We have started to do an allocated spending plan in addition to our monthly budget. It was a little confusing and kind of stressful at first, but we figured it out. We love all the Dave Ramsey stuff, so we printed the forms off his website. Doing the allocated spending plan may be even more beneficial than just doing the budget. Of course, if you are doing the budget that’s great! It takes a lot of time and work to budget your money and track your spending. Yay you!
With the allocated spending plan forms you have to look at the money you have for the week and allocate a number of dollars to each budget category for that week or the categories you need to cover that week. We were -100.00. Uh oh! We went back and made some adjustments. It worked out and now the key will be staying to the plan all week.
Anyone doing allocated spending plans?