how much should i budget every month

Our Monthly Budget for October 2016

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The budget this month is rough. Andrew and I had to face some hard truths this month and we realized we got way off track with our money management.
 
It’s true. We failed at our budget. Big time.
 
They say the first step is admitting you have a problem. So that’s what we’re doing this month. We have a problem. You see, a few months ago, we switched to using an online budgeting software instead of our cash envelopes.
 
As it turns out, the harsh reality is neither Andrew or I have the discipline required to manage our spending with plastic.
 
Without further ado, here is our atrocious October 2016 expenses:
 

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So starting November 1st, we went back to basics: we’re going back to the envelope system and using cash for our purchases.

We’ll still pay our bills online (we have most of them setup on auto-pay and that is a huge time + stress saver!) but the rest – groceries, gas, clothes, restaurants, clothing – will be paid only with cash.
 
That way, when the cash is gone, we stop spending. And there’s no worry of going over budget.
 
How was your budget for October? Did you do better than we did?
 
Interested in re-publishing this article on your blog or website? Awesome! All I ask is that you send me a quick note via my website so I can give you permission. Thank you!

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Amy Beardsley

View posts by Amy Beardsley
Amy Beardsley is passionate about personal finance and debt reduction. In 2015, she and her husband Andrew started on a budget making, debt-destroying journey to put an end to the cycle of living paycheck-to-paycheck once and for all. Join her at www.MarvelousMrs.com where she blogs about their progress and offers advice on real money for real women.