I have a wonderful partner who takes care a lot of the budgeting/payments etc. I make 2/3 of the household income and I let her have free reign to save/pay things as I personally have a hard time saving money.
What I notice she does is some sort of 'envelope' method, where she has many envelopes, and for every bill she puts the amount needed, in cash, in the envelope. This way you know you have all your bills paid and anything left in your accounts you can use to invest or have fun with. When it comes time to pay a bill, you can either pay it with the cash, deposit it into your account and write a check or put it in before you pay online/phone or however you pay your bills.
She can re-use the same envelope for each month on reoccurring bills, and have some for special events/budgets or a vacation fund envelope. Birthday funds, Christmas etc.
I think physically seeing the bill money separated out of the accounts really helps you know how much left over you have every month to play with.
Comments
I have a wonderful partner who takes care a lot of the budgeting/payments etc. I make 2/3 of the household income and I let her have free reign to save/pay things as I personally have a hard time saving money.
What I notice she does is some sort of 'envelope' method, where she has many envelopes, and for every bill she puts the amount needed, in cash, in the envelope. This way you know you have all your bills paid and anything left in your accounts you can use to invest or have fun with. When it comes time to pay a bill, you can either pay it with the cash, deposit it into your account and write a check or put it in before you pay online/phone or however you pay your bills.
She can re-use the same envelope for each month on reoccurring bills, and have some for special events/budgets or a vacation fund envelope. Birthday funds, Christmas etc.
I think physically seeing the bill money separated out of the accounts really helps you know how much left over you have every month to play with.