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What are things to put in a budget?

I want to make a budget with my SO my DS who is 13 months me and a new born baby. I want some suggestion on things to put to make sure I dont leave anything out.

 
K3lly94

Asked by K3lly94 at 3:17 PM on Oct. 2, 2010 in Money & Work

Level 12 (773 Credits)
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Answers (7)
  • Insurance is one a lot of people forget, as well as bills that don't occur every month (our trash bill is every 3). Make sure you budget out some savings, as well as some for incidentals like doctors visits.
    Scuba

    Answer by Scuba at 3:59 PM on Oct. 2, 2010

  • One thing I do when budgeting is to think through a "normal" day - I get up and go pee...okay, there's toilet paper...then I wash my hands...there's hand soap...I get my daughter some breakfast...there's eggs and cereal...I take a shower...there's soap, shampoo, conditioner, shaving cream, etc. I write down everything I use in a normal day and then estimate how often I need to buy those items, etc. Other things are pretty straightforward when they're the same amount each month (like rent, cable, etc) but it's all those little things you don't think about. GL!
    aliceryannesmom

    Answer by aliceryannesmom at 3:20 PM on Oct. 2, 2010

  • All your bills. Food, gas for the POV's.
    louise2

    Answer by louise2 at 3:21 PM on Oct. 2, 2010

  • Insurance (car, life, health, home, etc), phone bills, taxes, medical expenses, grocery, gas for car and for house, any debts you have, if there is money left over - clothing, entertainment
    micheledo

    Answer by micheledo at 3:27 PM on Oct. 2, 2010

  • Rent or house payment, car payment, insurance (car, renters, house, life, health) electric, water, garbage and sewer, cable, phone or cell phone, internet, groceries, diapers, baby needs, clothing for whole family (you can estimate) gas for cars, credit cards, prescriptions if you have no insurance or a co-pay, baby sitter if you have one or day care,

    Misc things like: health and beauty aids (shampoo, deodorant, makeup etc) entertainment (even if it's just renting movies) hair cuts, pet food and pet care if you have pets. And around this time of year budget in for the holidays, extra food, gifts etc.
    SophiaofLight

    Answer by SophiaofLight at 3:36 PM on Oct. 2, 2010

  • The neccesities should be first priority on the list. Gas, Car Insurance, Car Payments, Rent/Mortgage, Utilities, Groceries (Including child supplies, pet supplies, beauty supplies), Doctor Bills/co-pay.

    Then luxery items should be filtered in. Cable/Internet, Movie Rental/Netflix, Magazine perscriptions, cell Phone bill (To me that's a luxery, but you can add that in to either category), Beauty treatments (hair appointments, pedi's/Mani's, etc), and things of that nature. Now, those should only be on the list if you genuinely get use out of them. If you have big box cable TV, but you watch TV once a month then you're wasting your money. You can either switch off to basic or use Antenna (Free). Anything that isn't a priority should be weighed out to whether they're really needed or not. Want doesn't mean need, remember that.
    JazzlikeMraz

    Answer by JazzlikeMraz at 3:50 PM on Oct. 2, 2010

  • Mortgage/rent, House Upkeep, any debt (car payments, student loans, medical bils), car insurance, plates/reg., gas for cars, car upkeep, daycare, life insurance, electric, cell Phones, gas/electric, water, cable, internet, groceries, clothing, medical (prescriptions, copays), dental, eating out, entertainment, gifts, haircuts, allowance for yourselfs, pets, Christmas.

    SherriPie

    Answer by SherriPie at 4:59 PM on Oct. 2, 2010

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