It’s here…the Frugal Mermaid budget sheet!

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Here’s how I budget differently:

I like it neat.  For some reason, I really like to have approximately the same spending every single month.  It feels nice and clean to me.

But that’s not how life works, right?  Christmas and new tires for my car don’t come up every single month.  So for those rare expenses, I put a certain amount into a “savings bucket” every month.  I call them my “savings for future expenses” accounts, and they include things like my 6-month lump car insurance payment, taxes, travel, extra fun money for when we have guests, etc.

Here’s how it works:  Instead of having my budget increase in September for my husband’s birthday, I put a small amount every month into my “gifts” savings account.  Then, when his birthday does roll around, I pull from that account without letting it affect my budget.  Because I already accounted for it every month I put the money in!  So, basically, I’m just spreading the cost out for the whole year.

Why doesn’t it affect my budget?  Because I already accounted for that gift money when it originally went into the account!  So, basically, I’m just spreading the cost out for the whole year.

To put it simply, I’m just spreading out the cost of these “future expenses” over a few months, a year, or more.

I don’t budget every single dollar.  My husband and I like freedom when we shop.  If I used Dave Ramsey’s envelope system (a great system, just not for us), I would have to move money from one “envelope” to another if I wanted to buy something extra or over my budget for that category.  Psychologically, that makes me feel like I don’t have money, which bothers me.  While I may spend like a poor college student, I don’t want to force myself back into that mentality.

Psychologically, that makes me feel like I’m living paycheck to paycheck, which bothers me.  While I may spend like a poor college student, I don’t want to force myself back into that mentality.

My budget is a guideline.  Because my husband and I are both natural savers and rarely have weak moments of impulse spending, we trust ourselves not to overdo it.  So sometimes we go over budget.  But that’s OK, because we are still saving more than 50% of our income.  By treating our budget as a guideline, we keep ourselves in check, without taking away our freedom or giving us undue stress about money.

 

Does this budgeting method sound interesting to you?  Click the link below for a FREE printable budget sheet!

FrugalMermaidBudget

And come back every month to see how we did with our own budget!  Keep scrolling to see our monthly budgets!

August 2017 Budget

August Well, it’s October 1st, so I figured I’d finally post my August budget? You may have noticed that I haven’t been posting regularly for the last couple of months.  That’s because *drumroll*…I finally found gainful employment! I’m still struggling to balance my life so I can still have fun with this blog and do all […]

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July 2017 Budget

July July was not a crazy month like June, and yet we went over budget by more than $300!!! Click the link below to see the details! Frugal Mermaid July Budget Here’s a quick breakdown: -I guess there’s one benefit to being unemployed…I only filled the gas tank once last month!  Gas came in $64 […]

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FrugalMermaidJuneBudget

 

How did you do with your budget last month?