Currently my husband is the only income earner, I stay at home. He gets paid biweekly and his paychecks are never the same: minimum paycheck would be a little above $1300, average is $1900, highest was $2800. We only have 7 months of paychecks to go off of though since it is a new job and 6 of the 7 lowest paychecks were during their travel ban for covid.
I am trying to learn to budget and actually set one up. We are in a great place financially right now that allows for a lot of messing up. We plan on buying a house in a few months and that will make our budget tighter, so I'm trying to figure it out before then, at least the basics. I was hoping to do a monthly budget and then save the extra 2 paychecks as just money we didn't think about.
We currently only have 1 checking account and 2 savings accounts (Emergency and general). I was hoping to open a few more just to better allocate our money, its kind of confusing to say you get $75 a month to spend on you but then have so much more in the account or to say our savings account is split into multiple different funds. The problem I'm running into is trying to make sure all the money goes to the right place while only having 6 transfers within our accounts a month before fees start (and I don't want to pay the bank to move my money). There's also the issue of never really knowing how much he will make, right now its not a big deal because we don't have many expenses, but when our budget is tighter, I'm not sure how to go about that.
I feel like I am way over thinking this but I'm honestly to the point where I don't even know where to start with it. Both my husband and I have the habit to overspend if we aren't very clear with how much and for what so we really need a very clear budget system. So if anyone could give me ideas for how to budget like this? I have tried to read things online and they are honestly too confusing to me.
Submitted August 01, 2020 at 08:23PM by Ok-Relation-2731 https://ift.tt/2PgtFoK
