Comments on: 5 Steps to Launching Your Monthly Budget

By: Chris Peach

Chris Peach — Mon, 26 Feb 2018 22:31:14 +0000

In reply to myra. Mint is a good option for a free tool for sure.

By: myra

myra — Mon, 26 Feb 2018 21:09:17 +0000

hi chris i appreciate very much all of your info and advice ….as far as budgeting ive been using mint.com ….im comfortable with using it…..its easy peasy ….user friendly…..and its free….my income is less than 20,000 i pay my debts….including mortgage…..contribute to a 401k …savings
account …acorns and stash also…..i say all of this to hopefully encourage others that you can save and invest as well as pay down debts on little income it can be done if you make the effort through budgeting…..

By: Peach

Peach — Mon, 25 Jul 2016 04:44:24 +0000

In reply to Mitsy. Hi Mitsy, I am going to send you a PM to see exactly where you need help :)

By: Peach

Peach — Mon, 25 Jul 2016 04:42:24 +0000

In reply to Catherine Alford. Thanks Cat for reading and for the comment :)

By: Peach

Peach — Mon, 25 Jul 2016 04:40:34 +0000

In reply to Marie.

Hi Marie,

This is why I teach people to go month to month with their budgets. I don’t care if you are paid once a month, every week, bi-weekly, or once every 3 months….I still want you to budget month to month. Here’s a tip: go back to your budget and put due dates next to each bill you have. You will then notice there is about a 7 – 10 day window where 70% of your monthly expenses are due. Whatever this amount is, will be your “buffer” that you need to keep in your checking account so you’re no longer robbing week 1 to pay for week 2.
Example: About 70% of our expenses are due between the 26th and the 3rd of the month. I know what this amount is, which tells me how much we need to keep in our checking account so we don’t overdraft.

I hope this helps Marie 🙂

By: Marie

Marie — Thu, 21 Jul 2016 17:48:56 +0000

I get really hung up on due dates, so I have my budget (that I’ve been using for many years now) set up by the week…since I get paid weekly. I drive myself crazy robbing from one week to pay the next one…any tips about this conundrum?

By: Catherine Alford

Catherine Alford — Thu, 07 Jul 2016 19:17:11 +0000

I love your step-by-step guide. If I didn’t already have a budget, this would have helped me get one together for sure!

By: Millennial Moola

Millennial Moola — Thu, 07 Jul 2016 12:56:37 +0000

I like starting with pre-tax pay, because then you can put more into your 401k accounts and you get to see where all your money is going. Sometimes you can do something about it like when you are paying local income taxes for living in a certain neighborhood, you might be able to move

By: Mitsy

Mitsy — Wed, 29 Jun 2016 01:30:54 +0000

Help!! I can’t seem to get ahead enough to budget

By: Peach

Peach — Tue, 28 Jun 2016 23:51:08 +0000

In reply to Dani.

Hi Dani,

Welcome to Money Peach my friend 🙂

I’m not going to beat you up too bad for doing a yearly budget because you’re still paying attention to your money, which I love.

However, from what I know now, you’d be amazed out how much simpler your life will be when you get focused on a monthly budget.

Try the monthly budgeting tool above inside the post and let me know what you think!