Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Jim Cramer Recommends Index Funds | Main | Win a Free Copy of Quicken Premier 2008! »

January 15, 2008


Feed You can follow this conversation by subscribing to the comment feed for this post.

Sometimes it is easier to think of a budget as a "spending plan" for you and your family. While some might dismiss as a mind-game, I've found both with our own finances and coaching others that this subtile change can make a big difference.

Having a plan for "extra" money before you receive it helps a lot. In the past, we had a budget based on our regular pay, and we never factored in any bonuses or other "extra" money (gifts, etc). We would usually put a little away, but blow most of it.

This month, we get an "extra" paycheck from my job (three paydays instead of two), and my husband gets a year-end bonus and a referral bonus from his job. We estimated how much money this would give us before the month began, and it is almost all going towards one loan - which will now be paid off by May, since we focused all the additional money on it. We never would have managed this before.

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.