Comments on: Budgeting: Important Questions Needing Answers http://www.youneedabudget.com/blog/2007/budgeting-important-questions-needing-answers/ You haven't budgeted like this. Fri, 03 Feb 2012 04:59:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: matt http://www.youneedabudget.com/blog/2007/budgeting-important-questions-needing-answers/#comment-356 matt Thu, 22 Apr 2010 23:33:25 +0000 http://www.youneedabudget.com/2007/budgeting-important-questions-needing-answers/#comment-356 thats like the old envelope method....works!.....so if your rent is 1,000 a month, you budget 500 a paycheck right? thats like the old envelope method….works!…..so if your rent is 1,000 a month, you budget 500 a paycheck right?

]]> By: YYC27 http://www.youneedabudget.com/blog/2007/budgeting-important-questions-needing-answers/#comment-355 YYC27 Wed, 14 Apr 2010 17:07:27 +0000 http://www.youneedabudget.com/2007/budgeting-important-questions-needing-answers/#comment-355 To be honest, I made a conscious decision not to follow Rule #1. Or at least to not follow it in the way Jesse suggests. I don't time bills to paycheques. Every two weeks, I'm paid, and I budget that money out to my categories. My categories are funded to the point where I can budget an equal amount to them bi-weekly, and my bills will be covered as they come due. I have plenty of financial cushioning in place to take care of me, in case something unexpected arrises. I don't think living on last month's income is the only way to avoid living paycheque to paycheque. For me, I need to put my money to use right away. I can't stand the thought of letting it sit for a month, first. To be honest, I made a conscious decision not to follow Rule #1. Or at least to not follow it in the way Jesse suggests.

I don’t time bills to paycheques. Every two weeks, I’m paid, and I budget that money out to my categories. My categories are funded to the point where I can budget an equal amount to them bi-weekly, and my bills will be covered as they come due. I have plenty of financial cushioning in place to take care of me, in case something unexpected arrises.

I don’t think living on last month’s income is the only way to avoid living paycheque to paycheque. For me, I need to put my money to use right away. I can’t stand the thought of letting it sit for a month, first.

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