Danmar
Thinks s/he gets paid by the post
Definitely A. 1.6 % is virtually rounding, no? Good budgeting though. I was 10% over and once I analysed the overage, I still picked A.
Reduce next year's budget by $800. Duh!
I'm curious, do you keep this emergency fund actually separated in its own account, or spreadsheet, or is it more of a mental thing?
why?
Know a guy who worked for BLM as a park ranger. He was instructed that he needed to use up his full annual budget amount or his next year's budget would be reduced by the amount of surplus. Made for some really kinda dumb end of year purchases to use up that surplus. Ditto a school principal who would stockpile office supplies just to burn up budget excess. Always struck me both sad and funny as the efficient and cost effective manager was forced to make do with less.
I don't budget anymore, our spending day by day is plenty thoughtful and the idea of a surplus is meaningless when you can count on yourself to live as reasonably as you wish.
But why reduce next year's budget by $800?
Know a guy who worked for BLM as a park ranger. He was instructed that he needed to use up his full annual budget amount or his next year's budget would be reduced by the amount of surplus. Made for some really kinda dumb end of year purchases to use up that surplus. Ditto a school principal who would stockpile office supplies just to burn up budget excess. Always struck me both sad and funny as the efficient and cost effective manager was forced to make do with less.
I don't budget anymore, our spending day by day is plenty thoughtful and the idea of a surplus is meaningless when you can count on yourself to live as reasonably as you wish.
Out of curiosity how do you track your day to day expenses? Spreadsheet? Software?
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Out of curiosity how do you track your day to day expenses? Spreadsheet? Software?
Personally I keep track of spending in Excel, on a spreadsheet that I have most aptly named "Spending 2015". I have set up my "Spending 2016" spreadsheet too, and will transition over to it on Friday.
I like Excel because of its flexibility and because I have used it for many years.