Since we've been married, Nathan and I have been pretty careful with our money. We both have cars we paid cash for, and we don't carry credit card balances month to month and we have paid off a couple of our student loans.
But we've been noticing lately that we could probably be saving more money each month. Therefore, starting in November, we are going to be on a monthly budget. I sat down and tried to work out budgeting for myself and didn't really do too well.
So, I turned to my mom, Queen of Budgets, and asked for help. She taught me how to estimate what all our expenses will be, give myself a monthly allowance for groceries and try to guess how much each of us will spend on gas. Hopefully the grocery budget will also lead to other things I've been meaning to do, like using coupons. Beyond that, we are each going to have a monthly allowance for what Nathan calls "random fun money." That will be for things like eating out, movies, yarn and books, or snacks.
It's going to take a while to get in the swing of it and figure out just how much we need to hang on to for each category, but hopefully it will help us put more money into savings each month.