Creating My 2017 Budget Binder



Growing up my parents did not have any type of system when it came to paying bills and saving. I noticed that they pretty much winged it. My Dad worked a lot and my Mom wasn't the Homemaker type. She kept a clean home and cooked. Finances weren't her thing at all. My Dad pretty much worked from sunup to sundown.

Which
felt like seven days a week. He was exhausted when he did have his free time. As a child, I developed my own savings habits. I would babysit and pretty much save all of the money that came my way. I remember going to Bank of America with my Mom and opening a custodial account. I had my bank book and was super excited to start my journey.


As an adult, I've had not so much great moments with debt. From racking up a ton of bills to spending money I didn't have on WANTS. I remember working and going to the bank to deposit my money and every time I would make a deposit my account would be overdrawn. I didn't track my spending and bill pay and the bank was making a ton of money off of me from overdraft fees. This was way before the time of online banking and mobile deposits. I clearly had no idea what I was doing and at times would find myself wondering what happened to the young lady that took pride of her savings habits? I quickly got it together when I realized that I wanted to purchase my first house at the age of twenty-one. I worked on my wants/ needs and would not take any extravagant trips because I knew I couldn't afford it. Trust me getting to the road I'm on wasn't perfect. I've learned a lot and still have a lot to learn. Fast forward to today and I am so proud of myself for taking the step to creating a Budget Binder. For the last couple of years, I've used a folder to house all of our bills and a bill pay form. I love this system. However, I wanted a place that would include everything that's needed for my family. At some point, I would like to create a Home Management Binder. However, for now, I'm happy that I took the initiative needed to start on my debt free journey. I created a video sharing the items I decided to use and why. It doesn't take much to create a Budget Binder. I pretty much used everything that we had on hand and decided to create and use printable I found online. I will keep you guys updated on my journey. Thanks for taking the time to read this

Do you have a Budget Planner or Binder?


Making My Budget Binder Video





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14 comments:

  1. This is a smart idea. I don't have one, but I might get one just to keep track of everything. We're home owners now so we have more bills to pay so this would come in handy.

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  2. I definitely need me a budget planner! My hubby and I are trying to snowball our debt right now and this would be really helpful!

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  3. I don't have one yet, but I'm planning to get one. Thanks for your tips!!

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  4. This is really helpful information! I am money-illiterate and I often turn to other people to help me figure out finance related stuff!

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  5. Wow sounds a good idea. Right now I have a box storage for my receipts, and declutering it every end of the month. I will consider having a binder :)

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  6. This is such a great idea. I definitely need something like this, as we need to get better with budgeting because we are saving for a house.

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  7. This is a great idea! I don't have a budget binder, but I do have a spreadsheet that I use to keep up with my budget.

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  8. I used to have a planner. Great way to know where your money is truly going!!

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  9. We have very similar backgrounds. I remember a lot of hectic times, I love the budget binder idea. Keeps everything in place and on track!

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  10. I have one. This is where I log my travel plans and other to-dos. I normally forget my things to accomplish that's why i need to write it down.

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  11. Such a great idea! I need to try this that way I stay more organized and actually follow a budget!!

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  12. Excellent idea. I need to do this. What a great way to get serious and organized.

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  13. I always track my expenses monthly .It's the best way to control money flow. It's great you wanted to buy a home at 21 .Very ambitious

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  14. What a smart idea to manage budget! I used MS Excel or Google spreadsheet for managing my expenses.

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