I owed more than I owned. At the beginning of 2018, I started out with negative net worth.

Hello! Here Are Your Options. I like to keep extra money in my checking account at all times, which I call my “checking account cushion.” When you are working with a zero-based budget, all of your income is essentially being used. I like to know if I was over or under my monthly budget. The transition has been a lot easier than I thought, and I am still succeeding with the cash envelope method. Every month, I like to look at how my spending compared to the previous month. You have to do what works for you and your unique life. Has Your Debt Been Sent to Collections? I decided to create a 401(k) for my business, and I will start regular contributions to that plan in April. My laptop was stolen in early February, so I had to change my bank accounts. Now, I have been budgeting for a very long time, so I use the same categories over and over. There is no wrong or right way to budget your money. Some links below are from our sponsors. Not only that, but your budget can tell you some pretty incredible things about your money. I decided to remove my tax savings account for my business from my asset calculation.

The transition has been a lot easier than I thought, and I am still succeeding with the cash envelope method. I also completed the $20 Fridays in March Savings Challenge, and it was a huge success! I did not complete meal planning in March, but still managed to stay under budget. Thank you in advance! It was March Break last week, so they were pretty focused on having fun, like kids their age should be.

Change ), Budget Review: March 2019 – Our Journey to Financial Independence, Follow Our Journey to Financial Independence on WordPress.com. What is the Rule of 72 and Why Does It Matter? For the change in dollars, I write it in red if I spent less than the previous month, and I write in black if I spent over what I spent in the last month.

Yes, it’s nice to know how much went to savings for the entire month, but I want to know what am I saving for.

Understand the reasons behind your financial choices, and look at what your budget tells you.

43% of my income went towards my savings goals.

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“Where Did My Money Go?” Printable Worksheets, 8 Fun Ways to Celebrate Easter on a Budget.

Now that I am debt free, I have decided to make saving for my son's future more of a priority. I just havea quick question!

Usually we talk about how each month went at the end of every month, but from here on out we are just going to post our budget without any explanation, since those are typically explained at the end of every month as well. What are you doing today with your money that ensures you won't have to use debt later? h�bbd```b``^"g�H�k ����&ׂH�d0�)��"����t��"��A$��T���p��Z@�QQ̶ ��`��A�j0X� l�4���������� �LF������` 6�w

One. 43% of my income went towards my savings goals.

Even though I budget my income by paycheck, I still like to assign a monthly budget for each one of my categories.

You need to increase your assets (saving money), or you need to decrease your liabilities (paying off debt). I left my full-time job in February to work for my business full time.

I also use my cushion for any unanticipated online purchases that I make, and then I replenish my cushion using the cash I have from my envelopes.

With that said, below is the breakdown for our March budget, which will be explained in the budget review at the end of the month.

This is the one category I like to look at.

I made a lot of progress in December, and I am very excited to see my growth in 2019. My utility costs were very low this month.

1074 0 obj <> endobj Being on a debt free journey doesn't just mean making debt payments. You can get the worksheets shown in this recap here: 2019 Budget-by-Paycheck Workbook: Budget-by-Paycheck™ Digital Download, “Where Did My Money Go” Worksheets: “Where Did My Money Go?” Printable Worksheets, Filed Under: One of the things that lacked when I was learning how to budget were real-life examples. Your net worth is an overall picture of your financial health, and it can tell you if you are making progress. Tagged With:

1116 0 obj <>stream 0 The full $100 that I saved from the challenge went towards my house savings goal. Check against delivery.

In March my Net Worth decreased. On the budget tracker, when there is a discrepancy between what you budgeted for versus what the actual amount was,how do you account or handle the discrepancy?