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  #1  
June 19th, 2011, 08:52 PM
JessP's Avatar Lovin life and family
Join Date: May 2009
Location: Washington
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When you start a new budget or restart an old one do you have a set date that it goes into effect or do you apply the changes the next day?
Do you wait for a paycheck or a specific event?
How do you decide?
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  #2  
June 20th, 2011, 04:16 AM
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Join Date: Oct 2006
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My husband gets paid only once a month so it makes doing the budget really easy because we have all the money and all the bills at once rather than trying to figure out what bills have to ome from which checks, etc.

Then when I get paid that money goes into savings. I SAH and have been watching a little boy 2x a week and soon I will be watching him and his baby sister.
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  #3  
June 20th, 2011, 09:04 AM
mommy2Breana+Brandon's Avatar Platinum Supermommy
Join Date: Dec 2006
Location: PA
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I try to start fresh when we get paid.
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  #4  
June 20th, 2011, 09:47 AM
Mega Super Mommy
Join Date: Mar 2010
Location: Ohio
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We are getting ready to start a new budget and I'm waiting until his first paycheck of next month, which will be the first week of July. This week we're selling some items to helps us catch up on a couple past due bills so I want to start fresh next month with his first paycheck.

Also, next month will be the first time that he gets a bonus check from his job.
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  #5  
June 20th, 2011, 12:30 PM
JessP's Avatar Lovin life and family
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We try to start on a paycheck. I know which ones have more extra and try to start then just for ease of the budget. This time we are starting on the First of July for ease of our goals/budget. We have set 1 year goals so we wanted a nice round start date.
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  #6  
June 22nd, 2011, 02:04 PM
PuppyLove22's Avatar Mega Super Mommy
Join Date: Jun 2011
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I noramally would start the next pay day. But we are behind on some bills right now, so we need to catch up before implementing the budget. Luckily we made some major changes that frees up an extra 1200 a month so we should be able to catch up ok. I plan on starting the second week of July. but i have made changes to my spending, eating at home more etc.. and am keeping all receipts.
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  #7  
June 23rd, 2011, 12:23 PM
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When I have had to restart, it's because I wasn't following what we had decided on. If I didn't restart right away, then we'd keep slipping. What I do is plan out our budget and then plan paycheck-by-paycheck how we are going to get to that point. We start with what we are already spending and then have goal amounts to spend. My job is to get us from point A to point B and figure how it's going to work with the upcoming checks.
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  #8  
July 1st, 2011, 06:46 PM
Happy Song's Avatar Nicole
Join Date: Jan 2010
Posts: 10,797
I have a monthly budget on excel that I reset each month. There is a column for each pay check. Under that I sort when the bills will be paid. When the bill is paid I highlight it in red. Certain "bills" like diapers, cigarettes and gas are done every other week. A few times a month I go in and adjust what we did and didn't pay.
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  #9  
July 5th, 2011, 07:54 AM
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Join Date: Nov 2010
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I do a new budget every month - all done via excel. I figured out at the beginning of the year which paychecks get applied to which months (I set my budget to live on 2 paychecks a month). The extra paychecks go into our rainy day savings to cover things unexpected expenses.
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  #10  
July 7th, 2011, 07:16 AM
wefrogy's Avatar Platinum Supermommy
Join Date: Jul 2007
Location: Virginia
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ok maybe I do have somewhat of a budget already because we both get paid every two weeks and certain bills are paid with each pay period each month and we do it on the same rotation each month
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