Budgets for Lovers, you might be wondering where you’re supposed to come up with the numbers for the cells. That’s what this baby is for:
I drew that one up myself, so it’s not nearly as fancy and automatically mathey as Aunt Purl’s, but it does its job. At the end of every week I sit down with my checkbook and all the receipts from Mike’s and my wallet, and I plug in everything we spent and what it was spent on. Then at the end of the month I plug the totals from my weekly sheet into Budgets for Lovers and voila! An eye-opening glimpse into the real-life mysteries of an American couple’s spending habits.
How do you take care of your finances? Is it something you pay close attention to? Do you make lists and notations and use a calculator? Or do you fly by the seat of your pants and let things work out as they will? What helps you feel like your finances are under control?