We've been married almost 30 years and here's a true confession: we have never used a budget. But now that we will be sticking to a fixed income, we'd like to make sure that we are living within our means.
We are using a tool called Every Dollar. It's been developed by personal finance guru, Dave Ramsey. (He is a Nashville-based, self-proclaimed "redneck", who tells people about his past mistakes and gives them straight advice about how to get out of debt and build wealth.) I've been an avid listener to his podcasts, for the past couple of years.
Every Dollar is super-easy to use and allows you to plan ahead, look back at previous months, and customize your expenses for what makes sense for you & your family. I look at it every few days and adjust accordingly. Even though it's developed for Americans, and we're Canadian, it's a tool which can be used universally.
The other unique thing about budgeting, is having my husband's involvement. He's become an active participant in the budget and decision-making. It's really amazing! For years, I pretty much ran all of our finances by myself. But now it's kinda nice to have his input and to run ideas and amounts by him.
Dave Ramsey always tells his listeners that it will take at least 3 months for couples to get comfortable with budgeting. Wish us luck!
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