Budgeting

I have always been really goo at budgeting and saving money. I have always spent less than I made and been able to put money aside for savings. My husband and I discussed money and budgeting before we got married. Neither of us were in debt or ever wanted to be, except for maybe a house. We sat down and figured out how much income we had and what our monthly expenses would be. We were both surprised at the expenses since both of us were living at home and didn't really have any expenses outside of paying for gas.

Lately its been somewhat difficult for us to stick to a budget, but we don't make very much every month and it is important to us that we don't go into debt or dip into our savings account if we don't have to. Right now only my husband is working. I am trying to find a job, but the search has yet to be successful. We want to buy a house in the next couple years and are hoping to both get jobs soon, my husband is looking for a better paying job. We hope that when we have the increase in income that we won't raise our budget too much and be able to put a lot of money into savings to buy a house soon.

It was interesting to read about hospital budgets and the things that hospitals have to do to make a budget and to stay on their budget. I am looking forward to class tomorrow and learning more about budgeting and such.

After Class:

I thought class was interesting today. It was fun to go through an actual budget from a hospital to see the expenses that a hospital has. After trying to cut $11,200.00 it would have been nice to know more information initially.

I think it's interesting that so many people believe that you spend what you make. I know plenty of people that do that, but I also know people that spend less much than they make and save a lot of money. I am an avid Dave Ramsey fan and I believe that you can save money and spend less than you make so that you can save for retirement and for the bigger items that you want to buy. I don't believe that everyone spends what they make.