Budgeting as a couple

 One of the things that I can proudly say I'm good at is budgeting and Financing my money effectively and efficiently.

I'm not a pro, neither do I use those fancy budgeting spreadsheets or nifty little Financing apps, it's just me and my notes literally.

Why do I do budgeting and why do you need to start doing this as well though? Because I find that through a proper budget not only I can ensure that I ‘m not overspending on one thing and then understanding on the other,but also a budget has also helped me save money as well.

So what do you need to do for starters ?

Make a list of all your expenses and finding which might look like this

Bills (if any)

Travel expenses

Lunching and dining out

Groceries 

Miscellaneous 

Some other can be

Gifts

Shopping

Now divide and distribute your earnings for each of the above mentioned section for example, if your earning is 50,000 a month, divide it like this

Bills = 10,000

Travel expenses = 10,000

Lunching and dining out = 8,000

Groceries = 10,000

Miscellaneous = 5,000

Shopping = 2,500

Gifts = 2,500

Total = 48,000

Remaining 2,000 goes to Savings

Obviously this is just an example of how you can distribute your earnings, neither can you do Groceries only for 10k nor does anyone have bills expenses for 10k only, but you get the list of it.

There are other parts of budgeting, like the money you both use, the money your husband gives you and keeps for himself, but I think that depends from person to person and their own expenses.

The whole point of budgeting is to stay within your financial limits, if you don’t allocate a budget for let's say Groceries, you will end up spending more money on it and lesser will be left for your other expenses, budgeting is not just allocating money but it also comes to being disciplined with your spending, obviously you might end up spending more than the allocated budget, but the goal is to be aware and mindful of your spending and spending power. 

Me and my husband have made a youtube video, explaining things in more detail and sharing tips and tricks on how to stay within your budgets well, do check it out, link below

https://youtu.be/kbWLWkopIbs?si=9vr6BKObAztsv5uu